1.2 The Four Basic Laws of Economics
There are four basic laws of economics. When these laws are applied correctly in a society the society achieves explosive prosperity. Conversely when these four laws are violated that society will spiral down into recessions, depressions and wars.
The following are The Four Basic Laws of Economics.
- All money value is created through and backed by the production of goods and services.
- The individuals who create this production own the money exchanged for it.
- All production must be marketed on an Open Market (open to all on equal terms, absolutely no exceptions.)
- The money supply must be held constant forever with no exceptions. This Law standardizes the economic system like the metric system is standardized with a titanium bar in the length of 39 centimeters. So a constant money supply standardizes economics
These are the four basic laws of economics. When I studied the History of Economics, I found Societies using these laws knowingly or unknowingly achieved roaring prosperity. When these laws fell out of use that Society found itself in a recession, depression and/or war.
Societies using these laws are rewarding Production. Societies not using these laws are rewarding non-production. When you reward production you will get more production. When you reward non-production you will get more non-production.
If we look back at the last 48 years we can see Laws 2, 3 and 4 were very out. The first law cannot be violated because production always creates money value if production is taking place. It is always in, man cannot change this law. Without production money will have no value.
Producer Rewarded Open Market Economics
The Science of Economics
By: R P Obrigewitsch
February 27, 2011
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Axioms of Economics
Constant Money Supply
Money Velocity and Prosperity
- 1.0 Money Velocity and Prosperity
- 1.1 The Money Velocity Cycle
- 1.2 Capital Producing Economics
- 1.3 Vampire Economics
- 1.4 The Goal of a Society
- 1.5 Production Efficiency
- 1.6 Why Money Velocity Slows Down?
- 1.7 Capital Destroying Economics
- 1.8 Producer, Non-producer or Counter-producer?
- 1.9 Razor Thin Path
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