Thursday 24 January 2008

US economy going down?!

Probably you all have heard whispers about economic recessions in US which can be spread to the rest of the world very fast. In a quick response Federal Reserve of US has cut the interest rate for 75 point(The greatest amount I heard in recent years) and speculators are betting that the European Central Bank and the Bank of England will soon be forced by a deteriorating economy to cut interest rates themselves.
I was watching a great show called "Daily show" and I saw that one of the guests was talking about Adam Smith and free market. Among his words there are some points about US budget, war and its effect on US economy and etc. I decided to post it since it shows how US is struggling to avoid recessions.(I'm not making this post too much scientific)


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3 comments:

Anonymous said...

Hello, Please allow me, Dr. Darian Lance Smith, to introduce to your readers an idea that I believe will change the world: The Profit-sharing Tax Credit.
The book on the topic is free of charge, in e-book format, at www.profitsharinguprising.com
The “forward” in the book is written by John Huddleston, former
Budget and Planning Director at the International Monetary Fund.
This tax credit will allow businesses to plow up to 25% of net profits back to employees,
instead of to the government, before business or government
can misuse it.

This is the missing link of both liberal and conservative economic theory.
Please refer your readers to my website. This is a concept which will
Unite both conservatives and liberals, business-owners and workers. Our polls show that so far, 100% of business owners state that they would participate in such a voluntary tax credit.
We welcome you to do your own poll among business leaders.
It is not a major overhaul of our tax system. It is a minor tweak to the current system that can bring about major economic benefits.
It is a built-in economic stimulus program that will:

1.increase supply as well as demand,
2.increase jobs and employment (at all educational levels)
3.improve economic productivity nationwide
4.change poor-paying jobs into “partnership positions”.
5.re-distribute a fair share of wealth to the people who EARN that wealth.
6.save taxes for business, & allow them to plow the savings back in to their own business.
7.widen the tax base and enhance revenues (over time) without raising taxes,
8.reduces dependency on government safety net programs,
9.yet increases safety net coffers (Medicare and SS)
10.makes the government more lean and efficient,
11.makes self-sufficiency easier to achieve “on-the-street”,
12.thereby competing with the “guns and drugs” underground economy,
13.dissipates divisive political rhetoric
14.refines capitalism to be the attractive global model it was meant to be,
15.restores moral leadership to the American vision of economic democracy,

The Profit-sharing Tax Credit is “Positively” Revolutionary!
It is only a matter of time until it is widely discovered, and it will change the world because it is the only thing we haven't tried yet, and someone of influence will, sooner or later discover this book.
This is more powerful than any one person.
I appreciate your consideration of my website as a link on your site, and I offer this
idea for discussion on your blog. I am available for web, written and radio interviews.
This is a nonpartisan, nonprofit effort for positive change for us all.
Darian Lance Smith

26 January 2008 at 19:31
MartynStrong said...

Capital markets are unstable. In the past there was no way to make them stable. But today we have computer power that can be used to make them stable. By using the greater computer power of today we can have a much higher turn over of capital in the capital market. This higher turnover will make the market harder to game or control and the market will no longer have the unstable run ups or declines. Who can change or control the market when say 20% of the capital is trading each day. So now that we have the compute power to provide for all these transactions that will smooth out the market how to we force people to turn over at a rate of 20% a day? Easy, put a cap gains tax of 0% (zero) on all gains of 7 days or less and put a cap gains tax of 90% of all gains of more than 7 days. The likes of Yahoo, Micosoft and/or Sun Micro Systems will give us the systems that will provide automated software agents to support turning over one's investments every 7 days (based on the specs you give the agent). A system like this will make the financial markets work as smoothly as the local fruit market.

21 January 2009 at 18:51
Anonymous said...

There is a new, and emerging paradigm which is coming close to basic completion. At first you will find it stupid...I have no doubt but if you study it fairly, and properly you might reach more intelligent "conclusions." It is called Transfinancial Economics, or TFE (p2pfoundation entry ref).

Click on my name to find out more.

26 February 2009 at 13:30

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