Economics Class

Tariffs

A tariff on imports is basically a tax on goods that come into the country. In and of itself a tariff is detrimental to the economy. Tariffs subsidize some producers and tax the customer. Tariffs may also reduce exports. For example, due to the taxes on imports, the customers from country A may not buy the goods from country B… Continue reading Tariffs

Economics Class

Indoctrination, The Government’s Education

When we hear of schools being supported by government taxes we accept it as normal. Almost every country has these tax-supported schools which are supposed to benefit the public. But if we hear of tax-supported churches we are amazed and wonder what new absurdity this is. One would think that the government should not take tax money from… Continue reading Indoctrination, The Government’s Education

Economics Class

Qualifications For A Business Person

It takes a lot to become an entrepreneur. One needs skills, money, knowledge, ability and more. These are all needed for anyone to truly succeed in business. Gary North compiled a list describing a business person in his Ron Paul Curriculum class Business 1 (Lesson 30). Your sense of time. Your sense of responsibility. Your ability to make decisions… Continue reading Qualifications For A Business Person

Economics Class

The Need For Budgeting

People who maintain a budget have a great advantage over those who do not. One obviously has to follow the budget for it to work. Following a budget can significantly reduce impulse shopping thus improving one’s financial situation. There are a few reasons why budgeting minimizes shopping on a whim. When you budget you tell yourself “I can only spend so much money… Continue reading The Need For Budgeting