The Macroeconomic Laws

By Gregory Del Jones

There's no available information at this time. Author will provide once information is available.

• Language: English
• Publisher: Xlibris US
• Release date: Jul 6, 2007
• ISBN: 9781669829379

Gregory Del Jones

N/A

Book preview

IT IS TIME TO END MASS IMMIGRATION

By Gregory Jones

Preface

God is whatever it is better to be than not to be; and He, as the only self-existent being, creates all things from nothing. (Saint Anselm (1033-1109), Archbishop of Canterbury).

We hold these truths to be self-evident, that all Men are created equal, that they are endowed by their Creator with certain inalienable rights, that among these are Life, Liberty and the Pursuit of Happiness––That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed. (The Declaration of Independence of The United States of America, 1776).

"We the People of The United States, in order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common Defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America. (The Constitution of The United States of America, 1787).

And the third angel followed them, saying with a loud voice, If any man worship the beast and his image, and receive his mark in his forehead, or in his hand, The same shall drink of the wine of the wrath of God, which is poured out without mixture into the cup of his indignation; and he shall be tormented with fire and brimstone in the presence of the holy angels, and in the presence of the Lamb: (The Holy Bible, Revelation 14:9-10).

The Macroeconomic Laws

Except for climate and weather, which we can’t easily adjust, and war, which is a political problem, and market disruption, The Macroeconomic Laws determine all economic conditions. The Macroeconomic Laws are: 1. Economic growth is a product of free enterprise or private industry. 2. Wages are governed by supply and demand or economic growth versus labor supply. 3. Wages determine standards of living and levels of technological development. 4. Monetary policy must be proper, that is, neither hyperinflationary nor deflationary, both of which slow economic growth. 5. The causes of poverty are overpopulation, Marxist economics, improper monetary policy and over regulation.

The First Law

Economic growth is a product of free enterprise or the financial incentive to be productive. Free enterprise is economic activity that the marketplace determines as opposed to economic activity determined by the state or government. Free enterprise produces economic growth because the individual acts out of the financial incentive to be productive. When the individual is financially rewarded for work, he is productive. Wages act as an incentive for the worker to be productive. These gains in productivity create economic growth. When the state takes control of the economy, the financial incentive to be productive disappears and economic growth does not occur. The communist or socialist economy takes control of the economy by having the state or government control or own the economy or determine wages. Communist or socialist economies pay their workers regardless of whether they are productive or not. Greater productivity is not rewarded with greater pay. The financial incentive to be productive disappears, and the economy stops growing. The first macroeconomic law is easily observable by comparing the economies of the U.S. and the Soviet Union. In the Soviet Union, the state determined how much one was paid for the work that they did. The state controlled wages. During the Cold War, the free enterprise economies of the U.S., Japan and West Germany grew, while the Marxist economies of the Soviet Union, Eastern Europe, North Korea and Cuba didn’t grow. So, the free enterprise economies grew, while the Marxist economies didn’t grow. Thus, economic growth is a product of free enterprise, and economic growth is proportional to the degree of market freedom of the economy.

The Second Law

Wages are governed by supply and demand, or economic growth versus labor supply. Wages are compensation for work. When the economy grows, wages increase. When the labor supply grows, wage gains slow. This is easily observable in our overpopulated world. China and India converted to free enterprise over 40 years ago, so these economies are growing, but China and India are so overpopulated that wages are very low because their labor pools are so large. Many 100s of millions of people live in poverty in China and India. Mass immigration to the U.S. of one or more million immigrants per year started in 1970, and in 1973, wages became stagnant in the U.S. Immigration increases labor supply, lowering wages. Before mass immigration, wages and productivity were increasing 7 times as fast in the U.S. Since mass immigration, wages have been stagnant or growing very slowly in the U.S.

The Third Law

Their wages or income are all the money earned by the American people. Wages determine standards of living, so wages determine whether the American people are rich or poor. When wages are low, the people are poor. As wages increase, the people become wealthy. So, mass immigration has made the American people much poorer. The cause of poverty is mass immigration. If we hadn’t been mass immigrating over the last 49 years, all the American people would be rich and there would be no poverty in the U.S. West Germany had the highest wages before reunification with East Germany. The U.S. had the highest wages in the world before mass immigration. The U.S. was 14th in wages in 1998.

Wages determine levels of technological development. All immigration lowers wages and technology. When wages are low, there is little technological development in an economy. As wages increase, technological