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One Absolute Distinction
As there are pockets of ecosystems in the world that exists
(the desert, the forest, the ocean, the river, the backyard),
so it is with economies.
And it has been thee endeavor of mankind to seek an understanding of both.
How does one ecosystem affect another?
How does one economy affect thee other?
The land vs. the ocean?
Market Capitalism vs. Islamic Commercial Law?
Market Capitalism vs. "Market" Socialism?
One does not have to look too far back into the past for one example,
nor does one have to look too far ahead.
The reality is. . . one ecosystem is growing faster than the other.
In short, economies, similar to ecosystems, have characteristics, rather, a “nature” of their own.
One Absolute Distinction
FREEDOM vs. CONTROL
Simply stated, we need to take care of our own backyard!
To be continued. . .
To be continued. . .
Recommended Readings
Thomas Sowell: Basic Economics
Thomas Sowell: Economic Facts and Fallacies, 2nd edition
Peter Temin: Financial Intermediation in the Early Roman Empire (PDF)
Thomas Sowell: Economic Facts and Fallacies, 2nd edition
Peter Temin: Financial Intermediation in the Early Roman Empire (PDF)
American Eagle ( Yellowstone National Forest) taken by: Yours Truly
Winter Cardinals (family backyard) taken by: Yours Truly
Glacier Lake (Glacier National Forest) taken by: Yours Truly