economics

What Happened to Jamaica? Democratic Socialism in Jamaica and A Tale of Two Islands

October 17th, 2019|

What Happened to Jamaica? Democratic Socialism and A Tale of Two Islands Did you know that in 1971, the United States to Jamaica currency exchange rate was $1 USD to $0.77 JMD, nine years after Jamaica's independence from Britain? In 1992 it was $1 USD to $22 JMD. In 2019 it's $1 USD to $136 JMD. (S [...]

JTOL0100 Inequality – What Can Be Done?

October 6th, 2019|

Social issues with wealth gap, and wealth inequality, and discrimination? Let's solve this?! Part 1 - https://youtu.be/me4fL94yIqI Part 2 - https://youtu.be/7c7ccOHMK8o Topics covered include: If the data shows unequal outcomes, does that mean someone was being treated unfairly, independent of what [...]

The Completely Unimportant, Little-known List of Misconceptions about the Wealth Gap in America

October 6th, 2019|

Wealth Inequality, The Wealth Gap in America, and Discrimination Wealth Gap in America Part 2 I've argued that inequality is the natural state of human affairs, that persons may want to combat it, but that this should be done in ways that do not infringe on the freedom and agency of others. I specif [...]

JTOL0098 Is Inequality a Problem to Be Solved?

September 13th, 2019|

In the world there is inequality between nations and within nations, between states, between different age cohorts, between individuals in a classroom, individuals within a family... Also available as a podcast. Search for Just Thinking Out Loud in your favorite podcast directory. Photo credit backg [...]

JTOL0037 The Effects Socialism in Jamaica

January 28th, 2018|

00:00 Intro. 01:55 Fiscal conservatism vs social justice 03:14 Economic programs to solve social issues are EXPENSIVE 05:40 Another approach to looking at the situation, blaming neocolonialism. 10:42 Our inability to learn from history, and shunning of responsibility. 12:03 Thoughts about democracy [...]

JTOL0019 A Fascinating Read of Thomas Sowell Intellectuals and Society

January 28th, 2018|

Thinking of purchasing the book? http://amzn.to/2fVed2Z 00:00 Intro (bla bla bla) 00:44 Lefties are Idiots. And Righties are Mean 02:15 A strategic alliance 02:46 What do those who study the social sciences and humanities have in common? 03:08 Specialised knowledge vs. distributed knowledge 04:46 Ph [...]