How to Fix the Economy



how would you fix the economy libraries could be filled with the written works of those trying to solve this problem could you fix the economy with just four simple words four words to fix the economy get rid of taxes government assistance for everyone just give it time I'm sure we could come up with a four word slogan to promote just about any so-called fix for today's economic problems however none of the slogans I've just mentioned and none of the policies being pushed by politicians around the globe address the root cause of every economic crisis in 17th century Holland we find the first modern example of an economic bubble it occurred when tulip bulbs began trading in the stock market item creating a craves leading to excessively inflated prices which could not be sustained once confidence in tulip bulbs as an investment item fell the market collapsed destroying personal fortunes and severely damaging the Dutch economy more recent crises include black Tuesday in the Great Depression the dot-com bubble of the 1990s and the recent housing and sovereign debt crisis all could have been avoided with a simple forward fix don't lend to Greeks that's not it either not even close let's just take the recent housing crisis of 2008 often referred to as the subprime mortgage crisis what went wrong with low interest rates and cheap credit readily available many people bought homes that were simply more expensive than they could afford banks encourage this as even if the homeowner would never be able to pay off the loan the bank would offload it to another entity before that could become an issue and the government enabled it all because it resulted in happy voters and a buzzing economy until it didn't why do people buy houses they cannot afford why do banks lend money to people they know won't be able to pay it back why do people gamble their money on get-rich-quick schemes or invest in markets they don't understand it all boils down to greed personal greed corporate greed societal greed the economy has never reached an efficient self-sustaining balance point because collectively and individually more often than not we want more you could describe a permanent economic fix in four words collectively individually overcome greed or simplified as get rid of greed now we're on to something some claim the removing greed from society would extinguish entrepreneurship ingenuity and work ethic this is false we must not confuse the desires of true success and productivity with the pitfalls of greed there is nothing wrong with hardwork greed is what causes one to attempt to seize wealth power fame position or possessions without putting in the proper work purchasing more house than one can afford taking advantage of the elderly with a Ponzi scheme bending the rules to get what you want or neglecting your family either by wasting the money that was meant to provide for them or by robbing them of your time in the pursuit of a more luxurious lifestyle all have the same route and all have detrimental effects that go well beyond our economy fortunately they all have the same solution as well this solution is not new it's been around for thousands of years however few have had the humility and the perseverance to live the solution this solution to get rid of greed was worded a little differently when first put forward still four simple words you shall not covet for tomorrow's world viewpoint I'm Michael hey coupe be sure to LIKE comment and subscribe to access articles telecast and booklets from tomorrow's world visit our website TW Canada org Friday Saturday and Sunday are terms familiar to almost everyone have you ever wondered who named the days of the week




Comments
  1. Greed is human nature. Usually, greed is in check by fear. In the example, of subprime. The reason greed got out of balance and ended up wracking the economy is that Fear was absent. And the reason fear was because of Fannie and Freddie, 2 government bodies were guaranteeing those loans. I believe that the real solution would be " FREE MARKET" by Adam Smith. Let both greed and fear balance itself out in the free market.

  2. Seriously? Dumb slogans? NO!!! We need mechanically sound solutions… Not being greedy will not feed the poor, nor create jobs. It's a nice thought, but we need better. People are dying, and it is going to get oh so much worse. I will keep working, but why is no one else out there?

  3. The solution you suggest is awfully simplistic. It basically boils down to
    “Hey guys, let’s stop doing bad things.”
    Also, if the purported solution is as old as you say it is, and we still to this very day have a problem with greed, what does that say about the efficiency of your solution?

  4. I agree that greed is a problem, however your solution leaves much to be desired. An interesting similarity between the people at "Tomorrow's World Viewpoint" and the politically correct crowd have in common, are that they attempt to fix systemic problems (ex. greed, discrimination) on an individual level. "If someone is religious and does not covet, then they will not be greedy" "If someone is convinced through argument or shaming that discrimination is bad, then they will not discriminate".

    Systemic problems need systemic solutions:
    Greed can be fought by requiring minimum safety standards for employees and customers, even though it costs the company extra.
    Discrimination can be fought be requiring body cameras on police officers to make sure proper police protocol is followed in all cases.

    Greed and Discrimination are complex issues and require more than just four words, and more than the two solutions I gave in this comment.

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