“Is Student Debt Cancellation Fair”

Thoughts on a Free Market Economy…“Is Student Debt Cancellation Fair”By Phyllis HunsingerAugust 1, 2019

Student debt cancellation is one of the major issues being advocated by current presidential candidates. Truly it is understandable why this is being promoted in a presidential campaign.Anytime a political candidate can concentrate the benefits of an interest group that may garner some sympathy in the public eye and have everyone else pay for these benefits, votes just seem like easy-picking for the candidates.  This is nothing new in campaigns.

But, is debt …

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Life, Liberty, and Property

Thoughts on a Free Market Economy…

“Life, Liberty, and Property”

By Phyllis Hunsinger

July 1, 2019

Claude Frederic Bastiat was a French economist, legislator, and writer in the first part of the nineteenth century who championed private property, free markets, and limited government. His most famous work is The Law, which is the classic blueprint for a free society.

As July 4th is celebrated in …

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“The Broken Window Fallacy”

Thoughts on a Free
Market Economy…

“The
Broken Window Fallacy”

By
Phyllis Hunsinger

June 1, 2019

The broken window fallacy was first expressed by the great French economist, Frederic Bastiat, born June 29, 1801, and died Decembeer 24, 1850. Bastiat used the parable of a broken window to demonstrate why destruction does not benefit the economy.

In Bastiat’s parable, a young son breaks a pane of glass, meaning the father will have to pay to replace the broken window. The onlookers, and perhaps the boy’s mother, consider the situation and decide …

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Taking Capitalism For Granted

Thoughts on a Free
Market Economy…

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Thoughts on a Free Market Economy…

“Taking Capitalism for Granted”

By Phyllis Hunsinger

May 1, 2019

“Taking
Capitalism for Granted”

By
Phyllis Hunsinger

May
1, 2019

A Harris poll in March, 2019, revealed
61% of Americans aged between 18 and 24 have a positive reaction to the word,
“socialism,” and overall, 39% of Americans are well-deposed toward socialism.

When reading these poll results, several
questions come to mind: (1) Did the respondents have to put down their smart
phones and their cup of Starbucks coffee in order to respond to the poll
questions? (2) Have any of …

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Ignore Economic Principles at Your Peril

Thoughts on a Free
Market Economy…

“Ignore
Economic Principles at Your Peril”

By
Phyllis Hunsinger

April
1, 2019

            The political climate today is overrun with proposals
that sound good to the uneducated; however, there is a cautionary tale to be
told.  Randomly promising free health
care for all, higher minimum wage, a guaranteed income for those unemployed or
unwilling to work, and forgiving student debts are just a few of the campaign
promises of many current day politicians.  
These goodies sound too good to pass up by the seriously uninformed
voters.  But just like you cannot defy
gravity, you cannot …

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Who is Ludwig von Mises?

Thoughts on a Free
Market Economy…

“Who
is Ludwig von Mises?”

By
Phyllis Hunsinger

March
1, 2019

Ludwig Heinrich Edler
von Mises was one of the most notable economists of the 20h century.

One of the fundamental
axioms he popularized was praxeology, which is the science of human action,
that is, that human beings engage in conscious or purposeful actions toward
chosen goals.

According to a
historical biography, Ludwig von Mises was able to demonstrate:

(1)  the expansion of free markets, the division of
labor, and private capital investment is the only possible path to the
prosperity of the human race;

(2) 
socialism would be …

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The Righteousness Fallacy

Thoughts on a Free
Market Economy…

“The
Righteousness Fallacy”

By
Phyllis Hunsinger

February
1, 2019

Dr. Bo
Bennett described the Righteous Fallacy, also known as the fallacy of good
intentions, as the idea that one is correct because their intentions are pure.

Throughout history this fallacy of good intentions may be observed, but nowhere is this fallacy demonstrated more succinctly than the 1965 War on Poverty.  As evidenced by data, not only did this infamous government program not end poverty, it exacerbated the problems associated with poverty.  The policy of single mothers receiving monetary assistance which …

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Economic and Demographic Starvation

Thoughts on a Free
Market Economy…

“Economic
and Demographic Starvation”

By
Phyllis Hunsinger

January
1, 2019

Thoughts
in the December, 2018 blog examined the relation between the economy and
population as explained in “When the Boomers Bail,” by Mark Lautman.  Economic development is about growing the
economy faster than your population.

With an
influx of illegal immigrants, the population in many areas of the U.S. will see
economic development diminish precipitously because the population will grow faster
than the economy.  Lautman identifies
economic starvation in his quote, “Every year local government institutions,
businesses, and households have to serve more people with less …

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Economy and Population

Thoughts on a Free Market Economy…

“Economy and Population”

By Phyllis Hunsinger

December 1, 2018

            Currently the wave of illegal immigrants is in the news.  To storm the borders of a country, ignoring the laws of legal immigration, amounts to an invasion by foreigners; however, some argue the increased population will enhance the economy.  Is this true?

            As Mark Lautman, in his book, “When the Boomers Bail,” said “Economic development is about growing your economy faster than your population, or E>P, when E = Economy and P = …

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Creating Wealth

Thoughts on a Free Market Economy…

“Creating Wealth”

By Phyllis Hunsinger

 

       Sometimes a phrase about economics is bantered about: “The rich are getting richer, and the poor are getting poorer.”  As Chelsea German pointed out in her article on “The Fixed Pie Fallacy,” the rich are getting richer, but the poor are getting richer as well. Not only has the income improved for the poorer segment of society, the purchasing power has increased because of falling prices.  Technology has become cheaper and so have many …

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