tag:blogger.com,1999:blog-53201049592977749842011-07-31T01:50:03.112-05:00Reverend Floydhttp://www.blogger.com/profile/13282176171478193210noreply@blogger.comBlogger101100tag:blogger.com,1999:blog-5320104959297774984.post-91284952126687104212009-08-20T13:26:00.007-05:002009-08-20T13:44:09.171-05:00

Everywhere you look in this day and age you will see the results of a global economy.  From the car you drive, to the television you watch, from the coffee you drink, to the instrument you play, we are fully engrossed in the fruits of a world economy.   Over the years in America, however, there has been a public outcry against the looming threat of increased globalization.  Many called for

Reverend Floydhttp://www.blogger.com/profile/13282176171478193210noreply@blogger.com5tag:blogger.com,1999:blog-5320104959297774984.post-40997809520361757022009-08-12T12:47:00.009-05:002009-08-16T15:55:57.008-05:00

So it's been over a month, I got all my vacation needs out of me in the past month and, as a diligent reader (or maybe both of them) pointed out, it's time to get this train rolling again.  Toot toot! So next on my list of topics I will discuss economic policies and their various unintended consequences.  An unintended consequence is something that happens as a result of an otherwise

Reverend Floydhttp://www.blogger.com/profile/13282176171478193210noreply@blogger.com2tag:blogger.com,1999:blog-5320104959297774984.post-47182106467427928622009-07-07T22:54:00.004-05:002009-07-08T00:08:05.169-05:00

If Herbert Hoover's policies ground the apple cart that was the U.S. economy to a screeching halt, Franklin Delano Roosevelt's policies tipped the cart over.  Instead of adopting the policies of his predecessors--which were largely no policies at all--and letting the economic downturn correct itself, FDR sought the opportunity to make for himself a legacy that would leave ruin in its wake and set

Reverend Floydhttp://www.blogger.com/profile/13282176171478193210noreply@blogger.com2tag:blogger.com,1999:blog-5320104959297774984.post-49615245720043676882009-07-05T22:29:00.008-05:002009-07-06T10:38:18.457-05:00

      I'm going to sideline my postings on economic fundamentals briefly, break up the monotony, and tackle some things that I think are increasingly important in the here and now.  That subject is the Great Depression.You might ask "Wait a minute, what does the Great Depression have to do with the here and now?" and my emphatic answer is "lots!"  There is a lot going on in the economy today that

Reverend Floydhttp://www.blogger.com/profile/13282176171478193210noreply@blogger.com0tag:blogger.com,1999:blog-5320104959297774984.post-29434526419094598302009-06-16T10:37:00.004-05:002010-10-23T12:07:33.830-05:00

Despite our images of cigar-smoking robber barons in dapper suits with monocles and shiny top-hats, capitalism actually started out innocuously enough from the poor classes. Prior to capitalism your social status was largely a product of your birth. If you were born poor you were poor the rest of your life. If you were born rich you inherited everything you had through the aristocracy of your

Reverend Floydhttp://www.blogger.com/profile/13282176171478193210noreply@blogger.com0tag:blogger.com,1999:blog-5320104959297774984.post-8428354911328165392009-06-11T09:19:00.004-05:002009-07-06T10:36:38.762-05:00

In my last installment of on the rudiments of economics, I'll discuss the five Key Principles of Economics, those things that are self-evident truths that we understand and accept in the economic world like we do gravity or fire being hot.  I'll touch on them here but will reference them more and more as time goes on because economic analysis keeps coming back to them.  Think of them as the

Reverend Floydhttp://www.blogger.com/profile/13282176171478193210noreply@blogger.com0tag:blogger.com,1999:blog-5320104959297774984.post-56912743259808647532009-06-08T10:58:00.002-05:002009-07-06T10:36:52.792-05:00

So now that we're up to snuff on the The Holy Trinity of Economics Questions, let's see how we can go about answering them.  First off, people are largely the ones who take resources and turn them into goods (though bees might produce honey, they still don't package it and deliver it to us.  Yet.)  or produce services. We call these resources the factors of production which I will outline below:

Reverend Floydhttp://www.blogger.com/profile/13282176171478193210noreply@blogger.com1tag:blogger.com,1999:blog-5320104959297774984.post-73981717946649702582009-06-05T08:24:00.002-05:002011-07-25T20:30:45.576-05:00

So we've been hearing an awful lot about the economy in the last year or so. Like a child at a family reunion it goes largely unnoticed until it starts doing bad things. We hear about it everyday now, usually accompanied by tales of gloom and woe. It's our modern Ragnarok, the giants of poverty will rise up and strike the good people of the world down. But despite hearing about the economy,

Reverend Floydhttp://www.blogger.com/profile/13282176171478193210noreply@blogger.com10tag:blogger.com,1999:blog-5320104959297774984.post-3427072113230264532009-06-04T23:08:00.003-05:002009-07-06T10:37:35.540-05:00

So now that the introductions are out of the way, let me tell you how I got here.  I mean, capitalists are made, not born right?  I mean, no one comes screaming out of the womb with the desire to whip the proletariat to make them work harder for their scrap of bread at the end of the day.  Well, I'm no different.  I used to be a socialist.  Hell, I was a Marxist.  I still have the Communist

Reverend Floydhttp://www.blogger.com/profile/13282176171478193210noreply@blogger.com2tag:blogger.com,1999:blog-5320104959297774984.post-56662142836675812462009-06-04T22:45:00.003-05:002009-07-06T10:37:50.191-05:00

I'm not good with introductions so I'll just stand up and make it quick.My name is Floyd, and I'm a capitalist.Yes, yes, you can smell the bacon grease dripping from my pores.  You'd sling rotten fruit at me if you didn't think I'd just make a snack out of it or drop in the trough with the rest of the swill and save it for later.  But here's an interesting tid-bit of information for you.Brace

Reverend Floydhttp://www.blogger.com/profile/13282176171478193210noreply@blogger.com4