All Lessons

All Lessons

Libertarianism Basics

#1 - Non-aggression principle and victimless crimes “How would a libertarian society address drug addiction, public services, caring for the poor, or reckless businesses? #2 - Free-market economics - libertarians prefer laissez-faire capitalism over government...

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Correlation Between Money and Happiness

I found this post on Bloomberg interesting. It supports the belief that having money is important for many reasons, including happiness. Having money takes worry out your life. It takes money to live so having it is important. Here is that post. We need to discuss...

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Hayekian behavioral economics

In a recent post, Cass Sunstein suggested that Behavior Economics somehow invalidates F. A. Hayek.  I disagree.  Using Fractal Thinking, Behavior Economics is perfectly aligned with Hayek and other important economic thinkers like Adam Smith....

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Behavioral Economics

What Is Behavioral Economics? Behavioral economics is, in a way, at the intersection of economics and psychology. In fact, the "behavioral" in behavioral economics can be thought of as the analog of the "behavioral" in behavioral psychology. On one hand, traditional...

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Fractal Markets Theory

Fundamentals Of Fractal Markets Theory< In the wake of the 2008 financial crisis, many have challenged the dominant economic theories and perspectives on markets. The Efficient Market Hypothesis (EMH) in particular has fallen short in explaining the crisis. According...

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I, Pencil

The activities for Economics in One Day are developed around the themes of Leonard E. Read’s classic essay, ‘‘I, Pencil.’’ ARTICLE: I, Pencil: My Family Tree - Leonard Reed (FEE.org) [http://at.fee.org/1yAq6Jf] ‘‘Not a single person in the world knows all the...

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Hayek – Central Planning

This is not a dispute about whether planning is to be done or not. It is a dispute as to whether planning is to be done centrally, by one authority for the whole economic system, or is to be divided among many individuals. From The Use of Knowledge in Society.  

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I, Pencil

The Story of I, Pencil The activities for Economics in One Day are developed around the themes of Leonard E. Read’s classic essay, ‘‘I, Pencil.’’ ARTICLE: I, Pencil: My Family Tree - Leonard Reed (FEE.org) [http://at.fee.org/1yAq6Jf] ‘‘Not a single person in the world...

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Adam Smith – All Quotes

“No human wisdom or knowledge could ever be sufficient [for] the duty of superintending the industry of private people..." “[Governments are] ...without exception, the greatest spendthrifts in the society.” “The agents of [government] regard the wealth of their master...

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Fractal Politics

Fractal Politics “The rise of fractal politics” was first submitted to the Nine Dots Prize in response to the question, “Are digital technologies making politics impossible?” The essay was written as a thought piece prior to the announcement of the 2017 UK General...

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Tariffs Are Taxes – Larry Kudlow

| Posted: Mar 06, 2018 12:01 AM Editor's note: This column was co-authored by Arthur B. Laffer and Stephen Moore. One of the ironies of trade protectionism is that, with tariffs and import quotas, we do to ourselves in times of peace what foreign nations do to us with...

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Fastest Growing Occupations

Fastest growing occupations: 20 occupations with the highest percent change of employment between 2014-24.   Wind turbine service technicians - 108% - $51,050 per year Occupational therapy assistants - 43% - $57,870 per year Physical therapist assistants - 41%...

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America needs a national dialogue to heal our political battle wounds

More specifically, “In 2016, Pew reported that 45 percent of Republicans and 41 percent of Democrats felt that the other party’s policies posed a threat to the nation.” Democrats and Republicans tended to view people who supported the other party as “exceptionally...

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Voting While Black: Georgia Edition

FiveThirtyEight published an article by Patrick Ruffini titled Black Voters Aren’t Turning Out For The Post-Obama Democratic Party. In his piece he argued that the lack of black turnout in Georgia’s 6th Congressional District primary could be a politically disastrous...

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Trump Supporting Convenience Store Is Offering $50,000 Bounty For Kathy Griffin’s Head

Tweet A convenience store in Tennessee is featuring a scrolling digital sign outside the gas station offering $50,000 for Kathy Griffin’s head. Lewis Country Store’s Facebook page is littered with controversial messages in an attempt to garner attention. The store’s...

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Wisconsin bill that would expel or suspend students who disrupt speakers moves forward

This feeds the narrative that we are moving more to the "Alt-Right." MADISON, Wis. (AP) – Assembly Republicans moved closer to creating tougher penalties for University of Wisconsin student protesters Tuesday, advancing a bill that would suspend or expel students who...

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Religious Lessons from the Handel-Ossoff Campaign

I find this post from a Christian Media Outlet to be very important. I particularly thought the following quote interesting. Political candidates have proven they are able to motive their colleagues to strategize, work, and give to accomplish their goals more than the...

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Taxes Are Not Theft – They Are Dues

Taxes are not theft, they are dues.  They are dues to belong to the community.  They are dues to maintain the common infrastructure required for the community to thrive. Dues are not theft because if you don't want to pay the dues to belong to the community you are...

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Business Management

Change - Complex systems are in a complex state of flux.  Focus on what you can control.  Do not become attached to one way to do something.  Small independent book stores gave way to Barnes and Nobel and other big box book sellers.  Then then gave way to Amazon....

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