Economics - Tracy M. Smith

16 Mar

Kick It

trsmith Bankruptcy, Blog, Challenges, Economics, Government, Politics, Responsibility, Service, Troubles 2 2

“Kick It” is only half of the phrase “Kick it down the road.” I remember hearing a statement that some people look at a difficult situation as a problem. Others view it as an opportunity. Perhaps the people who view each every roadblock as a problem are the ones who invented the practice of “kicking it down the road.” They either hope it will go away or that someone else will deal with it. The Bible says that man is born…..

25 Oct

A Little Bit More

trsmith Blog, Book, Economics, Jobs, Money, Wealth, Work 0 1

Not long ago, J. Paul Getty was one of the richest men in the country. A reporter once asked him, “How much is enough?” Getty answered, “A little bit more.” Many of our current politicians want us to hate rich people. Funny, because all of those politicians are richer than most of us. If you have ever been to Pittsburgh, PA, you may have noticed how many libraries, hospitals, and other public buildings start with Carnegie in their names. Andrew…..

20 Sep

The TANSTAAFL Theory

trsmith Blog, Book, Cross, Economics, Free, Gifts, Government, Heaven, Jesus, Love, Money 2 1

If you studied economics, you know about the TANSTAAFL theory. It you didn’t study economics, you know this instinctively. TANSTAAFL: There Ain’t No Such Thing As A Free Lunch. Somebody is paying. If someone is receiving food stamps, they are not free. The government does not “make” money. It does not “earn” money. It takes money away from someone to give it to someone else. Someone is paying taxes. And, if someone is receiving something for “free,” they are paying…..

Kick It

A Little Bit More

The TANSTAAFL Theory

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