Bill B. May, PhD
Bill B. May was raised on a farm near Sturgis, South Dakota, during the Depression and WWII. After high school, he chose to attend a nearby technical college, the South Dakota School of Mines and Technology earning a Bachelor's Degree and a Master's Degree both in Electrical Engineering. With a wife, one son and another on the way, they headed for California so he could pursue a PhD in EE from Stanford University. To support the budding family, he worked at the Stanford Electronics Laboratories in the position of Research Engineer while receiving his degree. He continued on at the Laboratory working on classified projects for the Department of Defense.
In the late 1960s, the anti-war protests came to Stanford and the building where Dr. May worked was occupied by protestors of the Viet Nam War. The protestors eventually left the building, not much worse for the wear, but they subsequently convinced the University to ban any further classified work.
Dr. May and seven other employees of the Laboratory formed a company in 1969 called ARGOSystems to continue their work for the government and to pursue actual product in addition to their previous research efforts. The company grew steadily and in 1982, Dr. May led ARGOSystems in a public offering of stock. Growth continued thereafter and the company was purchased by The Boeing Company in 1987. Dr. May remained with Boeing as a Vice President until his retirement in early 2002.
Since that time, Dr. May has advised companies and charities, mostly through Board of Director activities. He currently serves on the Board of two companies and The Tech Museum of San Jose. Since retirement, he has developed an interest in economics, finding that his philosophy closely matches that of the Austrian school of economics.
These experiences led him to express his thoughts to the outside world through two web sites: NewsBalance.com and Cavemannews. As a result of these efforts, the caveman concept was formed in order to keep economics on a simple level. As with many fields, the participants use some long words to define certain processes that are simple in concept. Economics is no exception. After writing many articles (and reading many more), Dr. May decided to incorporate his ideas into a book, this book. The intention is that this book will be understandable to the average citizen, who is unschooled in economics.
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The Caveman Explores Politics and Economics
This book is designed to present to the reader in simple terms how government and economics work. The basics are examined in the context of a small caveman tribe and then related to the modern world. It explains monetary inflation and deflation, the creation of money by the banking system, and why tax receipts may increase with lower tax rates as well as many other aspects of the economy.
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