LETS TALK ECONOMICS: I WILL BE ANSWERING ECON 101 QUESTIONS

[Ras]

Thank you guys, i think i have answered all he questions,

let us know if there are anything else,

phewww, literally took out a good few hours to answered all of the questions i have not had time fo in the last few days,, but it was worth it,

thanks lads,

Jk aside I benefitted a lot and inshallah there'll be more in a future podcast.

Send me a link to that Google drive when you can.

 

[Farahslayer]

How can I be rich but without working and also without gambling?

 

[repo]

Tom Woods (tom woods TV you tube, economic historian)

Henry Hazlitt

peter boettke

Peter schiff,

murray rothbard

thomas sowell

joseph solerno

irving schiff

von Mises,

von hayek

don boudreaux

benjamin powell of taxes uni

milton friedman

george ayittey only black african free market guy i know about

johns Stossel, not an economist but libertarian thinker of free markets and limited government

basically people of the Austrian school,

though a real doctor he knows his economics,

Ron paul, ron understands more about economics than many so called keynsian economists

also Bob Murphy of the Austrian school

tarek el-diwani

walter williams, black economist great genius just like thomas Sowell, infact a student of sowell


ancient economist or from 200 years plus:

JB Say , ever heard of Say's law?

Fred Bastiat

carl menger

richard cantillion, irish french economist, from 1700s, first man to explain how bank credit creation creates boom and bomb cycle

salamancan school founders, :
Francisco de Vitoria,
Martn de Azpilcueta Navarrus

these guys on top literally wrote and invented modern economics, money, banning riba, lower taxation, subjective utitlity centuries before adam smith was even born


Ibn Khaldun

ibn Masri

Al arabi

adam smith

Richard Cobden, Cobden centre free economic think tank

basically if they respected gold as money, free markets, free trade and no or no taxation and limited governance and a strong federalism to spur competition between states for entrepreneurs and innovators in business i admire them,

thus will include Seneca, Cato, Cato the younger that is,

i also like stoic philosophers, very practical philosophers how to deal with life, but i will stop there since they are not economist per say but they wrote about limited government, honest money i.e. gold and not creating inflation etc,

What about Paul Krugman why is he promoted a lot in the media?

 

[Farjano-Walad]

Jk aside I benefitted a lot and inshallah there'll be more in a future podcast.

Send me a link to that Google drive when you can.

sure bro, i cannot send PM messages now, once i can insha Allah i will add you

for some reason they will not let me message people

 

[Farjano-Walad]

What about Paul Krugman why is he promoted a lot in the media?

i have already talked about him bro in one of the voice notes,

 

[Farjano-Walad]

How can I be rich but without working and also without gambling?

Let me know if you ever discover such secret bro

 

[Gadhwayne]

If i was president, insha Allah, say Jubaland or DDS, i would force every minister, civil servant to wear cameras and submit their bank details so we can check where their money comes from, exile for 40 years any leader/minister who takes a bribe and make sure they are younger than 40 years of age and qualified, educated, trained,

then have a meeting twice a week to see results, any minister whose office doesn't deliver my targets i will fire him and send him out, let them know they are servants to the nation and not her masters,

create a 5 year vision, 10 years, 20 years and 30 years plans for development and make sure every president before he leaves office makes sure he hand picks a mentored guy to follow the vision to the tee

separate state and economics, give the private sector a massive freedom to set up a business and trade and never ever interfere with them, 100% free market no bribes needed, no need to even ask a greedy minster permission to start a business,

have a secret police to test and honey trap leaders/ministers/civil servants and if they take bribe kill them as an example, Umar ibn Khattab did this secret entrapment, BUT HE DID NOT KILL, he tested them with honey trap and they were so scared of it they were always honest,

limit terms of presidents to 1 term but give them a little more time in office, say 6 or 7 years

f*ck democracy, the parties will hand pick well trained men to lead each region, the people i fear will pick men based on bribes, personality, his handsome face is better than the next fella etc,

in return the state will stay out of economics and focus on foreign policy, defence and monetary policy, never dictate who makes what and where

central bank will be made 100% independent so the state doesn't sue them and create inflation, siad barre did and so did every somali leader, heck we dont even need a central bank,

make sure every civil servant sits a test with cameras on him/her so no cheating, we need the bloody best and most educated,

make sure the state doesn't employ more than 2% of all workers, we need a small state with limited powers and thus less corruption, the UK had only 4000 civil servants in 1880, height of her power, today the UK state employs 6 million workers, 20% of all workers to run one country, why the need for this bloated state? to eat money?

we need a limit state where people get higher wage from the private sector, the state hiring majority of workers create massive high taxes, bad actors, and breeds corruption and state capture, limit the bloody state, its a double edge sword,

eliminate state bad actors like feminist groups, socialist, anti business groups like communist, trade unions, ship them out if needed for anything dangerous to the state and friendly business atmosphere is bad

make sure ministers use public planes, no luxury cars, same wage as private sector and minimise the bloated state


have a fixed small tax rate to encourage growth, higher taxes are bad for business,

