Steve's barking at desire and ability to pay

 I want to write about what I think is the most obvious and important idea in economics.
With out it there is no economy, that's the desire for something and the ability to pay.
The statement of pay is not necessary money.
Lets assume that a person is in the desert, he needs water to live, and he wants to live. He knows that an oasis is just over the dune. He no longer has the ability to climb the dune, there fore he doesn't have the ability to pay. He therefore dies.
Another travel in the same desert is on the top of the dune and needs the water the same as the first person, but this traveler is able to roll down the dune and reach the water and live. That person had the ability to pay.
Another example. There are two tribes in  the history of early man, both had discovered that they liked to eat meat. One had the knowledge and the ability to hunt, the other didn't. The tribe that couldn't hunt didn't have the ability to pay for the meat but the one who could had a greater ability to eat the meat. The only the first tribe could pay for the if a tribe who could hunt paid it for them or they came a dead animal, having a smaller price to pay which  they could afford.
A different kind of example: A man goes in to a sandwich shop with a half ounce gold coin. He really wants a ham sandwich that sells for 20 dollars, and the gold coin is worth over eight hundred. The proprietor of the sandwich shop has no desire for the gold coin ( he fears that he would lose it and be out of twenty dollars). The man with the gold coin doesn't have the ability to pay, and the proprietor of the sandwich shop doesn't have the desire for the gold coin.
A different kind of example: A person on food stamps has a great desire for a IPad that runs for 500 dollars. The person doesn't normally have the ability to pay for the ipad, but this person discovered that selling part of the food that was gotten with the stamps after several months the ipad is affordable. That person's desire for the IPad is greater then eating all the food. That person then had the ability to pay for the IPad. ( One could reason that this person payed for the IPad with food).
Example:Refuges have no money or any means to pay for their desire to eat. Relief agencies have the ability to pay and they do. (One could argue that this is an ability to transfer the ability to pay).

A company could have the best testing coffee in a land that doesn't drink coffee no one will drink it no matter how easy it is to pay for it.

* The definition that I use for pay is not a common use of the word.

Steve's barkring at freedom in the gilded age

Freedom in the Gilded age, now that's a strange topic.
The reason I'm ranting about so called freedom in the Gilded age is because I've read an article on the Internet how the this country lost it freedom to progressives. Now I believe this article was taken from the capitalist fool tool. Of cause the main part of the article was about taxation, which I'm not going to get into for this particular blog. I'll save that for another time. Now this article wouldn't have bothered me so much if I didn't recall hearing some not to bright people on the boob tube saying the same thing as if the gilded age was the age of freedom.
Now if you were an African American in the South at that period of time and you couldn't smile at a white person I would say that your freedom was limited. If you were Catholic or Jewish you were bard from  certain positions, making your freedom limited. The ghost of the Molly McGuire's might argue how much freedom there was.
I don't think those who were forced out their company owned housing for talking union would agree with that position that we had freedom to speak their minds.
Those out west caught in range wars might argue the point of how much freedom there was if you were on the losing side.
Now I've even heard talk of the lasse faire government and how it brought about the great second industrial revolution in the United States, some how forgetting how the economy almost collapsed during the panic of the 1893s.  They also forgot the panic of 1907.

*Now I never really thought of myself as a progressive, I just thought of myself as a person with half a brain and a little common sense it just that  I believe more then ever we owe our freedom to progressive politics.

*I also believe that a dictatorial and or tribal form of local government takes u the slack, kind of like Somalia and Afghanistan.

* My understanding of the meaning of the Gilded Age was a phrase coined by Mark Twain,  every thing was golden on the outside but rotten on the inside.

* Wasn't free trade hampered in the gilded age, tariffs were the main source of government revenue.

Steve's barking at the time bomb that doesn't excist

I keep hearing from those non-thinking think tanks that we in the United States have a major problem of underfunded pensions that can't be paid in full.
Welll let me put my 2 cents on this discussion. I guess those underfunded private pension funds will have to forgo giving out dividends for several quarters or take one for the team and have another expense of funding their short falls now. As far Public pensions, I guess those that are underfunded  will have to slightly raise their taxes. Now none of this would have to be if pensions were being funded
100% and not have the formula change in good times.
Now I live in New York State, and according Now to make this long story a little shorter, the Manhattan Institute claims this isn't true, if one would take the accounting practice of private industry this may not be true. Now I've seen the accounting practices of Arthur Anderson who used to be one of the big five, now there are only four accounting firms. (The Anderson firm no longer exist).

I checked the other day with social security and since 1940 till 2010 those reaching 65 can expect to live 5 more years in 2010 then in 1940.  Since 1980 till 2010 a little less then 2 in 30 years. So much for
living so much longer then, then now.

It's time for me to make what those unthinking think tanks would consider heresy, but if we can't meet our pension obligations it would mean that our economy is far gone we all should get a gun and blow our brains out.

Steve's barking at new con terms.

Most people know what a ponzi scheme is but who know what being Enron Anderson is?
Do people know what madoffed means?
Enron Anderson means trusting professionals to certify the honesty of a business that's corrupt.
Being Madoffed means trusting the honesty of a person because of past performance and that person ponzi's you.

Steve's baring at the wussification of bussiness

Please tell me what has become of American Business leaders?
Were are the Woolworth,s who said never complain never explain. (He also said never ware brown because it looks like ---)
Were are the JP Morgan's who made sure to clean up the banking industry by running buck shops out of town. Helping this country by writing a check as if he was the Federal Reserve Bank when the banking system almost collapsed.
What have we got now. A bunch of whiners who blame the government for every mistake that they make, but have no qua ms about running to the government to help bail them out of a jam.
Setting up bucket shops in the banks themselves. (I believe they call them hedge funds that play around with naked derivatives).
One would think that these knuckleheads who run  the banking system would want some government regulation to put trust back into the system, but nooo  they want no regulations at all. The least they could do is like days of yore is self police, they don't even want that.
I could only imagine if the banking industry ran the National Basketball Association, there be no such things as fouls, you could take as many steps to the basket without dribbling, out of bounds no such thing. The excuse for no rules, if we have rules we can't compete with the European leagues who are talking of doing away with rules.


I use the rule of thumb, those who complain the most are the most incompetent.
Having rules is common sense.
Good industrial leaders of the past believed in there industries. I'm having a hard time thinking of good industrial leaders today.
Don't get me wrong these guy were sons of b------.

Steve's barking at revenue neutral

Why is Representative Paul Ryan so proud of his budget that he proclaims revenue neutral?
Isn't he one of those people who proclaim that the sky will fall unless we reduce the deficit.
One would presume that to close the deficit you would need to be revenue positive.

Steve's barking at it's not in flation but

If you receive most of your money through wages and your discretionary  income is extremely low  you receive a cut in pay weather it's do to less hours or you pay has been cut and the price of goods and services stay the same, while it's technically not inflation, but for those who income has been cut it's the same effect. The price of your living space has gone up in relation to your income. The price of the clothes that you ware has gone up in relation to your income.. Food is the same.
Unfortunately this abstract idea isn't quite true for everybody. There are those who have a larger discretionary income and they can absorb a greater reduction in income and therefore it's not like inflation for them.
To my knowledge economist have no word for this inflation like problem for those who have taken a hit on their income and necessary buying prices stay the same.

For this blog I have no statistics, no pie charts, not even a line graft. All this particular blog is stating the abstract idea that there are people who take a cut in pay and to them it's the same as having non discretionary inflation. even if prices don't go up.