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E.O. 11110 was never reversed by President Lyndon B. Johnson and remained on the books until President Ronald Reagan issued Executive Order 12608 on September 9, 1987 as part of a general clean-up of executive orders. E.O. 12608 specifically revoked the sections added by E.O. 11110 which effectively revoked the entire Order. By this time, however, the remaining legislative authority behind E.O. 11110 had been repealed by Congress when Pub.L. 97-258 was passed in 1982.
Originally posted by kwakakev
The purpose of the economy is to facilitate trade amongst supply and demand. Different economies have been backed by different rules and resources over time and location. Basically it is about measuring the social input of the individual and allowing them to reclaim their input from society with other goods and services. This basic ledger has become very distorted and corrupted over time as some individuals through might and other techniques have taken what was rightly due to someone else. Now we have many people living on $1 a day while a few others are on Billions of dollars a year. This measurement of social input has lost its way.
There maybe some parts of the economy that add up to zero, but this is because these systems are worthless. The real value of the economy is seen in the cities, towns and other places people live with the resources they have and share. For an economist to say economics is a zero sum game means that they are tired and confused with all this mess that fails to add up. They have lost sight of what the economy was suppose to do.