@Teeri-Alpha

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Better financial policy for greaterSomaliland, including DDS

 

[Rageedi]

Since they only teach neoclassical economics in uni , itd be interesting to hear your journey from neoclassical economics to Austrian economics sxb, Did you follow the Keynesian or Chicago school of thought before discovering Austrian economics

 

[Farjano-Walad]

Since they only teach neoclassical economics in uni , itd be interesting to hear your journey from neoclassical economics to Austrian economics sxb, Did you follow the Keynesian or Chicago school of thought before discovering Austrian economics

i have added you bro, check your email, junk or spam too, follow the link from the google drive link

 

[Rageedi]

i have added you bro, check your email, junk or spam too, follow the link from the google drive link

wallahi i checked the email, junk and spam multiple times, i didn't receive anything.

 

[Farjano-Walad]

wallahi i checked the email, junk and spam multiple times, i didn't receive anything.

i added you bro, it sent an email link, double check

 

[clearsky]

@Teeri-Alpha

have you read "The Doughnut"? I started it a couple weeks ago and I like the basic idea of how infinite growth is impossible and we have to balance between over consumption of resources and poverty.

 

[Farjano-Walad]

@Teeri-Alpha

have you read "The Doughnut"? I started it a couple weeks ago and I like the basic idea of how infinite growth is impossible and we have to balance between over consumption of resources and poverty.

No bro, send me link if you can

and no such thing as infinite growth as long as there is free market with free prices resources will be best allocated where it has the highest perceived value

and there is enough resources for 100 times the human population, why would Allah create humans and not provide for them? its a shirk, the issue is not concern for if there is enough resources, there is, its how its shared, Allah did not create poverty for poverty is man made, made by those elites who do not share it with the ruled class or limit their rights to work or obtain said resources -e.g somalia, many africa nations who robe their own kind, Saudi royals who take most of the oil money, banks owners who practice riba etc

are you telling me Allah has made Congo poor? it has way more resources than the entire planet can need, but its stolen,

so please lets stop with this silly over population, lack of resources etc

 

[Sloane Ranger]

@Teeri-Alpha
what are your thoughts on the UK economy recovering from Covid19 and the impact of Brexit ?

By the way is your educational background in economics?

 

[Farjano-Walad]

@Teeri-Alpha
what are your thoughts on the UK economy recovering from Covid19 and the impact of Brexit ?

By the way is your educational background in economics?

the sooner the lock ends the better, the longer it goes on the more it will destroy the economy,

one does not need to be an economist to understand how the first lock down killed 9 million UK jobs and the state printing 30-60 billion each month which is inflation does not help, and this second lock down will not just kill the economy but kill innovation, free prices, the pound will be weaker thanks to massive money creation ala Zimbabwe style

as a tory i am really disappointed by this government, we should have done a Sweden, he should have ignored all the moaning's of the media and not shut the economy like this with virtual curfews and massive areas lock down

its already too late, even if we try to stop this semi lock down tomorrow it will take years to recover

if you live in the UK, buy gold if you have savings, do not save UK pound, they will print this money like there is no tomorrow,

Buy gold and silver as investment, keep savings in gold and silver if you can

and yes, my background is in economics/economist

 

[Ras]

@Teeri-Alpha what do you think is the most optimal way for the Somali government to manage property titles and rights after 20 years with no government.

Are the new land developments after the civil war legally protected?

 

[Ronaldinho]

What you think of forex trading? Is it sustainable income? I heard markets know most strategies forex traders do and the odds are against them is this true?

 

[clearsky]

No bro, send me link if you can

and no such thing as infinite growth as long as there is free market with free prices resources will be best allocated where it has the highest perceived value

and there is enough resources for 100 times the human population, why would Allah create humans and not provide for them? its a shirk, the issue is not concern for if there is enough resources, there is, its how its shared, Allah did not create poverty for poverty is man made, made by those elites who do not share it with the ruled class or limit their rights to work or obtain said resources -e.g somalia, many africa nations who robe their own kind, Saudi royals who take most of the oil money, banks owners who practice riba etc

are you telling me Allah has made Congo poor? it has way more resources than the entire planet can need, but its stolen,

so please lets stop with this silly over population, lack of resources etc

I´m not really convinced of overpopulation but by resources I mean climate change (I guess you can add any non-renewable resources here like sand).

I only have a physical copy but here is a TED Talk she gives:

" and no such thing as infinite growth as long as there is free market with free prices resources will be best allocated where it has the highest perceived value"

what do you mean? isn't the economic system built on the assumption that economies will always grow? shareholders assume businesses will always grow?