Tag Archives: Economics

Radio Script 150916

Live Radio Script [courtesy Google Images]

Live Radio Script
[courtesy Google Images]

Proposed articles for today’s Financial Survival radio show.  Maybe they’ll be used; maybe not.


Tonight’s GOP Debates

The Washington Examiner (“GOP field seeks to get out of Trump’s shadow in debate”) reports:


“A diminished but still confident crowd of Republican contenders takes the stage for the second televised debate here tonight looking to re-energize their campaigns and reset the terms of the 2016 contest.

“Perhaps the most distinguished GOP field of White House hopefuls in a generation was overshadowed and overtaken this summer by political outsiders who have never held (and in some cases, run) for office. New York businessman/entertainer Donald Trump continues to lead in nearly every state and national poll, with retired pediatric neurosurgeon Ben Carson nipping at his heels. Former technology executive Carly Fiorina also vaulted into contention since the first televised debate in August.

“That ups the stakes for the eight other Republicans who were invited to participate in CNN’s prime time debate at the Ronald Reagan Presidential Library in this suburb just north of Los Angeles. For some, it’s a matter of using their camera time to increase their name recognition among a GOP electorate that is still largely doesn’t know who they are. For others with higher initial expectations, the event could be a crucial turning point.

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Posted by on September 16, 2015 in Economy, Political, Radio


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Mind Over Money


Money (Photo credit: 401K)

Nova explores our bizarre psychological relationship to money.  It appears that we have a significant predisposition to behave irrationally when we deal with money.

One example of this irrationality may be the world’s acceptance of worthless, fiat currency (debt instruments) as a payment for a debt.  Insofar as people may behave irrationally in regard to money, how can an economy be managed, optimized or controlled?

Whether people behave rationally or irrationally in relation to money is essential to understanding and implementing any economic theory.  This is a very big and fundamental question.  Insofar as people behave rationally, government control is unwarranted.  Insofar as people behave irrationally, a police state may be required to sustain an economy.

video        00:58:07


Posted by on March 9, 2012 in Economy, Money, US Dollar, Video


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Them That’s Got Shall Get

Credit cards

Image via Wikipedia

Some of you may remember the lyrics of the Billie Holiday blues song, God Bless the Child:

 “Them that’s got shall get,

“Them that’s not shall lose,

“So the Bible says and it still is news.”

Those lyrics refer to Proverbs 22:7 which warns that, “The rich rule over the poor, and the borrower is servant to the lender.”  Them that’s got (the rich) shall get (rule); them that’s not (the poor) shall be ruled, even oppressed—and/or act as “servants” (even slaves) to the rich (those able to lend money).

Given that Proverbs was written almost 3,000 years ago, you can’t argue that the debtor’s dangerous relationship as “servant” or “slave” to the lender is really “news”.

The “news,” if any, is humanity’s persistent addiction to the “high” we call credit and aversion to the subsequent “depression” we call debt.

We know that debt can be dangerous and even self-destructive.  Nevertheless, if you want to catch a man or a nation, bait your trap with credit.

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Culture Matters

The throne in the Hall of Preserving Harmony

Image via Wikipedia

China’s economy has reportedly grown by 10% or more annually for several years. This rate of growth is deemed so miraculous that China recently bragged that the “Chinese model” is superior to the American economic system.

But is the “Chinese economic model” really superior? Is China really growing at 10% a year? Can that rate of growth be sustained?

I don’t think so. And my reasons aren’t based on China’s technology, resources, or education level. I believe China’s current cultural values are incapable of sustaining a technological economy.

A friend of mine lived in China for a year. She had a guide to show her around. She noticed that her guide would never take her to a couple of restaurants near her home. She asked why, and the guide smiled and offered some lame excuse. A week later, my friend asked again. More lame excuses. After several weeks, my friend forced her guide to tell the real reason why she wouldn’t take her to those two restaurants.

Under pressure, the guide finally admitted the truth: those restaurants served meals made with cat and dog meat and the guide knew that Americans loved their pets and therefore didn’t want to take my friend to eat “pet”.

My friend understood the explanation, but was still curious: Why didn’t the guide simply admit the truth several weeks earlier, when my friend first asked about those restaurants? The guide explained that a primary objective of Chinese culture was to maintain “harmony”—even if one must lie to do so. In essence, the Chinese would rather lie than fight.

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Posted by on November 24, 2011 in Economy, Values


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