Category: Government

Five areas are the focus of my attention and interest.

Overall principles, Constitution, Economic Policy, Foreign Affairs, Politics

Creative Destruction and the Social Contract

We are rightly proud of the economic achievements capitalism and hard work has brought to the US, but free market capitalism is not a flawless mechanism. I have posted elsewhere about income inequality. Here I want to focus on a flaw in creative destruction.   Here’s the definition from MIT economics. Creative destruction refers to…

Frequency of Messages – Impact

A crucial consideration is that mass media channels promote associations between political persons, issues, and value judgements. Do the reflect your realistic assessment? Is the volume of repetitions in agreement with the importance of the association?

Missing Side of Budget Debates

Net worth

(Text, originally composed in 2005) Every year, all year, we hear about the United States federal deficit (this was written only three years ago and, although happily the yearly budgetary deficit is gone, the exclusive focus on the yearly income-outgo budget is still a flaw). The federal budget is worth serious and sober discussion, but…

Republican Tax Cut GDP Impact

Consumption by household income level

Only part of tax reduction flows through to GDP growth. There are two main components to investigate—increase of spendable income to households and increases to businesses. Purpose of Republican Tax Bill The question that a tax bill should answer is – will tax cuts help or hurt residents of the country, not does it right…