free market
In the 40s an American psychologist named Abraham Maslow studied something he called self actualization — this being the highest level of human consciousness. As he observed everything from primates to the particularly evolved Blackfeet Indians, he started to develop his idea around “Maslow’s Hierarchy of Needs”. Much of what we currently observe in American politics and culture are easily correlated to this concept. If people are in the bottom…
And now we’re going to hear about the "Debt Ceiling" for months… Let’s get two things straight from the beginning of this conversation: A): we spend too much money on the wrong things in our country, and B): the Debt Ceiling is a made-for-TV fantasy that was passed into law to make old-school, Gold-Standard luddites feel better. It’s all a made-up crisis. For the sake of history, let’s review. The…
One of the recurring themes at RWLGS is character. Capitalism demands it and civilization is only as good as it is integritous. Humans are mostly selfish creatures; therefore when Milton Friedman told companies that they only existed to create profit for the stockholders in 1970 they immediately absolved themselves of any responsibility to the world, and by 1987 the entirety of corporate America had shifted so completely to this silly…
It’s funny how easy it is to be a one-sided economist. If you espouse the view of one side of a situation, you are likely to find a supporter — and perhaps an employer — who will endow you with the resources needed to expand and market your one-sided viewpoint. This is how we got to where we are. I completely understand the feeling people have to desire agreement. It’s…
free market Archives - RWLGS