This is cultural parenting, from 2 years ago.
Weepin' Buddha on a decline! That was then. Has anything changed?Starbucks workers in Washington will write “Come Together” on cups this week to encourage U.S. politicians to reach a compromise to reduce the national debt.
National debt? For a fiat currency issuer? Someone should ask them how we can have a deficit in fiat. What does that even mean?
Listening to most of the press corp try to talk about fiscal policy is like listening to a troop of ballerinas trying to discuss ballistics.
Try as they might, everything they say is just totally out of context, and out of paradigm.
Marriner Eccles must be turning over in his grave - in despair at how ignorant of fiat currency operations his country has become.
Beardsley Ruml must have died from embarrassment!
Managing a fiat currency supply is always and only about inflation, deflation and enough liquidity to explore existing, highly distributed, options available to a citizenry.
Managing a fiat currency supply is always and only about inflation, deflation and enough liquidity to explore existing, highly distributed, options available to a citizenry.
At this time, we have a gross lack of liquidity for well over 80% of our - mostly idle & severely underutilized - electorate, NOT an excess of liquidity. There are things to be done & people eager to do those things.
Yet they're being told that their coordination can't be denominated. Why? We're out of denomination units. ?? Come again?
The talent available in this country could be accomplishing insanely great and unimaginable things. Instead, we're arguing about balancing fiat!!??? Is this a cruel joke, or just plain ignorance and lazy thinking? Comedy Central, or a nightmare of NeoLiberalism?
The talent available in this country could be accomplishing insanely great and unimaginable things. Instead, we're arguing about balancing fiat!!??? Is this a cruel joke, or just plain ignorance and lazy thinking? Comedy Central, or a nightmare of NeoLiberalism?
The Principle of Prior Plausibility is just a principle, it's not a NeoLiberal law. With some cognitive effort, we can wake up and change ANY maladaptive cultural-habit, not just personal thinking habits. Most people will do anything within their power to avoid thinking - so will entire Middle Classes - but not ALL people or all electorates, ALL of the time. Maybe 2% or less of humans constitute "Stem Thinkers," rather like stem cells.
The culture of the USA used to be a unique, thinking "Stem Culture," but now we've largely decomposed back to a collection of NeoLiberal dimwits.
The rest of you? How can one serve your country without at least taking the time to know at least a bit about the actual operations for the topic one is trying to talk about? Bloomberg's level of reporting is making an absolute joke of every aspect of our national security and domestic policy. Nearly the entire media coverage of fiscal policy is irresponsible & far past the point of Innocent Fraud. More like Irrelevant Insanity.
Arbitrarily insisting upon "balancing fiat," whatever that means - especially while disregarding any connection to REAL national context - is by itself only a superficial and out-of-paradigm way to insist upon national suicide. That's a cultural-habit that will break itself, the hard way, if YOU yourself don't help break it, sooner.
The culture of the USA used to be a unique, thinking "Stem Culture," but now we've largely decomposed back to a collection of NeoLiberal dimwits.
The rest of you? How can one serve your country without at least taking the time to know at least a bit about the actual operations for the topic one is trying to talk about? Bloomberg's level of reporting is making an absolute joke of every aspect of our national security and domestic policy. Nearly the entire media coverage of fiscal policy is irresponsible & far past the point of Innocent Fraud. More like Irrelevant Insanity.
Arbitrarily insisting upon "balancing fiat," whatever that means - especially while disregarding any connection to REAL national context - is by itself only a superficial and out-of-paradigm way to insist upon national suicide. That's a cultural-habit that will break itself, the hard way, if YOU yourself don't help break it, sooner.
...
On the other hand ... there ARE signs of hope, no matter how meager. :)
Brutal verdict from Generation Z. "Facebook is just for old people posting pictures of their kids and grand-kids."
Ok, enough of the good news (that scalable methods for public discourse ARE rapidly diversifying - maybe they'll reach a new, unpredictable critical mass). Meanwhile, back on the funny farm ... .
The parasite's NeoLiberal trick is in keeping 'em 99% fleeced, not 100%.
To re-shape this situation, maybe ask a 10yr old what insanely cool thing they'd most like to do, when they grow up. Maybe something like (but not restricted to):
1) live on the moon;
2) travel to Mars, or
3) reinvent another Golden Age here on planet earth.
If they say "that isn't possible," ask them "Why Not?"
If they're looking to us (or NeoLiberals) for options, that's OUR problem. If they wonder why we are constraining THEIR options ... then it's THEIR problem.
