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What is the cause of and solution to poverty?

David Ranson

Obstacles or distortions to the free flow of capital, and their removal.

President of H. C. Wainwright and Company, Economics, David Ranson

What causes an economy to prosper?

David Ranson

The willingness of domestic and foreign savers to invest their capital there.

President of H. C. Wainwright and Company, Economics, David Ranson

How does a minimum wage requirement impact an economy?

David Ranson

It creates unemployment among those whose labor has sub-minimum market value.

President of H. C. Wainwright and Company, Economics, David Ranson

What role should government play in an economy?

David Ranson

To remove obstacles to the free inflow of capital.

President of H. C. Wainwright and Company, Economics, David Ranson

What role do workers' unions play in an economy?

David Ranson

They often influence government to impose regulations that distort and block the efficient use of capital.

President of H. C. Wainwright and Company, Economics, David Ranson

What kind of tax system is most effective?

David Ranson

The simplest possible structure with the lowest possible rates.

President of H. C. Wainwright and Company, Economics, David Ranson

Why do people disagree about the truth?

David Ranson

Strong conviction usually has an emotional or self-serving origin, or may result from indoctrination, and is rarely based on careful factual study.

President of H. C. Wainwright and Company, Economics, David Ranson