Posts tagged Economics
Posts tagged Economics
If theres a need for this service (Demand) someone will fill this CEO spot if he quits (Supply). The Economy is Driven by demand not supply. We need to stop Voodoo Economics, as George H.W. Bush named it in 1980, Which has caused most of our national debt. I can Offer you all the coolest gadgets and gizmos (Supply) but if you have no cash or desire for it (Demand) I just got a tons of Junk.
Note on FDR’s quote
Have any of you been to a baseball game where there were no rules? Of course, not. How would you know who won the game or even if someone scored? Have any of you been to a baseball game without an Umpire? If you have, you would know what a mess it is!
The market works in the same manner, if it is total “Laissez faire” (unregulated) it can’t be fair. There is an invisible hand “fixing” the game for 99% of us to lose and we’re set up to fail. Economic laws are not divine laws, they’re merely tools to be applied for a more just and beneficial society for all. People often feels hopeless and powerless thinking that economy is something for Wall Street, not Main Street however this can and has to change. “We The People” need to realize that we can control the market and refocus our priorities: People before Profit!
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
