Showing category "ECONOMICS" (Show all posts)

FULL EMPLOYMENT

Posted by Kenneth G. Katrensky on Thursday, October 4, 2012, In : ECONOMICS 
Since the invention of the lever, wheel, machinery, computer and robot, government, for reasons beyond my comprehension, still seems preoccupied with putting us all to work. Is not the purpose of all this equipment to eliminate work or jobs and make life easier?

Shouldn't the emphasis be  just that? Technology with the wealth it produces is a common inheritance from which all, not only the rich, should benefit.  
 
There is no shortage of real wealth (goods and services). Poverty is a myth - an ...
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ECONOMICS IN ONE LESSON

Posted by Kenneth G. Katrensky on Tuesday, February 1, 2011, In : ECONOMICS 
Economics, I think, is a subject that has been deliberately mystified in order to maintain the status quo; that being - the rich get rich and the poor get poorer. Actually, it is not that much more complicated than managing the money in your pocket.

All money comes into existence as a loan to be paid back to the financial institutions (banks) with interest. When you take out a loan the money pops into being. When you pay it back it pops out of existence. Dollar bills? The same thi...

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Hi, I'm an older fellow, semi-retired, published author with religious leanings (catholic dude). I like good food and a drink now and then. Vancouver has been my place of residence since 1980 - the weather suits me. My home town is Winnipeg (Winterpeg) and I speak with a southern Manitoba drawl. I hope you find my website interesting and useful. Feel free to ask questions and constructive criticism would be welcomed. I've also done some writing on economics if you'd care to discuss.
 
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