(Kudos to J. Paul Getty for triggering this generalizable concept.)
10 comments:
Yes, thank you for trying to point out that a sovereign currency never has a "deficit", an impossibility with such a fair monetary system ! We have been a "monetary colony" since Hamilton as I read...save Ben's, Abe's, FDR (maybe), JFK/RFK's fine efforts apparently.
Thanx for giving a visible text to read finally !
Another spurious quotation.
Mike its all of those f-ing Peterson people/orgs. in DC.... the place is infested with them...
Peterson probably called Schultz and got him to tell his shop in DC to do this "for the kids..." or some BS....
We have to figure out a way to effectively re-program/re-wire the synapses of the zombies .... Roger says it takes 1,000s of repetitions (ie what I call "immersion")... maybe there is another way we're missing...
rsp,
Bill: "Another spurious quotation."
Which are you referring to, Bill? And why?
I used to be one of those people a few years ago. It made so much sense because you could relate to it in the same way you could relate to every budget you ever had to deal with, personal, business, local gov't, monopoly money, etc. But after the GFU (that would be the Great Fuck Up) are kept asking myself, What is money? And kept looking for the answer and never could wrap my little brain around it. I was misdirected and thrown all over the place by probably well meaning souls. Money is debt, some would say. Ok, what is debt? It took a couple of years of digging and then everything began to click. I was looking at monopoly money from the point of view of a player, but when i looked from the point of view of the bank it became very different.
I have wondered what would happen if I did an experiment with people wherein I would give different groups of people a game of monopoly and one hour to play a game, the winner of which would get $100 real dollars. The catch is that I would give each group a brand new shrink wrapped box, but it would be missing the money when they opened it. They would receive no instructions about what to do and they could not leave the room until they finished playing the game or they would forfeit the winnings. I wonder how different people would deal with this problem. How would kids address it? Adults? Economic professors? Would anyone understand that the paper has nothing to do with anything? That it is just a point system?
It took a while for all this to sink in, and it was only because I was never satisfied and and I kept looking. But trying to explain this to my friends, whom I consider to be intelligent and concerned that we are being systemically screwed is still banging my head against a wall. It is only when i can repeatedly give example after example, one explanation after another, that I can get it (partially) into a few people's head, the US cannot run out of US dollars. I then need to challenge them, since they are making the claim, if think we can run out of something then you must know where it comes from. So where does it come from? They (including economic professors) cannot answer that. If you do not know how something comes into existence, you cannot possibly say when or if we can run out of it. So until they can answer that question, they are not allowed to make such a ludicrous statement.
Well said, Xan!
The example of Monopoly Game banking comes up often in MMT discussions.
Your idea of gently "herding cats" into a shared experience is just what we need to bypass all the incidental frictions inherent in redirecting people from prior presumptions.
The Principle of Prior Plausibility documents that it takes 10x as much convincing to undo programmed synaptic patterns than it does to form an adaptive pattern the 1st time.
The history of Monopoly can be traced back to 1903,[2] when an American woman named Elizabeth (Lizzie) J. Magie Phillips created a game through which she hoped to be able to explain the single tax theory of Henry George (it was intended as an educational tool to illustrate the negative aspects of concentrating land in private monopolies). Her game, The Landlord's Game, was self-published, beginning in 1906.[3] A series of variant board games based on her concept were developed from 1906 through the 1930s that involved the buying and selling of land and the development of that land.
Wikipedia-Monopoly (game)
That's amazing, Tom. Tragic, but amazing. Makes you want to pull your hair out.
What's that saying?
"The best time to co-opt any revolution is immediately, while the rebels are still thinking that they've won?"
plus,"It is impossible to speak in such a way that you cannot be misunderstood." Karl Popper
(especially with a little help, from those who WANT others to misunderstand)
Cultural semantics is the same as biochemistry - just on an even bigger, more labile scale. Adaptive coherence depends on exquisite tuning of demand for N! (factorial) sets of unique handshaking (only approximated), in order to usefully mediate full auto-catalysis among all N members of an aggregate. Plus, the context changes constantly!
That's why teamwork is a bitch. It's the only return that exceeds the cost of coordination. Therefore evolution is the simple statistics of "parking" energy. Whatever can occur, eventually will. It's not about dissipating energy, although that is an incidental byproduct.
http://www.businessinsider.com/groundbreaking-idea-of-lifes-origin-2014-12
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