Tag Archives: economics

The spiritual meaning of money

The following two PragerU videos made me realize that I have to expand on the points I made about the stupidity of socialists when it comes to money.

The first of the videos, What Creates Wealth, makes the simple point that knowledge is the main source of our wealth; the second, Why Private Investment Works & Govt. Investment Doesn’t,  explains what it says in its title. While knowledge is undoubtedly the most important element and while incentives make a lot of difference, what I consider to be the most basic, the most generic function of money seems to be missing from any discussion of the subject I can find. Continue reading →

Immigration – the economics

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Karl Marx called the second branch of his system “political economy’ for a reason. In the totalitarian system he envisioned, there is no difference between political and economic decisions as there is no economy outside the politically managed system. The more statist a political system gets, the more political its economy will become. Talking about the economic aspects of immigration in this post I will inevitably touch on many political problems.
My next post will be more about the political circus around immigration than the structural problems I will address in this one. Continue reading →