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OpEdNews Op Eds    H3'ed 7/6/12

The Crises of Costs and Social Costs

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Author 72056
Message Farid Khavari

 

Since we cannot combat the costs caused by the conventional economic concepts, we need to introduce and implement a new economic concept that yields just the opposite results by reversing and decelerating the process of cost! In other words, the new economic concept should achieve these three goals:

-         Freeze the cost

-         Reduce the cost, and

-         Eliminate the cost, wherever it is possible.

 

This economic concept is called: The Concept of a Zero Cost Economy, or Carefreeism.

 

HOW COULD AN ECONOMY BE SENT TO THE GRAVEYARD?

 

Once the economy finds itself in a tailspin as a result of the conditions described above the last and the most fatal step would be to implement imprudent measures such as those mentioned below that would create a renewed cycle of rising cost and/or would accelerate the increase of cost even more. These devastating measures are not only implemented by inept and incompetent governments, but also by the greedy banks and businesses:

-         Balancing the budget with cuts and layoffs;

-         Tightening the loans and mortgages;

-         Destroying the creditworthiness of the people by laying them off or foreclosing on them;

-         Following a contractive economic policy that leads to shrinking demands;

-         Increasing revenue by arbitrary raising taxes, fees and excessive fines;

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Farid A. Khavari, Ph.D., is a noted economist and independent candidate for Florida governor in 2014. He is the author of 10 books including Environomics: the Economics of Environmentally Safe Prosperity (1993) and Toward a Zero Cost Economy (more...)
 

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