Negative Balance of Trade? So What?

Although the topic may appear daunting, the essence of the matter is utterly simple. As a fair approximation, each international transaction, whether it be buying, selling, borrowing, or lending across a national border involves a willing party on each side—importers want to purchase goods from sellers abroad, lenders want to lend to borrowers abroad, and so forth. Each party to the transactions expects to benefit by entering into it. In a sane and just world, that would be the end of the matter.

Things to Keep in Mind During the Health Care Debate

Politicians, of course, can declare a right to medical care, but those are mere words. What counts is what happens after the declaration. Since a system in which everyone could have, on demand, all the medical care they wanted at no cost would be unsustainable, the so-called right to medical care necessarily translates into the power of politicians and bureaucrats to set the terms under which medical services and products may be provided and received.

Prejudice and Privilege

Very few aspects of our lives are determined by the initial benchmarks people create in their mind on first view. The human brain makes new judgments with new information. It sets new benchmarks and new conceptual understandings. The aspects of our person that gets represented in people’s minds is not a pigeonhole and it isn’t a curse. 98% of the time you will get a new opportunity to represent yourself in a way that is unique to you.

The Journey of Survival and The Risk of Failure

Many, probably most, people believe animals are probably better off in the wild rather than the zoo. This is true despite the fact that zoos offer the resources that animals spend most of their existence trying to acquire in abundance and at no risk. We reasonably understand that their evolutionary drive provides them with purpose and that merely giving them the ends of so many of their goals make them weak and depressed.

The Problematic Foundation of “Privilege”

The main problem with the concept of privilege is that it ignores how people generally acquire resources. We all acquire resources by trading with others. People are able to demand more resources when they have qualities that are highly valuable to other people. When we see people who are disadvantaged, we need to ask: How can we help make these people more valuable to others?