Economics of 'Trickle Down' Have Failed US
I'm traveling and have been since Wednesday.
Today I read an article from the Springfield Missouri News-Leader that pretty accurately describes the flaws of the "Trickle Down" economics Republicans have advocated since the early 1980s.
One of the lines from my book is that ours is an economy fueled by greed and that greed must be regulated or we will have disaster. This article pretty well details some of those disasters.
Economically, we need to get back to some of the principles Steven Covey describes in Seven Habits of Highly Effective People. Especially this one. If you watch a farmer do their work, then you note that the farmer works in conjunction with nature. The farmer knows that if he or she doesn't plant well in the spring, then they will have no harvest in the fall. There are no shortcuts with nature. There is no cramming or manipulation (other than, pivot irrigation systems.) Even with irrigation, you still have to do the work of watering.
One of the reasons we have the issues we're having right now are the economic manipulations of supply side economics.
Here is a link to the article.
http://www.news-leader.com/apps/pbcs.dll/article?AID=/20080711/OPINIONS02/807110320/1006/OPINIONS
Today I read an article from the Springfield Missouri News-Leader that pretty accurately describes the flaws of the "Trickle Down" economics Republicans have advocated since the early 1980s.
One of the lines from my book is that ours is an economy fueled by greed and that greed must be regulated or we will have disaster. This article pretty well details some of those disasters.
Economically, we need to get back to some of the principles Steven Covey describes in Seven Habits of Highly Effective People. Especially this one. If you watch a farmer do their work, then you note that the farmer works in conjunction with nature. The farmer knows that if he or she doesn't plant well in the spring, then they will have no harvest in the fall. There are no shortcuts with nature. There is no cramming or manipulation (other than, pivot irrigation systems.) Even with irrigation, you still have to do the work of watering.
One of the reasons we have the issues we're having right now are the economic manipulations of supply side economics.
Here is a link to the article.
http://www.news-leader.com/apps/pbcs.dll/article?AID=/20080711/OPINIONS02/807110320/1006/OPINIONS
On Trickle-down Economics
What would you propose as a better alternative?
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Jim,
The basic principle we need to function by is that we not spend more than we take in and/or that we maintain some sort of debt/revenue ratio that will preserve the value of the dollar and lower the risk of inflation.
Human beings, because they get older and become physically lesser able to perform and earn money in the marketplace should strive to enter their older years with minimal debt and a source of funding to sustain themselves with minimal physical effort.
Governments and other business entities do not physically age, so (unlike humans) they can better have and tolerate debt perpetually. The less debt they have, though, the better.
What are your thoughts?
Larry
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