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America's Economic Myths - David Saied

America's Economic Myths - David Saied
"The Olympian gods" Nicolas-André Monsiau (1754–1837) Mainstream economists and so-called experts have filled the minds of most Americans with many economic myths that are constantly reinforced by the media and repeated on the streets. These myths are erroneous at best, sometimes based on half truths. The majority of them are just false. We read and hear them every day: "inflation" is caused by rising oil prices; consumption is the most important element for economic growth; low interest rates are helpful to the economy; government expenditures help "stimulate" the economy; there is an energy "crisis," and many others. Inflation and Energy Myths Inflation — or, rather, the general rise in prices[1] —and the increase in energy prices are issues that have always created numerous economic myths.The following are some of the most common ones. Myth # 1: "Dependence on Foreign Oil" This myth basically suggests that the problem with oil prices is due to America's "dependence" on foreign oil. Note Related:  Economy

Symbols and their meaning SYMBOLS and their Meaning Introduction Occult symbols are fast replacing Christian symbols in our culture. Therefore, we encourage you to use this list to warn others, especially Christian children who intentionally wear and display them because they are popular. Keep in mind that some of these symbols have double meanings. For example, the pentagram has been used to transmit occult power in all kinds of rituals for centuries, but to Christians the same shape may simply represent a star -- a special part of God's creation. The image of a fish may mean a sign of the zodiac (astrology) to some, but to Christians it has meant following Jesus and sharing the message of His love. As our nation slides back toward paganism, God’s people need to understand the increasing influence, trickery, and cruelty of the evil one – while always thanking and following our God, whose power is far greater. Learn more about symbols at: Halloween Symbols | Teletubby Symbols | Comments on symbols

The global debt clock untitled September 2009 If I tell someone I am a financial mathematician, they often think I am an accountant with pretensions. Since accountants do not like using negative numbers, one of the oldest mathematical technologies, I find this irritating. A roll of the dice I was drawn into financial maths not because I was interested in finance, but because I was interested in making good decisions in the face of uncertainty. The average value of rolling a dice converges to the expected value of 3.5 when the dice is rolled a large number of times. With the exception of Pascal’s wager (essentially that you've got nothing to lose by betting that God exists), the early development of probability, from Cardano, through Galileo and Fermat and Pascal up to Daniel Bernoulli, was driven by considering gambling problems. Measure theory Building on Jacob Bernoulli’s work, probability theory was developed by the likes of Laplace in the eighteenth century and the Fisher, Neyman and Pearson in the twentieth.

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Learn Japanese Online for Free - it's fun with easy flash quizes! The Case Against the Fed Money and Politics By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. The CIA and other intelligence operations are under control of the Congress. It is little known, however, that there is a federal agency that tops the others in secrecy by a country mile. Thus, when the first Democratic president in over a decade was inaugurated in 1993, the maverick and venerable Democratic Chairman of the House Banking Committee, Texan Henry B. It was to be expected that Fed Chairman Alan Greenspan would strongly resist any such proposals. On the face of it, this presidential reaction, though traditional among chief executives, is rather puzzling. The standard reply of the Fed and its partisans is that any such measures, however marginal, would encroach on the Fed's "independence from politics," which is invoked as a kind of self-evident absolute. So there we have it. 1.

Profit efficiency Profit efficiency is a macro-economic concept used in assessing whether an economy, industry or supply chain is expending an optimally balanced level of rent for the use of capital. Economies where too much profit is being extracted are over-paying the owners of capital at the expense of other contributors to a productive economy or industry. Economies and Industries that provide insufficient returns to the owners of capital should find that capital is moved to alternate investments where the return is greater. Profit Efficient economies and industries are paying the minimum profit to owners of capital required to maintain the optimal level and distribution of capital investment. From an investor's perspective, profit efficiency is turned on its head from that of the macro-economic perspective.

How I Make Thousands of Dollars Per Month Online 183 Comments 7 minutes Unless you’ve read Cloud Living, you probably have no idea how I make money online. My about page makes it clear that I do make a great living from the internet, but I’ve never wrote about how. Until today. I’m not going to claim my process is anything new, because there were people using similar methods for a long time before me. My first major website made money through contextual advertising (Google Adsense) and selling ads on a CPM (cost per 1,000 impressions) basis. I’ve started websites from scratch, quickly built them to 50,000 visitors per month, and then sold them on for an easy profit. There are many more ways to make money online, but the process that generates most of my income is simply this: I direct search engine traffic to landing pages, and then send that traffic to product pages as an affiliate. If someone buys a product on the site I sent them to, then I make a commission. I’ve just given you a quick overview, so let’s get into the specifics.

Did you know Policy pointers Tendency of the rate of profit to fall The tendency of the rate of profit to fall (TRPF) is a hypothesis in economics and political economy, most famously expounded by Karl Marx in chapter 13 of Das Kapital, Volume 3. Although no longer accepted in mainstream economics, the existence of such a tendency was more widely accepted in the 19th century.[1] Karl Marx on the TRPF[edit] Simply put, Marx argued that technological innovation enabled more efficient means of production. Physical productivity would increase as a result, i.e. a greater output (of use values, i.e., physical output) would be produced, per unit of capital invested. Simultaneously, however, technological innovations replaced people with machinery, and the organic composition of capital increased. So Marx regarded this as a general tendency in the development of the capitalist mode of production. There could obviously also be several other factors involved in profitability which Marx did not discuss in detail,[11] including: Crisis theories[edit] See also[edit]

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