No, I am not joking.
What, you say, isn't that rather like telling a 4th grade math class that they have to stop thinking? [Yes.]
Can't practice calculating, because they're using up all the "numeric representations!" [You got it.]
You couldn't make this stuff up! Is the intellect of our ENTIRE electorate AND all our vaunted "leaders" naked? [Yes.]
We have a plausible case for renaming Home Sapiens as Naked Emperor Penguins, although that might be insulting the bird brains.
The latest news from Rio Tinto seems like yet another portent of citizens rouge-DETINTING their own glasses.
Capital spending cuts at Rio Tinto
"The head of Rio Tinto's global aluminum business says it will .. pull back on capital spending around the world."Why? Why, because every such cascade extends back to a policy decision somewhere to reduce net, national fiat.
When extended to entire populations, reducing fiat seems like an odd strategy. Who on earth would suggest that? Our own parasites? That makes at least some sense. They might not want an overly vigorous host?
Yet what if WE are our own parasites? Then what?
It don't get much dumber than this. Shouldn't assisted social suicide be illegal too? No more Jonestowns, without prior manufactured consent. Wall Street's copyrighted the concept, but still wants everyone to drink the Kool-Aid? Yet ONLY at the new, markup price.
What's the message here? When confused and in doubt, that it's best for an entire nation to reduce net initiative, and sit motionless in the middle of the evolutionary road? Since life is warfare, what happened to our search for "bias to action" - aka, fiat; aka, initiative - as the survival prerequisite?
I've heard of antacids for an irritated stomach. But why "antfiat" for economies that are already stagnant and starved for initiative and distributed liquidity? The cure suggested - by someone suffering from DTs - is not only backwards, it sounds remarkably like Aesop's Fable of the Fat Banksters and the Middle Class Belly of Society. That is, an abject failure to think clearly. There appear to be only 3 kinds of economic advice - one works, one's too slow, and the last is disaster capitalsm by ISLMists.
Heck, at this point, maybe even a Cargo Cult Bank would help needed generate publicity?
Cultist: "How Come Banks Have All The Fiat Banking Reserves?"
Junior Cultist: "Hey. I got us an Idea! We can get us one them banks too! Even clunkier than theirs."
Earth to cultists. There's a better way. Instead of reinventing the wheel, just let our electorate direct OUR policy staff to regulate the fiat (and banks) that WE already have ... but ain't usin'? If we can envision a policy, we can envision ways to optimize it, not just replicate redundancy. If we could island-hop 60 years ago, why not bankster-hop today?
In a sense, Warren Mosler is right. At all times, an electorate neither does nor doesn't have tangible fiat. Cultural success tracks the on-demand generation and SELECTIVE application of fiat ... NOT it's per-capita suppression. Would that our electorate had more sense.
Yet what if WE are our own parasites? Then what?
It don't get much dumber than this. Shouldn't assisted social suicide be illegal too? No more Jonestowns, without prior manufactured consent. Wall Street's copyrighted the concept, but still wants everyone to drink the Kool-Aid? Yet ONLY at the new, markup price.
What's the message here? When confused and in doubt, that it's best for an entire nation to reduce net initiative, and sit motionless in the middle of the evolutionary road? Since life is warfare, what happened to our search for "bias to action" - aka, fiat; aka, initiative - as the survival prerequisite?
I've heard of antacids for an irritated stomach. But why "antfiat" for economies that are already stagnant and starved for initiative and distributed liquidity? The cure suggested - by someone suffering from DTs - is not only backwards, it sounds remarkably like Aesop's Fable of the Fat Banksters and the Middle Class Belly of Society. That is, an abject failure to think clearly. There appear to be only 3 kinds of economic advice - one works, one's too slow, and the last is disaster capitalsm by ISLMists.
Heck, at this point, maybe even a Cargo Cult Bank would help needed generate publicity?
Cultist: "How Come Banks Have All The Fiat Banking Reserves?"
Junior Cultist: "Hey. I got us an Idea! We can get us one them banks too! Even clunkier than theirs."
Earth to cultists. There's a better way. Instead of reinventing the wheel, just let our electorate direct OUR policy staff to regulate the fiat (and banks) that WE already have ... but ain't usin'? If we can envision a policy, we can envision ways to optimize it, not just replicate redundancy. If we could island-hop 60 years ago, why not bankster-hop today?
In a sense, Warren Mosler is right. At all times, an electorate neither does nor doesn't have tangible fiat. Cultural success tracks the on-demand generation and SELECTIVE application of fiat ... NOT it's per-capita suppression. Would that our electorate had more sense.
Instead of reinventing the wheel, just let our electorate direct OUR policy staff to regulate the fiat (and banks) that WE already have ... but ain't usin'? Rodger Erickson
ReplyDeleteSpeaking of wheels, an economy based on purchasing power that is lent into existence can be thought of as a reciprocating engine (boom-bust) while an economy based on purchasing power that is spent into existence is more similar to a turbine.
So why do many resist moving to a smoother, more powerful, more reliable private money form?