| Author: | Edward E. Rochon | ISBN: | 9781311827005 |
| Publisher: | Edward E. Rochon | Publication: | January 6, 2016 |
| Imprint: | Smashwords Edition | Language: | English |
| Author: | Edward E. Rochon |
| ISBN: | 9781311827005 |
| Publisher: | Edward E. Rochon |
| Publication: | January 6, 2016 |
| Imprint: | Smashwords Edition |
| Language: | English |
A preface notes my prior essays on economics and the extension of this essay from them. I make an analogy between Formula One racing and sound economics. Chapter 1 briefly discusses inflation/deflation and its unfair consequences, laying the foundation for inflation courts. Chapter 2 notes that past ages of economic change were fraught with trouble, dislocation, and a waste of labor. We should do better. The turmoil is an impediment to wealth generation. A caveat is noted that corruption, acts of nature, foreign policy and war can reduce production, effectively increasing prices for diminished income, and that this must be accounted into the court determination of fairness. Chapter 3 proposes statutes outlawing deprivation of income through inflation. It suggests that inflation court start out on a trial basis for the poor on a lottery basis. This will allow problems to be worked out that always occur due to confusion when new things come into play. It notes the surfeit of lawyers in America will have more to do with inflation court added to the docket. More economists and lawyers with economics backgrounds will be required. I continue with my analogy of sound economics to race car driving with some tongue in cheek, though probably apt, comparisons.
A preface notes my prior essays on economics and the extension of this essay from them. I make an analogy between Formula One racing and sound economics. Chapter 1 briefly discusses inflation/deflation and its unfair consequences, laying the foundation for inflation courts. Chapter 2 notes that past ages of economic change were fraught with trouble, dislocation, and a waste of labor. We should do better. The turmoil is an impediment to wealth generation. A caveat is noted that corruption, acts of nature, foreign policy and war can reduce production, effectively increasing prices for diminished income, and that this must be accounted into the court determination of fairness. Chapter 3 proposes statutes outlawing deprivation of income through inflation. It suggests that inflation court start out on a trial basis for the poor on a lottery basis. This will allow problems to be worked out that always occur due to confusion when new things come into play. It notes the surfeit of lawyers in America will have more to do with inflation court added to the docket. More economists and lawyers with economics backgrounds will be required. I continue with my analogy of sound economics to race car driving with some tongue in cheek, though probably apt, comparisons.
