Nothing Makes "Sense?" Because WE THE PEOPLE Put Sociopaths In Charge Of National Policy! Time For AGGREGATE INSISTENCE On Something More Adaptive.

   (Commentary posted by Roger Erickson)

How many times have you heard someone exclaim: "Reality seems so IMPLAUSIBLE!"

Unleashing the dogs of Idiocracy

(Kudos to Natalie Brown!)

Paul Meli: "What happened to a simple understanding of accounting?

Seems like the default starting point of understanding is complicated

beyond belief. Hence the following timeless quotes from JKG."

...

“The process by which banks create money is so simple that the mind is repelled.” - John Kenneth Galbraith

"It is a far, far better thing to have a firm anchor in nonsense than to

put out on the troubled seas of thought." - John Kenneth Galbraith

...

"It's a travesty, and sad commentary, that JKG's quotes are timeless.

The 1st concept repels only because the 2nd one has already

become accepted as reality." [Me]

People really will do anything in their power to avoid thinking ... 99% of the time. We only have to prevent that last 1% from sealing our fate. Please teach your kids to question EVERYTHING, at least once a year, all their life.

How did things get to this state? And when do we allow our kids to learn better? When we elect the second, actual independent, president? The only one since George Washington? Or something even more adaptive? Isn't it time to take our leashes off?

End political leash laws.

Our entire government, and press, is acting as though 1933 never happened.

commentary by Roger Erickson

Van Hollen Calls Simpson-Bowles a Framework for Debt Deal
Representative Chris Van Hollen, the House Budget Committee’s top Democrat, predicted the proposal by President Barack Obama’s 2010 deficit panel will be the “framework” for averting the so-called fiscal cliff of spending cuts in January.

Has no one in policy or journalism ever heard of William Vickrey, or Marriner Eccles, or FDR, or even fiat currency itself - let alone modern currency operations? Do they really think we're still on a gold standard currency system, or that they can simply continue to lie outright to a public whose intelligence they treat with complete disdain?

Talk about a COMPLETE abdication by the press of its responsibility to challenge political statements and financial lobbies! I'm beginning to wonder if any journalist now working reads anything except lobbyist press releases. No one seems prepared to just do their job - to just think, and simply ask useful questions.

I sent this to the Bloomberg journalist who wrote this story, James Rowley, and cc'd Warren Mosler. Let's see if Rowley responds, and rises to the occasion.