Richard Arthur Kelo - Automation Paving the Way for Unemployment

There are certain government policies that many of us take for granted as being beneficial on the whole, but in reality are hugely detrimental to the bigger picture. A lot of these occurrences take place in the world of economics, where ideas and policies are nuanced and blurred much of the time. Trying to understand the effect certain government economic decisions have on society requires education in the field, and being able to analyze the monetary and societal outcomes that they can have. Rick Kelo is one such classical liberal economic thinker, who uses the internet as a platform to do just this. His analysis is famed fro being articulate and concise, as he tackles some of the most pressing issues in contemporary society today.

Rick Kelo is certainly a Prolific Online Figure in the Worldof Economic Thought, and has built quite a following through his insightful writings. Having graduated from the prestigious Chicago University with an MBA in Economics and Finance, Rick Kelo  is well placed to make such informative analysis. On his blog he contends some of the most debated issues in American politics today, using his sharp eye for detail and foresight in the economic markets.

One such contentious issue taken on by Rick Kelo recently was the argument of minimum wage. Whilst on the surface, most would argue that minimum wage seems to be a good thing, helping workers get a fair level of pay which reflects the living cost in society, there is a flip side to the story. By imposing minimum wage on workers, governments in effect are having a negative influence on the rates of employment.

As wages go up, companies constantly seek to find ways to automate their services and products, and take away the rising expenses of workers. In doing so, more and more people lose their jobs to machines, and the unemployment rate rises.

One thing that is less contentious is that a high level of unemployment is very bad for every economy. By raising minimum wage, it is clear that governments would rather appease the people's short term aspirations, without having a wider scope and looking and the long term negative effects. For Rick Kelo, it is policies like this which need to be dispelled, and his internet blog is a great example of how educated individuals like himself can better inform the public of such matters. To find out more about Rick Kelo – A Mouthpiece for Age Old Economic Ideas, visit his page here.

Rick Kelo- Answering for the 2008 Global Economic Crash

One of the pressing questions in America over the past 8 years has been what caused the 2008 global economic crash. Few people outside of those with extensive finance and economic schooling and inside information can answer this accurately. Since that time, we have been analyzing the markets and build up to it, to find out exactly what went wrong. For academic and comprehensive answers to such pressing questions, any people today turn to Quora, the online question and answer forum. It is a great place for users to get answers to questions such as this from the experts, and get informative, unbiased and reflective answers.

You can find out about Rick Kelo - Understanding the Complexities of the Economy Video on Vimeo here. Rick Kelo is a classical liberal economist who has built a reputable online reputation. Quora is just one of the many outlets he uses to help educate readers on the current and past economic environments. His articles have proven t be hugely successful, and elevated him to legendary status among others in the same school of thought as he is.

Rick Kelo graduated with an MBA from Chicago University specializing in economics and finance. In this time, he soon found that the ideas of great thinkers such as John Locke, Benjamin Franklin and Ludwig von Mises had the best explanations on how a society should conduct itself and face the questions of economics. Naturally this pools Rick Kelo in the classical liberal economics school of thought, in which he is now an active advocate of.

For Rick Kelo, the economic environment leading up to the crash was caused by poorly thought through government policies, and complacency on the part of the federal finance institutions. If this is not worrying enough for readers, Rick Kelo goes on to suggest that the governments sway towards socialist economic policies means that within the next two years we will see a similar event. For thinkers like Rick Kelo, having a free market economics model, such as those employed in forward-thinking and prosperous models as implemented in Botswana for example, is the key to allowing the economy to thrive. IN doing this, the chances of economic crashes become slimmer, and offer a solution to making a more profitable and comfortable economy for everyone. Follow Rick Kelo on Tumblr to hear more about his ideas and articles.

Rick Kelo – Fighting the System Through Education and Information

Ask any average American how the economy works, and you will more than likely be met with a blank stare and a shrug. This is why Rick Kelo, a prolific online figure in the world of economic thought, has been using his online blog as a platform for education where he discusses the political and economic systems that have been over-complicated by world leaders and governments in today’s society. By doing this, governments have attempted to disengage the public from important discussions that have a huge impact on individuals’ lives, forcing the public to slowly relinquish its control over these issues. Intellectuals like Kelo, however, are using the internet as a weapon to combat the dangers of ignorant compliance. 

One topic that is particularly important to Kelo is the issue of Social Security. Known for his stimulating rhetoric that implores readers to critically consider many of the economic services that the government wants people to accept without question, Kelo wants people to understand that Social Security is actually a negative institution where only 0.04 percent of Americans are better off under Social Security than they are funding their own private retirement. 

Exposing the fault lines of our economies is Rick Kelo’s primary goal when it comes to his online blog, so why exactly is Social Security such a controversial subject? In a nutshell, the answer is a long-term shortfall. Social Security plans for solvency over 75 years, but because of demographic pressures and the weak economy, it is currently solvent only until 2033. After that, if reforms are not made, then it will only pay about three-quarters of its promised benefits. 

Another added strain on the Social Security system is the fact that the United States is in the middle of a retirement crisis. Many people have not saved up enough money to make up for the loss of traditional pensions, and the 2008 recession only made things worse. This means that most retirees will be heavily reliant on Social Security, which currently only pays only a little more than $1,000 a month. These are only a few of the reasons that Social Security is gradually becoming more and more obsolete in the modern economy. 

Of course there will always be problems with the economic system, but through education and speaking up, Rick Kelo believes that every citizen has the power to use their voice as a way to initiate much needed reform.