Tag Archives: economics

Baraconomics

Stimulus Package: 1 Trillion Dollars New Taxes: 1 Trillion Dollars Net Gain: zero What do you call taking a trillion dollars from some and giving a trillion to others? Redistribution of wealth. Federal Deficit as of today: 10.8 Trillion Stimulus … Continue reading

Posted in Rick's Old Blog | Tagged , | 4 Comments

Economic Parables Part 4 – Product Value

Let’s modify our last exercise and move from a one time trade, into an ongoing series of trades. (please note I have no idea about birth rates and growth of baby animals, so correct me if you know) John still … Continue reading

Posted in Rick's Old Blog | Tagged , | 3 Comments

Economic Parables Part 3 – A Saturated Market

John raises chickens. He has 4 chickens, but he wishes to eat steak. Bill raises cows. He has 3 cows, but wishes to eat chicken.  John offers 2 chickens for 2 cows. Bill refuses as he would have 1 cow … Continue reading

Posted in Rick's Old Blog | Tagged , | 1 Comment

Economic Parables Part 2 – The Most Basic Trade

Our nation is expanded to 2… The most basic trade John raises chickens. He has chickens, but he wishes to eat steak. Bill raises cows. He has cows, but wishes to eat chicken.  John trades 1 chicken to Bill for … Continue reading

Posted in Rick's Old Blog | Tagged , | 2 Comments

Economic Parables Part 1 – A Flat Market

In order to understand economics, it is helpful to think on a small scale. I’m hoping to build simple modelfor all to understand. I will build upon this model and I encourage feedback, why, and what-if questions. I make no … Continue reading

Posted in Rick's Old Blog | Tagged , | 4 Comments

What is the correct response to the financial crisis?

Investment banks have collapsed, Congress has not passed the bail out package and the markets have tanked even more. In the Presidential debate Obama said the following in response to the free market policies of the last 8 years and … Continue reading

Posted in Rick's Old Blog | Tagged , | 4 Comments