An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Pages
▼
Pages
▼
Sunday, August 29, 2010
Thoughts on the economy while enjoying a gorgeous day at the beach!
Economic Recovery? Permanently close the doors of the economics department in Chicago, Harvard and Boston to stop the re-production of zombie ideas and the ongoing brainwashing of innocent students and the public. Hand out pink slips to the upper staff at the FED, the CEA and the CBO for economic incompetence and ignorance. These people were unable to see an 8 trillion housing bubble, slept while macro 101 class and produce nonsensical economic outlooks in regard to future federal budgets. Only then we can reboot the economic engine.
BTW, production quality for the beach is excellent. Great picture and decent sound. Pretty amazing with the equipment I saw reflected in your glasses. You have a production studio. I hope you will make more use of it. Good format, good presentation, and great content.
The video format also enables you to convey the emotion behind the logic. Powerful. Makes one think, "So where is the outrage?" The public needs to wake up before its too late. The politicians and mainstream economists aren't going to.
Nice comments, thanks! I guess I should hang out at the beach more.
This was Jones Beach at 10am Saturday morning. People don't believe me when I tell them it's Jones. Beautiful. Sand so clean you could eat off it. All just 35 minutes from Manhattan.
When you understand the potential of fiscal policy, as a just and righteous person, it's hard to find yourself not lamenting about what 'could be' in these types of quiet personal moments anymore.
Ramanan said in another post something like 'time only moves forward' and the lost output keeps piling up, never to be able to be recovered for those who are losing out.
I am 110% sure that those of us in paradigm, and having empathy for those amoung us who are being screwed in the current economy our 'leaders' are delivering, we who are then trying to promote corrective policy have the moral high ground here...we have to stay motivated.
Yes, it is an HD point and shoot. I don't recall the brand, it's at home, but I know it's a very cheap Chinese model. Works fine as you can see. I'll get back to you on the brand.
Economic Recovery? Permanently close the doors of the economics department in Chicago, Harvard and Boston to stop the re-production of zombie ideas and the ongoing brainwashing of innocent students and the public. Hand out pink slips to the upper staff at the FED, the CEA and the CBO for economic incompetence and ignorance. These people were unable to see an 8 trillion housing bubble, slept while macro 101 class and produce nonsensical economic outlooks in regard to future federal budgets. Only then we can reboot the economic engine.
ReplyDeleteBTW: Very cool sunglasses!
Very nice comments Mike.
ReplyDeleteStephan,
ReplyDeleteI agree. Get rid of Harvard, Chicago and most of established economic academia.
Jones Beach? Where is everyone? Incredible.
ReplyDeleteBTW, production quality for the beach is excellent. Great picture and decent sound. Pretty amazing with the equipment I saw reflected in your glasses. You have a production studio. I hope you will make more use of it. Good format, good presentation, and great content.
The video format also enables you to convey the emotion behind the logic. Powerful. Makes one think, "So where is the outrage?" The public needs to wake up before its too late. The politicians and mainstream economists aren't going to.
Tom,
ReplyDeleteNice comments, thanks! I guess I should hang out at the beach more.
This was Jones Beach at 10am Saturday morning. People don't believe me when I tell them it's Jones. Beautiful. Sand so clean you could eat off it. All just 35 minutes from Manhattan.
Mike I echo Tom's sentiment.
ReplyDeleteWhen you understand the potential of fiscal policy, as a just and righteous person, it's hard to find yourself not lamenting about what 'could be' in these types of quiet personal moments anymore.
Ramanan said in another post something like 'time only moves forward' and the lost output keeps piling up, never to be able to be recovered for those who are losing out.
I am 110% sure that those of us in paradigm, and having empathy for those amoung us who are being screwed in the current economy our 'leaders' are delivering, we who are then trying to promote corrective policy have the moral high ground here...we have to stay motivated.
Resp,
Don't forget all those genius physicists and engineers who turned to financial engineering - a lot were from Russia Germany and Japan.
ReplyDeleteMight do well to close those states as well ..
Mike..is that a HD point & shoot camera you used. What the brand & model.
ReplyDeleteBrantley,
ReplyDeleteYes, it is an HD point and shoot. I don't recall the brand, it's at home, but I know it's a very cheap Chinese model. Works fine as you can see. I'll get back to you on the brand.
Thanks....look forward to knowing. Nothing like cheap and excellent.
ReplyDeleteBrantley,
ReplyDeleteThe camera is the DXG-595V HD. I think I bought it at Walmart.com.
Thanks Mike, I appreciate that!
ReplyDelete