The 3 Most Important Things You Need To Know To Not Be An Economic Moron

Here are those three things:

  1. Motivation
  2. Motivation
  3. Motivation

Why do you buy one car over another?

Why do you go to one store as opposed to another?

To answer these you need realize only one thing: motivation. You, like no one else, and most especially a communist central planner, know what you want and how much you’re willing to pay to get it. But it’s not always this simple… until you think about it.

Here’s one just a little more challenging :

Why is your government bankrupt?

Did you ever stop to think that every purchase you make is like a vote? Millions of people vote every day with their millions of purchases. They in fact play a small part in determining what is available to them and at what price.

The same thing happens on election day. The big difference is that the vote you cast on election day appears to be free, but the consequences of that vote can be very very expensive. Here’s how it works:

  1. Politician needs to appear as a combination of Santa Clause, Mother Teresa and sugar daddy.
  2. Politician sets up a ponzi scheme to fund your belief that he actually is Santa Clause, Mother Teresa and sugar daddy.
  3. Politician needs campaign cash so he can get the message out that his opponent is an evil and sick individual who really ought to be in prison.
  4. Politician becomes best friends with government unions in return for large donations. He promises union members that they never need experience the same economic calamities as their schmuck taxpayer counterparts.
  5. Politician grows public employee unions thereby growing campaign cash.

What are the motivations of both the politician and the individual who casts a vote for him? You got it: self-interest. It is a powerful motivator. But while political promises may look shiny, wisdom would suggest consulting those motivations informed by long-term consequences.



Filed under Human Nature

3 responses to “The 3 Most Important Things You Need To Know To Not Be An Economic Moron

  1. Greed – Love of money, the root of all evil. Someone important said that once. Also, the big SELF/FLESH that wants to be first.

    • Hi Susan

      Yes. Your comment made me think. I’ll have to do a post on greed. It would seem that greed is assigned only to those who have done well in life, as if those who haven’t are as pure as the wind driven snow when it comes to an inordinate desire for gain. We all ought to, and indeed do, have some desire for gain, and we ought to celebrate when we have profited in some enterprise or endeavor. Unfortunately in this culture profit is stigmatized and shameful. Marx would be proud.

  2. Pingback: Roundup | Eternity Matters

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