Wednesday, September 19, 2012

Can We Transition From Hoarding Static Assets, To Hoarding of Coordination Capabilities?

commentary by Roger Erickson

How do people like this get tenure at the Princeton Economics department?

Beyond Our Means: Why America Spends While the World Saves

For Pete's sake!  With orthodoxy like this, who needs Luddites?

How do we further accelerate the transition from inefficient hoarding of static assets, to hoarding of coordination capabilities? Is another world war the only way to demonstrate the return on coordination ... once again? Are we still that dumb?  Given the transition to a fiat currency, what fool would persist in trying to hoard fiat?  ??  Does the concept of "use it or lose it" exist in economics?  Especially when applied to dynamic vs static value?

What part of dynamic, scalable "teamwork" in a social species, and among citizens of an organized nation-state does the Fed not understand? Which part of that does the typical orthodox economist also not understand?

How about we at least stage Rhyme of the Ancient Marriner Eccles as a play, in every highschool in America? I'd pay just to NOT have to see Music Man ever again, or Death of a Traveling Economist.

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