Monday, January 14, 2013

So why the hell would anyone want to export? Better have a REALLY good reason!

(commentary posted by Roger Erickson)


Is exporting better than just being a merchant preying upon neighbors, with no greater plan? Just a habit to feed? Not all merchants start that way, but habits can be addictive.

St. Louis Fed: Why external trade finance is critical to exporters.

In their own words, exporting is an "externality" that can easily cause as much distributed harm as personal benefit. To an organized community, trade is never free, and must always be intelligently managed.
How can merchants argue for both "free trade" AND export controls?

Depends on who's controlling the export markets! Go out and buy your own Congresspeople. (Ummm .. if we already own them, why are we selling them?)

Didn't some wag say that "The Financial Sector is a lot More Trouble Than It's Worth" (FSMTTIW)?

Planck & Boltzmann once argued that there are no absolutes, only probability functions.

So surely, over 90% of the time, the output of the FSMTTIW probability function indicates that the FSMTTIW? :)

Externality Merchants like the St. Louis FED lobbyists seem to be the only ones who don't think so! Surprise, surprise.

Here's an idea, have the FDA mandate that Externality-Snake-Oil be subjected to the same statistical burden of proof that pharmaceutical clinical trials are. Heck, then we could pay all the unemployed to participate in Financial Clinical Trials! (aka, White Collar Crime :( )

Pre-pay victims so that they can be robbed? Wotta concept! :(

That's rather like stocking private hunting ranges. :(

Is that how the 1% see the Middle Class?

Middle Class Looting - 2.0
(For the refined family, looking for exotic entertainment.
If you have to ask the price, you can't afford it.)

Capitalism, Exporting & Middle Class Looting Testimonials, available in your daily market report.
(Paying members receive guides, transport & all gear, including Golden Parachute rescue guarantees.)


No comments: