The Macroeconomic Laws

Gregory Del Jones

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• Economics
• Business

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• Publié par: Xlibris US
• Date de parution: 06 juillet 2007
• Nombre de lectures: 0
• EAN13: 9781669829379
• Langue: English

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THE MACROECONOMIC LAWS
 
 
 
 
 
 
Gregory Del Jones
 
Copyright © 2007 by Gregory Del Jones.
 
ISBN:
Softcover
978-1-4257-6692-4

eBook
978-1-6698-2937-9

 
All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the copyright owner.
 
Any people depicted in stock imagery provided by Getty Images are models, and such images are being used for illustrative purposes only.
Certain stock imagery © Getty Images.
 
 
Rev. date: 07/11/2022
 
 
 
Xlibris
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CONTENTS
1It Is Time To End Mass Immigration
2From Nuclear Deterrence To Mutual Safety
3Update On Nuclear Strategy
4Foreign Affairs
5A Global Update
6Crisis
7A Note
8Poems by Gregory Del Jones
 
 
 
 
 
to Jennifer
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 14 th 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 advancement increases. The most productive economy is the free market economy with a tight labor market to drive up wages. Japan, Sweden, the former West Germany, South Korea, Taiwan and England have the highest wages in the world. These countries have the highest standards of living and they have manufacturing based economies. Japan has a high tech manufacturing based economy. South Korea has a growing free market economy with a tight labor market, so wages are rapidly increasing in South Korea, and South Korea now exports many automobiles. Germany’s economy is growing slowly because Germany did not convert the former East Germany’s economy to free enterprise upon reunification. Russia converted to free enterprise in the 1990s, and Russia’s economy was growing from the year 2000 to 2010. After 2010, Russia developed high inflation, and economic growth slowed. Japan has over regulated it’s service sector, so economic growth has slowed to 2%. The socialized economies are not growing. France spends 50% of GDP on retirement and welfare programs. Economic growth is stagnant in France. President Macron just announced that he will increase retirement ages. High immigration keeps wages low in Canada, the U.S., Israel, England and Hong Kong. After World War 2, England socialized its economy and during the 1950s, 1960s and 1970s, England’s economy did not grow. In the early 1980s, England privatized its economy and it started growing again. After the year 2000, England started mass immigrating, so wages are now stagnant in England. High birth rates keep wages low in China, India, Mexico, Brazil, Argentina, Indonesia, and many others. Central and South America are badly overpopulated. The Mid-East and Africa have both overpopulated and Marxist economies. The U.S. had the highest wages in the world before mass immigration. Since mass immigration, the U.S. has had a loose labor market, and wages have been stagnant. My macroeconomic data comes from United States government computers. The Macroeconomic Laws accurately predict economic conditions in every country. Wages determine standards of living and levels of technological development. A country’s economic health is determined by its macroeconomic structure or wage level.
The Cost Of Mass Immigration
The cost of mass immigration is enormous. Wages in the U.S. have been stagnant for 49 years. So, the American people are much poorer due to mass immigration. If we hadn’t been mass immigrating over the last 49 years, wages would be about $50,000 greater for each working American. Divide this by 2 to get $25,000, the average each worker in the U.S. has lost in wages per year. Multiply $25,000 by 49 and each American worker has lost $1,225,000 in wages over the last 49 years. Our work force is 160 million persons working, so we multiply $1,225,000 by 160 million, and we find that the cost of mass immigration over the last 49 years is $196 tr