Helping the City of Whittier in Love & Service

What is an Economy

Survival of the fitest.

Resume

As a local business owner with dozens of employees, multiple satellite locations, & a Biblical worldview, I believe in building a business that profits both the community and its employees. After 5 years of serving in the United States Navy, I collected 5 months of unemployment & used 3 months ( approximately 5,000 dollars ) to start my first company. Within 12 months I built a team that generated over $100,000 dollars at the end of 2013, my first year in business.


Philosophy

Regardless of your ideology, values, or philosophy towards Wealth, and Supply & Demand, there will always be a need for businesses. My philosophy on business is that it tests one’s ability to manage Wealth and balance Supply & Demand. Business requires intelligence, wisdom, vision, people skills & leadership. All of these can be developed, except maybe leadership. My leadership philosophy is that people either have it or not. Business cannot exist without leadership.


Economy

The United States competes against other countries, in the same way, businesses compete against others companies in their industry. The US economy looks to people & businesses to grow. Whittier’s economy is dependent on people & businesses.

WHAT IS AN ECONOMY:
1. Everyone plays a role in economics, elected officials play a larger role in economics. When more people care about their economy and how it functions the better it is for society.
2. Every policy or law has consequences. Some consequences are positive, many are negative, and virtually every policy carries unforeseen consequences with ripple effects.
3. Capitalism is the least oppressive or racist system for allocating resources. Capitalism works better than virtually any other economic system in history. Very few people understand what an economy and even fewer voters understand how wealth is created.
4. Economic efficiency is critically important to increase standards of living and general happiness. People need to be motivated and encouraged to move an economy forward. This requires leadership but for many people it is greed.
5. Government interference in free markets is almost always bad because it overrides the majority of people's decisions and creates unintended consequences, such as corruption, inflation, unemployment, and waste. Historically more regulation leads to a weaker economy.
6. Educated consumers who are disciplined in their spending are best for an economy. Transactions among willing, informed participants are mutually beneficial for people & businesses.
7. Economics is about the allocation of scarce resources that have alternative uses. Economics is not about money; it's about the underlying resources that money and prices represent.
8. Economics is about trade-offs, not government handouts. The term trade-off is often expressed as an opportunity cost, which is the most preferred possible alternative. A trade-off involves a sacrifice that must be made to get a certain product or experience.