Maybe that is why modern day economist doesn’t want inflation to end. No matter what one may think an economy is made up of only two players, a seller and a buyer. Sure, it may look modern and complicated but over all an economy is very simple.
Long before a currency was invented the early economies were based on people trading and bartering with each other. But, you can’t trade or barter unless you have what someone else wants.
However, with a currency also came profit, which was a God send to the growth of government. Government was now able to take directly it's cut of profit in the form of taxes or take possessions and auction them off for the profit.
Profit is generated when a seller sells a product or service for a fee more than the cost in labor to produce the product or service. And the difference between the two is called profit.
A business is only a medium of exchange to generate a profit, if a business fails to generate a profit it cannot exist and must close. Government itself is not part of the economy but what it does greatly influences the economy.
In a society or nation government is a must to provide internal and external protection and to do the things the people can’t do for themselves. But, one thing government should never do is become a social and family provider. That is like a nation feeding on itself.
Once government becomes a social and family provider it is only a matter of time before its demand for more and more taxes become endless.
To finance government being a social and family provider that money must come from a private business directly, or from the wages and possessions of it's employees.
The working people and those who pay taxes are who pays for our welfare state. And the load has become too heavy, only our massive debt load is keeping us fed. And who knows when the bottom will drop out of that and doom us all.
In the early days of business a big problem was finding the capital to grow and expand. That problem was solved when someone came up with the idea of dividing a business into shares and selling the shares as stock. And then along comes compound interest and economics took on a life of its own.
Sure, all of this other stuff changes things, but in my view it still boils down to just two players, a seller and a buyer.
Again, I repeat, there is nothing on earth that can save the USA as a dying nation except a genuine true free market place economy. But, it is impossible to have a true free market place economy with a “Minimum wage law” in place.
For the shallow minded the “Minimum wage law” is all about wages and a paycheck or how much one is getting paid. If the minimum wage law was repealed tomorrow I doubt there would be much sudden change in what people get paid.
There is no "Maximum wage law" on what an employer can pay for labor. To get better workers you got to pay better wages. It still holds true, you get what you pay for.
Any forced wage or price control no matter how small kills the discipline in a free market place economy.
When the evil minimum wage law was enacted in 1938 it took the discipline out of the USA economy and our whole society has been slowly falling apart ever since.
What is called a free market place economy here in the USA today is actually a phony p…. of a true free market place economy. The USA economy of today lacks any true discipline to purge out gross inefficiency and moral decay. Discipline is what gives purpose to life.
No economic discipline is why the USA and western civilization has same sex marriages and mass murder in the womb, ISMDH (I shake my damn head). Today life is ass backward, and I assure you, this nation is gonna pay dearly. Stone Age here we come.
There is no lasting success, enjoyment, or anything in life without discipline. I beg and I plead to you, bring back the discipline the USA economy once had.
“Forcing” anything in a free market economy is socialist no matter what good is intended because force destroys the inherited power and discipline in a free market economy.
A “Minimum wage law” is purely a disguised socialist tool parading as something good, and surely, it fools all but the very wise. The truth of the matter is if it’s so good, why force it on the people; make the “Minimum wage law” voluntarily.
SIRMANS LOG: 30 MAY 2014, 2014 HOURS
I am at my wits end, where is our survival instinct as a nation, It’s sheer madness the true state of the USA economy, yet we march on like zombies.
Western civilization has allowed liberal thinking to flim flam its citizens into thinking the welfare state will always be there to take care of everyone from cradle to grave. Yet, liberals hate profit and have never understood profit which is the engine of economic survival.
Anyone that doesn’t understand the role profit plays in a healthy economy is living in fantasy land and can’t be trusted in my view. So, when I tell you the evil 1938 socialist minimum wage law is evil you had better believe it.
This nation’s sheer survival depends on if and how we get rid of the evil 1938 socialist minimum wage law, period. Power and economics on an individual basis or as nation goes hand in hand.
The true evil of the 1938 socialist minimum wage law is it took the real power away from the economy and the people and gave government almost absolute power.
If not for the evil 1938 socialist minimum wage law liberal propaganda could never have wielded the power through big government to destroy our nuclear family system, our culture, and our moral and spiritual values.
With no minimum wage law the USA economy would have had the disciplining power to fight off inflation and big government reckless spending; now USA currency is inflated out of sight.
The evil 1938 socialist minimum wage law must go so the USA economy will again be “Free at last, free at last” to save our nation. Otherwise, it is no longer a matter of the USA economy collapsing, it is now a matter of who is going to own us.
Folks, I am just a lonely self-made writer, I writer what I think and believe. Sure, some of my views are far fetched; still even a broken clock is right twice a day, think about it.
SIRMANS LOG: 25 AUGUST 2014, 1824 HOURS