Dire Warning of Economic Collapse

July 18, 2010 - PRLog -- “This [national] debt is like a cancer” "that will destroy the country from within" or so says the president's handpicked debt commission. Unfortunately the excessive national debt is just the latest  symptom of an economy speeding toward disaster. Unemployment, stock market crashes, housing market bubbles, financial bubbles, inflation and mounting national debt, “bailouts”, and more bad economic news is on the horizon. It's just been one economic crisis after another. What happened and more importantly how will it all end?

While trying to answer these questions I rediscovered a basic principle of human nature. Using my physics background I was able to formulate analytically what I call the “Principle of Dominance”. When applied to a free market economy it could be more properly called the principle of equal dominance and it provides analytic support for many of the tenets of the Austrian School of Economics as espoused by Von Mises and others. Understanding Dominance as applied to economics is so important to correcting our economic problems that I've written the book “Dominance Economic Principles” to serve as an introduction to the topic.

So what happened to create our current economic mess? Not an  easy question but basically what happened is that we have been seduced by generations of economists and political philosophers  to ignore fundamental human nature. Somehow they think that we are better or more sophisticated or more intelligent than our ancestors thus their economic theories don't have to account the full effects of human nature. Understanding the Principle of Dominance is a necessary first step in correcting the current economic malaise.

References and more information:
https://www.createspace.com/3446184

http://getoddnews.com/tag/economics/

http://www.washingtonpost.com/wp-dyn/content/article/2010...

http://video.foxnews.com/v/4280005/debt-commission-warns-of-fiscal-cancer/?playlist_id=86883