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Author, Armchair Economist, Serial Entrepreneur, Science Buff and Political Junkie

 

Listening to CNBC Forever Blowing Bubbles

I love to listen to TV when it is a forum for discussion of real problems. It is always easier to find the right answers if you can identify all of the people with wrong answers immediately. Of course some of the people that work on CNBC actually do know a lot about their single expertise. It is when they start passing out opinions about government and the Financial System as a whole that they exceed their competence.

Intermediaries Are Losing Power and Failing

The power of the intermediary in our industrial civilization is declining. Ask Michael Moore or Rick Waggoner and they both will agree on at least that one bit of reality. The truth about most of our lives is that they are driven by a small picture in which we play out our part in the world. When we are blown out of that picture, we face the ugly task of adjusting.
 

My Cat Invented Twittering Years Ago

Ah now it all comes down to this question. Do you Twitter? If you want to be popular, as in a celebrity, you should, you may, you must!

My cat does! But then she is still trying to become more popular with the birds that live around our house.

Sinking Slowly Beneath the Waves

Nobody quite knew how much trouble we were getting into with our fantasy that Financial Markets that are free are also unregulated. Now Iceland and Ireland are succumbing to a wave of global proportions. The wave of zombie banks will not recede until the Recession becomes a severe Depression in those two tiny nations. It is likely that damage will spread far beyond their borders. If they are the canaries we are the miners in this scenario.

Having the Wrong Debate

There are a lot of debates going on around the nation and the world related to the financial crisis or crises if you would have it so. The world is debating everything about this mess from how it was caused to how to end it. The debate is couched in simple terms and rare jargon complete with complex equations. All of this may be necessary but it is also mostly useless.

Left Flapping in the Breeze

So, our whole economic model may need an overhaul. We had a windstorm last night. The winds were clocked at more than seventy miles per hour at the local airport.A piece of my neighbor’s roof blew off and landed in my yard. Luckily, nothing really serious happened and the roof part is now in the thrash.

The Wealth of Any Nation Belongs to the People Who Create It

Any sweeping statement about wealth is bound to be wrapped up in controversy and tied up in arguments both relevant and irrelevant. The people who create wealth and those who destroy it are often one and the same. Outside of war, the world has never seen destruction of wealth on the scale of what has happened in the current Depression.

Accomplishment

The barriers to accomplishing anything worthwhile are always in place before we conceive of what it is we wish to accomplish. Those barriers are never personally devised by enemies or opponents. They are always there because the task worth doing is always more difficult than the easy things that we can do to keep body and soul together. Of course if no one tries to do the hard things that need to be done, like resolve conflicts and understand complex scientific principles, the world slides down the slippery slope of our own built up errors.

The Weapon of Class Destruction is Merit

Watching the Queen of England and Michelle Obama on TV reminds me of how far we actually have come in human affairs. Since the Henrys ruled in that small nation, long before the British Empire was built and then released back into the wild, class has become quite a bit less meaningful.