Cost based pricing vs. Value based pricing – How naive are you about economic justice?

I believe the heart of the misunderstandings about economic justice and fairness is a misunderstanding about what a price is. Many people on all sides of the political spectrum have passionate views about economic justice and what this represents? It determines who to vote for and how the economy should develop. The central question is …

Mitt Romney’s economic plan

Do not read journalist’s critiques of Mitt Romney’s economic plan by papers like the New York Times or the Huffington Post. They will only give you partial gobbledygook. Read my critique of he economics of Mitt Romney. In one clear, crisp concise statement ‘Romney is free market but uses economic incentives to encourage productivity and …

Is capitalism ethical

In our genes are is encoded from the beginning of evolution the idea of survival of the fittest. When humans were becoming modern between 200,000 years and 50,000 years ago in Africa, only the strong survived. This is found and imprinted in our DNA . However, people have extend this idea of Darwinism to the economic …

Treasury Vs. Federal Reserve

What is the difference between the US Treasury and the Federal Reserve? The reason I wrote this post is, there is a lot of emotion and confusion circulating both about the role and the raison d’être for the central bank and the Treasury. The underlying premise is a government monopoly on the money supply is …

How to fix the US economy

GOP and Democratic economic fixes do not impress me at this juncture. Why? They are about slowing the leak not fixing the hole. Anyone who understand how to solve the economic woes of the USA are nit picked and labeled as fringe. Even respected economists debate in their ivory towers while the ship is still …