Monthly Archives: September 2013

Cornelius Vanderbilt an American Entrepreneur

Cornelius Vanderbilt was born on May 27, 1794 at Port Richmond, Staten Island, New York . Vanderbilt grew up in poverty. At the age of 11, Cornelius quit school and started working for his father’s ferry business, in New York Harbor. While working for his father, Cornelius’ interest in boats grew. He learned everything he could about the shipping business.

Cornelius Vanderbilt, three-quarter view.

Cornelius Vanderbilt, three-quarter view. (Photo credit: Wikipedia)

Vanderbilt started his own  ferry business by age 16 with only one ferry boat. During the War of 1812, Vanderbilt was awarded a military contract to deliver supplies to the forts along the Hudson River. As time went on Vanderbilt’s sailing boats and ferries started lagging behind the steamboats so he sold his sailboats and went to work for Thomas Gibbons. While an employee for Gibbons, Vanderbilt learned to manage and operate a large business. By the time Vanderbilt was about 35 years old he started his own steamboat company and in ten years it grew to the size of 100 steamboats. Vanderbilt had a great ability to steal customers away from his competitors. His business philosophy was to have the best service for the lowest price. This was the key to his success. Vanderbilt saw the opportunity of the California gold rush and expanded his business to oceangoing steamboats. His business prospered and he became one of the first American millionaires. In the 1860s Vanderbilt expanded his business once again with the advent of the Iron Horse. Vanderbilt seized the opportunity and started to buy up railroad companies. He applied his business philosophy to the railroad industry and in five years he reportedly made 25 Million dollars. His railroad empire soon expanded to 13 railroad companies and covering the northeast United States. Cornelius Vanderbilt died on January 4, 1877 at the age of 82. The majority of his fortune went to his son William. In 2007 dollars his net worth at the time of his death would have been 143 billion U.S dollars. Vanderbilt succeeded because he offered the best for the lowest price. He also lived during a time when the United States government interference into the business sector was limited to its Constitutional boundaries.

Advertisements

Plunder Made Legal

The origin of plunder is the desire to live at another’s expense. Bastiat defined plunder as follows;”When a portion of wealth is transferred from the person who owns it-without his consent and without compensation, and whether by force or by fraud- to anyone who does not own it, then I say that property is violated; that an act of plunder is committed.” There are two kinds of plunder: the first is illegal plunder and the second is legal plunder.

English: Cover of the 2007 edition of The Law ...

English: Cover of the 2007 edition of The Law by Frédéric Bastiat (Photo credit: Wikipedia)

Illegal plunder is robbery and is punishable by law. Legal plunder is when the law takes from one person to give to another, it benefits one citizen at the expense of another. Legal plunder comes in many ways and names. Tariffs, benefits, subsidies, public schools, minimum wages, free credit, and so on, these are all legal plunder. Legal plunder is socialism. Legal plunder is a great evil because it erases the conscience of a nation to clearly see the difference between justice and injustice. The result of legal plunder is the loss of moral sense and of respect for the law. No society can prosper without a respect for the law. To regain moral  sense and the respect for the law we have only one option and that is”nobody plunders anybody.” Frederic Bastiat proclaimed,”No legal plunder. This is the principle of justice, peace, order, stability, harmony, and logic.” Our laws should protect and defend our rights to life, liberty and property and not to condone legal plunder as is the case with our government. We have to go back to our Constitution or our nation will destroy itself.

Is Online Education Bad For Society

When you talk to certain economists about online education, they say it is bad for society because it puts classroom teachers out of work. The economist states this because he is only looking at that which is seen. He is avoiding that which is unseen.

Frédéric Bastiat

Frédéric Bastiat (Photo credit: Wikipedia)

Frederic Bastiat, a French statesman and economist, wrote an essay entitled “That Which is Seen, And That Which is Not Seen.” In it he wrote that in order to be a good economist you must also look at that which is unseen. He gave an example titled “The Broken Window.” A mischievous boy threw a rock and broke the bakery window. The townspeople come to see what happened. One of the townsfolk said that the boy has helped the economy by breaking the window. He continued his statement by saying that the baker now has to buy a new window which gives the window maker business and in turn the window maker buys glass giving work to the glass maker. See, he said, how the broken window has helped the economy? The baker came out and objected, do you know that there is also that which is unseen? If the window wasn’t broken I could have used the money to buy myself a suit, giving business to the tailor and the tailor would have gone and bought cloth giving the weaver work. When all is done and finished I would have helped the economy and still would have a window.

Now that we understand what Frederic Bastiat was writing about, we can look at the statement,”Online education is bad for society because it puts classroom teachers out of work.” This sentence only shows that which is seen; that online education makes teachers lose their jobs. The problem is that the unseen cause and effect is not taken into account. If the parents don’t have to pay taxes to support public schools they can use the money to enroll in an online class and still have money to buy other necessary things. The extra cash spent elsewhere gives jobs to businesses, which in turn increases revenue. The businesses can now hire the teachers who lost their jobs which lowers unemployment and thus boost the economy. Looking at the seen and unseen consequences, we realize that this statement is misleading. A good economist looks at the whole picture.

