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Robert Hamill

Burning Thoughts

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    Tag: Free Market

    Bitcoin, should it be in your portfolio?
    Economics

    Bitcoin, should it be in your portfolio?

    2 Comments

    Updated Dec 19, 2022. Bitcoin trades at $16,700., down from $60,000 in early 2021.

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    Good For One
    Economics

    Good For One

    1 Comment

    A single action may seem good for us, but if everyone does the same, the result is bad.

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    Invisible Hand
    a_econ Economics

    Invisible Hand

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    When media analysts claim that the free market and the Invisible Hand always arrives at the best answer, try to recall the need for competitive markets and their constrained scope.

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    Free Market
    Economics

    Free Market

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    The Free Market cluster focuses on relationships between the free market, the operation of the Invisible Hand, and the fallacy of composition.

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    Government Economic Policy Importance
    Economics Government

    Government Economic Policy Importance

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    The selection of projects of national interest and the spending to accomplish them affect the nation's GDP more than any single corporation.

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    The Invisible Hand’s Scar
    Economics

    The Invisible Hand’s Scar

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    We all pay more for less when enterprises violate the integrity of the free market.

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    Law of Selfish Action
    Economics

    Law of Selfish Action

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    A selfish action by one person may be good for that person, but if all people make the same decision - it can be bad for everyone.

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    Fallacy of Composition
    Economics

    Fallacy of Composition

    1 Comment

    It’s easy to overlook, if everyone makes the same choice, the entire system changes.

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    Design without a Designer
    Economics Government Science

    Design without a Designer

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    Our very, complex economic system has a design without a designer.

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    Creative Destruction and the Social Contract
    Economics

    Creative Destruction and the Social Contract

    1 Comment

    Financially arranged consolidation is not creative destruction. It is the transfer of assets without pension responsibility

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