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Economics Utilitarianism

A World Run By Economists

If only economists could run for office, the the compound interest on more efficient resource allocation, would have produced a utopia with flying cars by now.

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Economics

How to Identify the Bottom of a Stock Market Correction

This chart shows when the cost of the average stock (the S&P 500) exceeds its underlying value (corporate profits after taxes).

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Empiricism Tools Utilitarianism

Felicific Calculus

The felicific calculus is an algorithm for calculating the degree or amount of pleasure that a specific action is likely to cause.  The algorithm is also known as the utility calculus, the hedonistic calculus and the hedonic calculus. Variables, or vectors, of the pleasures and pains included in this calculation, which Bentham called “elements” or “dimensions“, were: Intensity: How strong is the pleasure? Duration: How long […]

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Economics GDP Government Spending

Get Society Rich Quick: The Ideal Level of Government Spending

It is commonly claimed that government spending is good for the economy, but the statistics show the opposite.  Most recent studies find a negative correlation between total government size and economic growth. Why is economic growth important?  Because wealthier societies are generally happier societies. No matter how good things get for us, we always want more. Human beings want […]

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Government Spending Podcast

GOP Presidential Candidates’ Budget Plans EXPOSED!!!

GOP Candidate Ron Paul has produced a detailed budget containing over $1 trillion in first-year reductions. Mitt Romney, Rick Santorum, and Newt Gingrich have only indicated that they would attempt to repeal Obamacare saving an average of $20 billion a year.

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Congress

Unrepresentative Democracy – Government by the Millionaires and for the Millionaires

Our representative government is not socioeconomically representative of the governed. These bitches be gettin’ paid! This begs the question, why so little bling on capitol hill? Unrepresentative Democracy Please share your thoughts in the comments section!    

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Debt Economics Federal Reserve Financial Sector Housing Bubble

Housing Bubble Wastes $2 Trillion on 14 Million Empty Houses

Empty houses in the US = 14 million. Median Home Price = $160,000. Money Wasted on Building Unneeded Homes = $2 trillion. Why would Americans be so dumb as to build 14 million houses they didn’t need?  The two primary reasons we built too many houses are: The United States spends more than $100 billion annually to subsidize homeownership.  The mortgage […]

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Corporate Welfare

Voters See ‘Corporate Welfare’ Programs As A Good Place To Cut Government Spending

15% of likely U.S. voters think the federal government should continue to provide funding for foreign countries to buy military weapons from U.S. companies. Seventy percent (70%) oppose this funding to promote U.S. arms sales.

Categories
Debt Taxes

Debt Will Swell Under Top GOP Hopefuls’ Tax Plans

The national debt would balloon under tax policies championed by three of the four major Republican candidates for president, according to an independent analysis of tax and spending proposals so far offered by the campaigns. The lone exception is Texas Rep. Ron Paul, who would pair a big reduction in tax rates with even bigger cuts in government services, […]