So? As usual, the adaptive path is indirect. It's about neither curtailing currency hoarding, nor attempting to stabilize the value of currencies whose Fx & buying power must float. More directly, it's really about maintaining adequately distributed buying power for all citizens.
There are 2 approaches to solving this, and we're stuck in gridlock on the first one.
1) Stop the useless hoarding of currency that's already fiat? How?
(We've been at that for 100 years. Existing regulatory costs BY THEMSELVES don't scale, so we keep returning to the lunacy of suggesting no regulation at all! Something additional is called for. Besides, it's a bit silly to worry about running out of fiat. Which matters more, how much fiat someone steals, or what they can buy with it?)
2) Stop letting currency hoarders scare everyone into not replacing needed currency when & an as needed.
Those hoarding fiat are the same people who lobby most strongly to NOT let the buying power of their hoarded currency fall. They are the "Deficit Terrorists." In contrast, if enough buying power was always distributed so as to let workers efficiently consume what they are capable of producing, then:
a) excessive hoarding of currency would be self defeating;
(peak value would be in hoarding coordination capabilities, not depreciating paper;
hoard access to dynamic, not static value)
b) unemployment would not be a factor;
c) entire populations could continuously explore their options, instead of stagnating;
d) we would divert less attention to investigating, prosecuting & incarcerating currency hoarders.
If a bunch of dumb cells can make a functioning human body, then why can't a bunch of supposedly smart humans make a functioning national economy?
This ain't rocket science, by any stretch of the imagination. It's simple system dynamics.
Any systems or circuit engineer could make it work - if given a chance.
12 comments:
if the politicians understand this, why do they allow themselves to be bought? so they, to, can become "fiat currency hoarders"? or maybe they are just evil
@Dave;
I seriously doubt if many politicians understand this at all. The few that do obviously do allow themselves to be bought.
The age of politicians is long gone. Politics as we practice it simply will not scale.
To "do no harm" while serving in any national policy position requires far more knowledge, training, experience & practice than nearly every one of our current Congresspeople possesses.
It's our electorate that has to step up and start putting far more competent people into all elected bodies.
surely the ones that have been there for awhile(like boner) know how the system works
"surely the ones that have been there for awhile(like boner) know how the system works"
Politicians can remain ignorant longer than you can remain solvent. :(
In fact, our own relatives & neighbors can. Admit it. If most economists can remain blithely unaware of changing banking operations, why would politicians be immune.
Actually, here's proof. Look at the members of the Catfood Commission.
http://en.wikipedia.org/wiki/National_Commission_on_Fiscal_Responsibility_and_Reform
I rest my case.
how can a group spend so much on iraq and afganistan, and never wonder how in the hell we are going to pay for this? and then not raise taxes to fund it? if ever there was a time to be "patriotic" wouldnt it be during war? i wonder if they realize just how f%&king stupid they look? they have to know
Politics is about power. Two of most corrupting influences socially are power and wealth, and they often go hand in hand. The acquisitive mindset is mostly about accumulating wealth, while the political mindset is mostly about accumulating power.
Actually, the level of stupidity has risen to the level of lunacy. I was just now discussing this with a friend on a Skype call, as a matter of fact.
this is cool, i wondered if a person could or not, found out today you can(not that i want to, but you never know) http://ssa-custhelp.ssa.gov/app/answers/detail/a_id/512/~/receiving-social-security-benefits-when-living-overseas
Lots of older people retiring outside the US now, not only because of the lower cost but also the higher quality of life. If you aren't dependent on employment anymore, makes sense to shop around.
43, got a ways to go before retirement. bill hicks on the deficit and belt tightening, very good http://www.youtube.com/watch?v=7DX9T6A4lsk
dave,
" i wonder if they realize just how f%&king stupid they look? they have to know"
imo They do NOT realize how stupid (moron) they look, in fact to the contrary, they still think they are the wisest people in the room.... this is part of their problem ie their vainglorious reasonings work to make them stupid.
And I take the position here at MNE that they DO NOT know, they are stupid and disgraced.
If they in truth really understand how our FFNC currency systems operate but act as if they do not, they have to be the most perfect conspirators and actors in world history.
They either have to be the perfect conspirators or stupid, I take up the case for the latter; they are simply being made stupid in this.
Doesnt look like they can get out of it, so we probably have to go around them, but they still have to be exposed as the disgraced morons they are as a first step.
rsp,
"how can a group spend so much on iraq and afganistan, and never wonder how in the hell we are going to pay for this? and then not raise taxes to fund it? if ever there was a time to be "patriotic" wouldnt it be during war? i wonder if they realize just how f%&king stupid they look? they have to know"
This has been discussed recently. There is no compartment for war expenditure in their possum sized brains. As it only exists in some kind of fluffy, ethereal, alternate reality....War expenditure can be infinite with no taxpayers money required.
Post a Comment