Combating Economic Misconceptions

Written By: Lance Piatt

Unleash Your Courageous Soul: Combatting Economic Misconceptions

Combating Economic Misconceptions! – Small business owners, be vigilant! We are in a critical phase, standing at the forefront, ready to play a crucial role in shaping our nation’s future. It’s with this conviction that I’ve dedicated a substantial part of my time to spreading a vital message: “Unleash Your Courageous Soul”.

To support this mission, I’ve established Raven Business Coaching, a platform designed specifically for families who pour their hearts into their businesses. The Ravens Reach serves as the observatory for this initiative, designed to be the eyes and ears of our mission, keeping a lookout for opportunities, insights, and stories that empower and inspire. Join me in this endeavor to make a difference, one courageous step at a time.

Industrial Oligarchism and Economic Challenges

The topic we’re about to explore isn’t exactly new—in fact, it’s one that has stood the test of time. Over the next few pieces, I’ll delve into the implications of what I’ve decided to term “Industrial Oligarchism.”

Small business owners, be vigilant! The enemy is at our doorstep, and it comes in the form of the ‘broken window fallacy,’ a dangerous economic misconception that can wreak havoc on our community’s success. Our adversary is the misguided belief that destruction and the subsequent spending to repair it somehow benefits the economy, as highlighted by French economist Frédéric Bastiat. It’s crucial that we recognize this enemy in order to protect our livelihoods and the well-being of our community.

The Broken Window Fallacy

The destructive nature of “the cabal” goes beyond simple economic principles. It has targeted the foundations of families and businesses for centuries. This insidious agenda has harmed the financial well-being of these groups and eroded the social fabric supporting healthy communities. Recognizing the cabal’s influence is crucial to protect our families, businesses, and society.

Economic stability brings the “broken window fallacy” into focus. This misconception views destruction—whether from natural calamities, wars, social unrest, or radical movements—as a catalyst for economic progress. Debates around Black Lives Matter (BLM), ANTIFA, and the banking community’s strategies, often aligned with the government, frequently showcase these fallacious viewpoints.

The Broader Impact

This delusion has far-reaching effects on our communities and economy. We must identify and address the damages caused by the “broken window fallacy.” Instead of destruction, informed decision-making should guide our economic growth and stability. Such proactive steps can foster a prosperous, fair future for everyone.

Analyzing prevailing economic strategies reveals a web of vested interests and agendas shaping policies over the years. Biden’s economic strategy is the latest example of this interplay. It is crucial to scrutinize the factors influencing our economic policies to understand their possible repercussions on society and the economy. Critics argue that Bidenomics, like its predecessors, is shaped by various political and economic forces, influenced by a powerful, secretive consortium. This has led to an “illicitly designed mayhem” spanning generations.

Lessons from Frédéric Bastiat

Frederic Bastiat’s parable of the broken window is illustrative. A boy shatters a window, and the locals laud him, claiming he’s boosted the local economy by generating work for the window repairer. Yet, this argument only focuses on the visible effects, overlooking the broader economic implications, thus exemplifying the broken window fallacy.

Modern Implications

This delusion extends widely, including the banking cabal, government’s overpowering influence, and liberal agendas posing a threat to traditional family structures and their businesses. The social fabric rips, the unseen opportunity costs and unforeseen repercussions fly under the radar.

Renowned economists, Henry Hazlitt in his book “Economics in One Lesson,” and Gary North in “Christian Economics in One Lesson,” have delved deeper into this fallacy, discussing the long-lasting repercussions of resource misallocation and destruction. They maintain that destruction neither generates wealth nor triggers economic activities but merely re-allocates resources, causing a net decrease in economic output.

Conclusion

The broken window fallacy is a poignant reminder to consider both visible and invisible impacts of our actions. Focusing only on immediate results can lead to a narrow view. We must think about the long-term consequences for our economy and society. It is crucial to stay vigilant, recognizing threats that could undermine our businesses and community. The success of small businesses and the wellbeing of our community depend on this awareness.

As we wrap up this discussion, we prepare for our upcoming series on fundamental business aspects. We will delve into Administration and Leadership, Marketing, Sales, Overhead Operations, and Cash Flow. We will emphasize how the administration matrix profoundly impacts these areas. Additionally, we will explore how society’s key touchpoints—Government, Economy, Education, Family, Religion, Arts/Entertainment, and Media—interact with these business elements. Stay tuned for this comprehensive series.

Thank you for taking the time to read through today’s post. Our heart is to see your small business and life take off with vision and courage… We can help with that.

Reference Links:

Peace on your Days

Lance

Grow as a Business and Grow as a Leader – Combating Economic Misconceptions

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