Following Classical Economics

Classical economists; such as Adam Smith (The Wealth of Nations, 1776), Jean-Baptiste Say (A Treatise on Political Economy, 1803), James Mill (Commerce Defended, 1808), David Ricardo (Principles of Political Economy and Taxation, 1817), John Stuart Mill (Principles of Political … Read More

A Statistical Overview Of American Households: Part 4, Positioning

Financial advisor Michael Shedlock observed: with inflation as a primary tool of the government (Federal Reserve specifically),[1] those with first access to money – particularly fiat money – are simply in a much better situation to profit during the artificial boom cycle prior … Read More

A Statistical Overview Of American Households: Part 3, High Income vs. Low Income?

Another measure of income born from the Great Recession is the employment-population ratio, which is the “statistic[al] measure [of the] economy’s ability to provide jobs for a growing population…” which answers the question, “What proportion of the working-age population is … Read More

A Statistical Overview Of American Households: Part 2, The Great Recession

While recessions, particularly the Great Recession, have proven to be financially crippling to both the top percent and bottom percent of citizens, the former is usually able to recover much quickly—and at a higher rate as well.[1] This relates directly back … Read More

A Statistical Overview Of American Households

The 2014 report from the Congressional Budget office shows how the federal income tax is very progressive.   Households in the lowest quintile for income pay around $500 in federal taxes, with the middle quintile paying about $7,000, and … Read More

What Does It Mean To Be American Poor?

Recent research has shown American poor are nothing at all like the poor throughout the history of the world, as well as nothing like the poor in the United States even only 50 years ago. In fact, a report … Read More

A Review Of The Gini Coefficient

In a review of the Gini coefficient, economists Stephen Moore and Richard Vedder found there are some significant differences with the Gini coefficient because of how states are managed through policies. Moore and Vedder noted, “The income gap between … Read More

Income And Life Damage On The Homefront

One of the most significant impacts on income inequality over the last 50 years has been the dramatic change in single mother households. From 1960 to 2011, the number of single mother households has shot from 7.3 percent to 25.3 … Read More

An Unnecessary Concern About Income Inequality

A concern with income inequality is that the gap between the top 1 percent income earners and the bottom 99 percent has become astronomically wider since the 1970s – increasing by 275 percent from 1979 to 2007.[1]  This data … Read More

No Longer Operating Under The Original Intent

In essence we are no longer operating under the Original Intent of the founding of this country. Since subtracting wealth from the top and adding it to a lower level is mathematically a zero net gain, the economy does not … Read More

A Simple Math Model And The Numbers

In the later part of the 20th century and on into the 21st century, the claims of wealth inequity run rampant. But is this the case; and, if it is the case, is it destructive to the Great Experiment – or to … Read More

Sir William Blackstone And Equality

The great English jurist, Sir William Blackstone, warned vigorously, as did Brutus, in Anti Federalist Nos. 78-79, that given too much jurisdiction on equality over the States, the Judicial Branch would reach and take power as another legislative branch. In fact, … Read More

The Destructive Obsession With Equality

Today in the United States there are many who not only push for “equality” but actually work to force it on all citizens but themselves. The Founders embodied equal rights, not equality, yet collectivists continue to demand equality. Economist … Read More

The Founding Fathers Understood

In his book, The 5000 Year Leap, W. Cleon Skousen illustrates the Founders’ acknowledgment of the linkage between “inequality thru equity” and security:

The American Founders recognized that the moment the government is authorized to start leveling the material possessions of … Read More

Ignorance Or Evil?

So will the Central Planner be able to come in with the answer to issues and be able to persuade all parties that it is fair? Of course not! It would require a level of totalitarianism to enforce such … Read More

Equality Of Outcome Is Marxism

It is absolutely absurd to try to have some central authority managing the exchanges and outcomes of Americans in order to achieve equality.  It is extraordinarily better to allow the “impersonal forces,” as economist Friedrich Hayek describes them, to impartially … Read More

Centralized Efforts Are Absurd

In his masterpiece Democracy in America, Alexis de Tocqueville’s dismissal of centralized efforts to improve inequality is at the center of his thesis and his observations of America and the American people. He opens his treatise — in fact, the … Read More

Constitution Of Liberty

In his book, The Constitution of Liberty, Austrian economist Friedrich Hayek disclosed that, “Not only has liberty nothing to do with any other sort of equality, but it is even bound to produce inequality in many respects. This is the … Read More

A Fool’s Errand

Franklin Roosevelt’s tone and message in his second inaugural speech revealed his collectivist direction of social justice and wealth redistribution. Lord Acton squarely refuted this practice and revealed its strangulation of freedom and liberty – its opposition to American Exceptionalism. … Read More

The Only Good Economic Model

In essence the only good economic model and practice has God at the center; God’s Law, which is the Natural Law of economics. The American Union developed this understanding and behavioral pattern in the 1600s and 1700s. The Puritan clergy … Read More

Real Shining City Economics

An inflationary economy is absolutely unnecessary and results in immense damage to the wealth created by a free-market. In fact, a price deflation economy can be an extraordinarily healthy economy.[1] This was the very economy of the United States during … Read More

Thwarting The Wickedness

While Presidents Harding and Coolidge thwarted the wickedness of the Wilson administration for a period – during a time of robust growth and prosperity in American history – the disease had already infected the original economic Intent.  What began to … Read More

Infractions Of The Economy

The infractions of the economy since the installation of the Federal Reserve came from a variety of government interventions with the Fed being one of the most, if not the most, powerful of these intervention mechanisms. In fact, Dr. Christina … Read More

Without Gold There Is Debasement

A central bank, like the Federal Reserve, without a gold (commodity) based currency, can issue paper money or credit at its whim. This action debases the value of the currency, which directly destroys the wealth of most citizens, but allows … Read More