Day 84: Fiscal Policy and the Budget

So - what tools does the government have available to intervene in the economy? These tools are: - Government spending - Taxation - Borrowing Every government specifies how they will make use of these tools in the budget. So - the budget will reflect a government's policy in terms of what types of results they wish to achieve and how they will practically do that. The main points that are given attention within the budget are government spending...

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Day 83: Nationalisation and Privatisation

Nationalisation Nationalisation refers to the transfer of ownership of an industry/sector/company to the government. It then becomes publicly owned. Most 'conservative' economists have a consus that nationalisation most of the time works as a synonym for 'economic failure'. The reasons why will become clearer as we look at the point of Privatisation. Privatisation Privatisation refers to the opposite of nationalisation, where the transfer...

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Day 82: Government Failure

Previous blog-posts would have made it clear by now that the market is not perfect and never will be - and this is something many economists are willing to admit. However, they believe that governments are able to 'adjust' the market when necessary through acts of intervention. Within this blog-post we're having a look at the problems related to government intervention, or otherwise: 'government failure'. In terms of government failure, let's...

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Day 81: The Role of Government in the Economy

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Day 80: Monetary Policy - Part 3

I commit myself to educate people in what money currently exists as and showing that money itself is a scam and that those who benefit from the scam are obviously not the 'common man', but the few elitist groups such as bankers who are able to suck all the money towards themselves while ripping the common man from his money, his car, his home, his children's tuition fees and all that's required to live a dignified and fulfilling life. I commit...

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Day 79: Monetary Policy - Part 2

I forgive myself for accepting and allowing myself to think that it is normal that banks are able to lend out money they don't have and, on top of that, charge an interest fee - which means that, when the bank wants to collect money owed to it - it will receive funds from various different individuals plus interest - and as such sucking all the funds towards itself, out of people's wallets.I forgive myself for accepting and allowing myself to think...

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Day 78: Monetary Policy - Part 1

Now that we know what is involved with the supply for money and the demand for money - let's have a look at one of the policies used to influence the money supply in a certain economy. Note that there are several policies, but we limit the discussion here to the accommodation policy. Accommodation policy In The Demand for Money - Part 1 it was mentioned how the interest rate will influence the demand for money. If the interest rate goes up -...

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Day 77: The Demand for Money - Part 3

I commit myself to establish a world economic system whereby the Demand for money is equalized among all Living Beings -- where one has the right to Money based on Life I commit myself to expose that Economics is not scary at all, as all it is, is a bad joke using foreign terms -- which in itself are also jokes -- as this economic system we currently live in and as, is not real -- as it values illusion over reality and is willing to sacrifice...

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Day 76: The Demand for Money - Part 2

I forgive myself that I have accepted and allowed myself to create an economic system which only cares about the small segment of the population that has wealth of receives an income I forgive myself that I have accepted and allowed myself to have created an economic theory which will only explore mechanisms and dynamics within the realm of those with money -- while leaving half the population out of the game just because they don't have...

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Day 75: The Demand for Money - Part 1

Within the previous blogs, we've looked at the Supply side of Money [Day 71: The Money Supply - Part 1, Day 72: The Money Supply - Part 2]. Within this blog we'll be looking at the demand side of things. At any point in time, people can hold their wealth in various different forms, such as 'real assets' with include things such as property, "valuable items" such as paintings, rare carpets, antiques, etc. and 'financial assets'. Within financial...

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Day 74: The Money Supply - Part 4

I commit myself to design an Economic System that allows and assures a stable life for each one, as the value of money stands equal to life - and thus, a system that one can actually trust, a system that is an actual platform of support for life to flourish. I commit myself to reverse my trust - from placing my trust in an economic system of instability, chaos and inequality - to an economic system of stability, transparancy and equality, a system...

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