Three Stories That I Would Include In My Autobiography

The three things that I would like to include in my autobiography are my homeschooling experience, the first time I heard Dr. Kent Hovind, and, my political experience.

I would like to include my homeschooling experience because it was a big factor in my life. What if my parents sent my to public school? What would my beliefs be or what would I be? I was taught the truth during my homeschooling period and that has changed my life. I would also include some stories of my homeschool years.

The second thing I would add in my autobiography is about the first time I saw a Dr. Kent Hovind seminar. The first time I saw a Dr. Hovind seminar was in the summer of 2004. Before seeing Dr. Hovind’s seminars I knew not how to defend my faith in Biblical creation and refute evolution. I learned that science actually supports the Bible and not evolution. In 1 Peter 3:15 the Bible say “But sanctify the Lord God in your hearts: and be ready always to give an answer to every man that asketh you a reason of the hope that is in you with meekness and fear:” Kent Hovind helped accomplish this.

Last but not least was my experience with politics. In particular it was the Ron Paul 2012 UCLA rally. My parents taught politics in accordance with the U.S.Constitution long before the rally, but the significance of the rally was that I saw that there were many people who had same political views as we did. It also showed me the power of influence. The influence of Ron Paul, who united like-minded people all over the nation to help restore liberty. Thanks to all this, I can now help educate my friends. Lets fight for freedom and restore America to the intent of the Founding Fathers.

Three Things I Changed to Use My Time Better

 

The three things that I changed to manage my time better was to prioritize my activities, use a calendar, and set goals. Prioritizing is very important. All my activities should be on a scale of 1-10. School is #1, watching movies is #10 and so on. Every day I should do the activities with the highest priorities. Prioritizing my activities will almost be impossible without using a calendar. A calendar allows me to keep my activities in order and keeps me from spending too much time on one activity. After setting up the calendar, I started setting goals for my activities. Setting goals for my activities allowed me to make progress. Here is an example of how I prioritized my activities, used a calendar, and set goals. Here is a list of my activities consisting of school, piano, chores, and reading. As I prioritize my activities, school becomes #1, piano #2, chores # 3, and reading #4. After I have prioritized my activities, I put them into a calendar. School is from 8:00-2:00, piano from 2:30-3:30, chores are from 3:45-4:15, and reading is from 4:30-5:00. Next, I set goals for my activities. For school I have to have an essay written by Friday. For piano I have to have a classical song perfected by Saturday. For chores my goal is to clean the entire house in two days. For reading I should have a book finished in three weeks. Prioritizing, using a calendar, and setting goals has helped me to use my time more wisely.

The Family Government

Sovereignty, hierarchy, laws, sanctions, and succession characterize all forms of government including the family. We will look at how these five characteristics apply to the family government which is established through the binding vows the parents take when they get married. These vows become the source of the family’s sovereignty.

Sovereignty: “Who’s in charge?”

When it comes to family government the husband and wife are in charge of the family, they are the final court of appeal, they settle the children’s disputes. The parents also have the right to exclude other governments from interfering with their children.

Hierarchy:”To whom do I report?”

In a family the children are under the authority of the parents, they must obey their parents. There is also authority among the children. The younger children must obey the older children, unless the older children are contradicting the parents. The family hierarchy is parents, older children and younger children.

Laws:”What are the rules?”

The rules in the family are set by the parents, their word is law. If they say you have to clean your room every day than that becomes a rule and so on.

Sanctions:”What do I get if I obey or disobey?”

The right to impose sanctions in the family belong to the parents. If a child does clean his room everyday at the end of the week the parents can reward the child for his obedience. However if a child does not clean his room, the parents discipline the child for disobeying the rule they set down.

Succession:”Does this outfit have a future?”

In the family, when the children become adults they get married thus starting their own family. Family government is the longest lasting form of government from the beginning of the world to the present day. The family has always had a future.

Having looked at the five characteristics of government, we see how these apply perfectly to the family, the longest and most ancient form of government.

How You Can Control Small Expenses

One thing many of us forget is that a lot of small expenses tend to be greater than that of a few large expenses. In this essay, I will give you a good tip on how to control small expenses. The first thing you have to do is set priorities, with out it, cutting down on small expenses will be more difficult. In other words, rank your list of small expenses from most to least in importance. Once this is done allocate a small amount of money for buying the items or services on the list. After you have finished allocating money you have to allot a portion of the allocated money to each of the items and services on the list. Remember you can only use the allocated money, no borrowing, so decide wisely. Here is an example, I will allocate $10/week for small expenses. The list of small expenses include snacks, music, games, and movies. I now will allot money to each item on the list, snacks $2/week, music $2/week games $3/week, and movies $3/week. Notice that if you add all the money up, you get $10. Also you don’t have to buy everything every week, one week your priorities might be different, you may not want to buy any music so the money you use for music can be redistributed to the other items on the list. Prioritizing and allocating are good ways to control small expenses.