Topics in Economics and Business

Success is not a windfall of money. It is a way of life!

It requires adherence to high standards, good judgment and self-discipline!

"[Sustained] inflation is always and everywhere a monetary phenomenon." (Milton Friedman)

A word to the wise, always keep some reserves on hand. Get "over the top" and try  NOT  to spend your way back to the bottom!

Good Economics:

1. Have an income! This means that you must do one or more of the following for money:

   • (1) Trade the produce of your land; (2) get an education and a skill, and trade your knowledge and skill in an educational setting, and/or the merchandise and products of your knowledge and skill in a business or practice; (3) get a job and trade your labor; (4) make a profitable investment; (5) etc., etc.. Then be sure to do the following:

2. Live within your means and above E! This means that you must do the following:

   • Don't spend all of your income, but save some of it for (1) reinvestment purposes (a reinvestment fund to cover depreciation plus new investments) and (2) a rainy day (a contigency fund)! In other words, live on "a quarter tank of gas"--don't live on "E"! which means always try to refill when you get down to about a quarter--don't wait till you get down to E (you'll see the wisdom of this when you get into a jam)!

3. After all of the above, then be sure to keep up with inflation, on your own, or join a labor union to help you do so!

ENTERPRISE VAT ---- Is it the tax of the future?

Read more about it in the articles below:

6.   Post Dorian: How Value Added Tax Could Assist the Economic Recovery of Grand Bahama and the Abacos

            Power Point Presentation (pptx)          Full Paper 

5.   THE POWER OF VALUE ADDED TAX FOR ECONOMIC GROWTH AND ENHANCEMENT

            Read the Summary (PowerPoint Presentation)       Download the Full Paper

4.   The Introduction of Value Added Tax in The Bahamas: A Mathematical, Logical and Evidenced-Based, Theoretical Expose with Utilitarian Results     Excerpt

3.    Issues in Taxation and Merging Economies, Chapter 12 in The Bahamas in the 21stCentury, Part III: Special Issues,

2.   TAX ALTERNATIVES UNDER TRADE LIBERALIZATION: A MATHEMATICAL AND PHILOSOPHICAL EXPOSITION

1.   A Discussion of Tax Reform in The Bahamas in Light of Ongoing FTAA Negotiations <---------- A PowerPoint Presentation

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MISCELLANEOUS ECONOMICS and BUSINESS:

Gasoline prices going down?

Essentials of a Motivational Career and Salary Structure for Academia  (.docx)           Excel File With Template  (.xlsx)

GLOBAL NOTES ON THE BAHAMIAN ECONOMY     View or Download Paper

A situational analysis of poverty and inequality in The Bahamas   View or Download Paper

A discourse on privatization     View or download.

OTHER INFORMATIVE LINKS:

On Capitalism: https://www.nassauinstitute.org/victims-of-capitalism/