Life and Spirituality

  Flemish painter - http://www.museum-brotkultur.de T here was a time when some humans developed the notion that all humans are created equal and that it is unjust for some to amass huge amounts of wealth while others grind their butts out. This notion gave birth to the idea of communism. However, the communists forgot that trees in a nearby forest are not all of equal height, that a certain amount of inequality is natural and trying to enforce an unnatural equality may kill the forest. Sans incentives and the need to strive, many humans would rather sit and grow obese. The result was that entire economies slowed down severely and bread lines became longer and longer until they became longer than the communist manifesto. It was therefore soon discarded into the trash can. Some political parties still call themselves communist but that is simply out of nostalgia. They neither mean it nor live by the philosophy any longer. Capitalism thus marched across the wo

Robin Hood and his Merry Men I n today’s complex economy it is useful for the ordinary citizen to understand a few simple principles about economics. That way, they can manage their own money better and also contribute their voice to policy making in their countries. This post is about inflation, its causes and ramifications and how it can be managed  in any country. Money is a used for acquiring goods and services and when the price of goods and services rise we say that inflation is taking place. The price of something depends on many factors but two of the primary ones are 1. Demand and supply balance 2. Extent of Money Supply.   Both factors are easy to understand. If a commodity becomes in short supply then its price tends to rise. If apple crops have been destroyed by untimely frost then apple prices will rise. If the demand for a product increases then too its price rises but if demand falls prices fall or crash. The balance of demand and supply is one of the f