Wealth Creation and the Principle of Production

Prentice Jones, November 9, 2011

Wealth, created by businesses and the individuals who work in the businesses, is added to the economy. An excess of wealth in the hands of some does not represent a loss of wealth in the hands of others who have less. Wealth is not a part of a pool of value that exists in nature or from circumstances occurring by luck or privilege. It does not develop in sufficient, or permanent, quantities to represent a source of value that can be spread among all the people, whether they have participated in its creation or not. Production is the essential counterpart of consumption. If some people fail to produce, then the wealth of their consumption is taken from the wealth created by the production of others, and the total of wealth available is reduced. Creation of wealth by individuals is the essential opportunity for them to pursue their abilities and to improve them. Capitalism is the ultimate method of providing opportunity to everyone to produce and have wealth, because the economy it creates is large and has the need of a growing supply of producers and participants.

Nov 09, 2011 | 0 comments View Post

The Ancient World of Common Sense

Prentice Jones, October 31, 2011

If common sense survives the modern era, historians will probably conclude that the demise of the American Republic was caused by theoretical economics. Modern academic theorizing has declared that simple common sense is no longer applicable in an environment where so much advanced knowledge is available. Keynesian theory of stimulus has never worked to do more than make a downturn easier, but longer; and government employment has no basis in production, which is necessary to end a slump in the private sector . The current theories for “working our way out of the crisis” are the same used for getting into it–spending money we don’t have.

Oct 31, 2011 | 0 comments View Post

Integrity

by Prentice Jones (8/31/2011)

Integrity was once taught by parents and in the schools.  Now it has been replaced with political correctness as the focus of personal discipline.  It is considered more important to say acceptable things, than to do what is instinctively known to be right.  Modern, progressive people feel no obligation to be honest, but accept that dishonesty is an effective claim that can be brought against those who do feel obligated by honesty.  To the elitist, dishonesty is a badge of sophistication, showing that they are unencumbered by the rigid and archaic disciplines and fallacies of the past.

Aug 31, 2011 | 0 comments View Post

Where Do the Revenuers Go From Here

By Prentice Jones

The Progressive argument over who should pay taxes and how much is based in the concept that a large and multi-faceted government is essential to the various needs of the people. Following this concept, big government supporters assume that since the money is being used for the benefit of those who have less of it, and since they have very little of it, and equality is essential, those who have more must pay more. And, they assume, since this is a good thing, it should increase as new sources of tax revenues are discovered among those who have plenty. This, of course, reduces the size of the economy — it is illogical to say that a bigger government leads to a bigger economy, since the government takes wealth out of the economy and produces none.

Aug 31, 2011 | 0 comments View Post

The Four Social and Political Ideologies of America

By Prentice Jones

Liberalism is now a religion.  It is held by its true believers as a basic truth and social responsibility.  It is the belief in statism and governmental-induced equality.  It is based in globalism, modernism, elitism, social progressivism, collectivism, and secularism.  It is diametrically opposed to Conservatism.  It has no motive in integrity; only in succeeding (similar to radical Islam).  Liberalism morphed out of original Socialism and attached itself to the Democratic Party as its vehicle of influence.

Aug 31, 2011 | 0 comments View Post

Economic Structure Creates Social Structure

By Prentice Jones

The social structure of a nation follows its economic philosophy. A nation that relies on its individual citizens to create the economy that sustains it will tend to have a strong and diverse economy and a strong and diverse social structure. It will never produce equality of current circumstances, but it will be constant in its creation of motivation to pursue individual opportunity. The social structure of a nation is comprised of the collected character of its individuals, and its economy is comprised of the collected capabilities, ambitions, and energy of its individuals.

Aug 31, 2011 | 0 comments View Post

End of an Era

By Prentice Jones

The country is heavily engaged in an emotional debate regarding economic rights of its citizens and the role of government, with the left and right fighting while moderates and independents watch.  It is an old fight — one that goes to the core of our traditional principles and to arguments made against those principles.  But, it is becoming apparent to some that the argument is moving to a critical turn in the domestic and economic policies of the United States.

Aug 31, 2011 | 0 comments View Post

Reducing the Deficit and the Size of Government

By Prentice Jones

Liberals fight furiously to increase taxes and government spending.  They believe that government is the answer to inequalities in society, and that it is just and necessary to punish those who have selfishly attained success, by confiscating their income.  They believe that it is better to have the government waste money than to leave it in the hands of the selfish rich.  They believe that wealth is finite and that the existing supply should be spread equally; although, they think that great stores of wealth are sitting untapped, waiting for new taxation to utilize in the quest for social justice.

Dec 10, 2010 | 0 comments View Post

The time is near for the most important election in my lifetime, and yours.

By Prentice Jones

Incumbent Democrats may now be acting as if they have finally heard the electorate and are turning to a more representative position; but when the election has passed, and if they retain their seats, who can doubt that they will return to the same path of ignoring their constituents?

Sep 14, 2010 | 1 comment View Post