TED Community » Paul Ruth

More About Me

I'm passionate about

education, poverty, hunger, economics, Ethics

An idea worth spreading

all of them!!! You never know a good idea until it is in a history book, and a student falls asleep to it.

Comments

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• A comment on Conversation: Use the tax deductions system to spur economic groth, and this is not just another tax cut idea.

  Mar 29 2011: All I have left to say is that this is the reason why the last recession happen. People like this walk around with their eyes closed and fail to anything about it. Just keep carring on like nothing happened, adn we should keep things as normal.
  
  The Glass Steagall act was repealed in 1999, which mean the regulation was taken away, one reason for the crash. Know you history better!!!!!

• A reply on Conversation: Title: why are some presidents of USA wild about waving wars in other countries? such as the one in Lybia.

  Mar 29 2011: I would have more faith in the Dalai Lama than the government of china that would not even allow Google to freely operate an internet search.
  
  Here is a link about what I am talking about in relation to human rights: http://www.hrichina.org/public/index
  
  And here are some articles about tibet: http://www.newsweek.com/2010/01/26/course-correction.html
  
  http://kristof.blogs.nytimes.com/2010/09/11/china-and-tibet-2/
  
  http://www.nytimes.com/2008/03/18/opinion/18tue3.html
  
  http://www.freetibet.org/

• A reply on Conversation: Use the tax deductions system to spur economic groth, and this is not just another tax cut idea.

  Mar 28 2011: The recent economy was not thoughly regulated. You need to look up the repealed Glass- Steagal act. How is that a regulated banking system?
  
  Oil companies blatantly ignored the regulations in place, and then paid off regulators. The system became corrupt. The history in detroit was a result of bad banking and over speculation, which is why we must look ay other ways of creating wealth other than just companies.
  
  Allowing too much trust in companies is dangorous. A main componant of Austrian economics is laize fair economics which is the same of the industrial revolution. Putting everything back to a individual behavior is an easy answer but may not expaln it all. Why would someone working in a best interest write bad loans? Why would people sign loans they do not understand? The glass steagall act could have scientifically predicted the outcome. This means that economics is not purely behavioral. There are also actions that can be taken to correct bad behavior. Austrian school of economics is really just taking the next step from Smith: http://www.econlib.org/library/Enc/AustrianSchoolofEconomics.html. Individual right to choose, economies work best when people seek the best for themselves.
  
  Keynesians also predicted 2008 becasue there was an obvious demand pull inflation in housing. The market became over saturated (which means banks could no longer write any more loans, meaning that they could not expand even if they wanted to) and housing prices shot up across the US.
  
  Austrians are really just more well thought out classic economist. Austrians just deny that economies can be judge and predicted by ideals, and math.

• A reply on Conversation: Use the tax deductions system to spur economic groth, and this is not just another tax cut idea.

  Mar 28 2011: The I would like to hear them!!! Becasue so far, many things have not worked.

• A reply on Conversation: Use the tax deductions system to spur economic groth, and this is not just another tax cut idea.

  Mar 28 2011: Did you read the report??
  
  The previous ideas of puttin gpeopl ein home was correct with bank failures in the early 1990's. It does not explain 2008. Which is why the government needs to find ways to control companies. This means through taxation and regulation. A flat tax only help the wealthy continue to support the wealthy.

• A comment on Conversation: What are some ways that we can fight the oppression of women around the globe? (Read Half the Sky).

  Mar 28 2011: I like all the ideas. Education I think is the most important, as was said.
  
  Sometimes though there needs to be more policing. A crack down. Hateful minds are hard to educate. And, sometime I think people (both men and women) give into society expectation. Not to say that girls shouldn't play with dolls, but do our best to be blind to gender when hearing ideas. Do our best when some people may be more timid to talk.
  
  It is a hard problem, but as Jamelle says, we need to engage.
• +1

  A comment on Conversation: Title: why are some presidents of USA wild about waving wars in other countries? such as the one in Lybia.

  Mar 28 2011: The Arab league asked for the support. And, atleast the USA will try to do something about human rights. China just ignors it. Maybe China should get out of Tibet. Maybe Europe should look at its own histoy on human rights.
  
  If the US was so crazed about oil then we would drill more. Why would we risk human life if we can make money on it by drilling at home?
  
  The US has stood up for human right with military without taking over. Kuwait, Yugoslavia, WW2, korea. Not to mention the US have over come its own human rights issues in many ways. The US is not perfect, but at least it is not a coward.

• A comment on Conversation: Use the tax deductions system to spur economic groth, and this is not just another tax cut idea.

  Mar 28 2011: In the early 2000's we gave companies as much freedom and money as they have ever had in 100 years. If allowing companies to have this much money spuuly and control this much wealth, then somebody please explain the crash of the whole system in 2008.
  
  Maybe reading the official report might help clear some minds: http://www.fcic.gov/

• A reply on Conversation: Use the tax deductions system to spur economic groth, and this is not just another tax cut idea.

  Mar 28 2011: This is your problem with seeing the correct side. Capitalism sometimes does not work!!! Take a look at history. Pure capitalism is dangerous. The US deregulated engergy and we got Enron. Deregulate banking and we got AIG. Yeah there were banks that were doing right, but the system was corrupt.
  
  Less enforced regulation on oil lead to the gulf oil spill.
  
  Maybe you should read up on what is was like in Detroit in the 1930's when ford would lay off thousands of workers at a time.
  
  Time and time again we go over Classical economics, and it fails, and it fails, and fails again. The princuples are solid, but the practice is not perfect. The problem is that hard working people get screwed by the wealthy if something does not step in to enforce. Supply side economics is over. Grow up and look around. It no longer works, nor does it explainn what happened in 2008.

• A reply on Conversation: Use the tax deductions system to spur economic groth, and this is not just another tax cut idea.

  Mar 28 2011: I think you need to look at history a little closer. Just in general.