It’s Always Hysteria with Some People


The economy is bad, but in no way comparable to the Great Depression. Think 1974 or ’82. Though I respect Mr Obama, I do not support the current policy on helping the economy. It is money-centric games. We need to fight deflation, true. But this current imbroglio is a phenomenom of money and not actual productivity. People need jobs, housing, food. Get that in order, regulate phoney baloney financial manipulation, and that fixes most of our troubles. Careening from one financial scheme to another is no way to fix the economy.


Primer on the Subrime Meltdown


Open Letter to the Republican Traitors (From a Former Republican)


Traitors indeed! What we need now is a list of proscribed persons, starting with Rush the lying, ignorant traitor and junkie.
Read the Article at HuffingtonPost

Dollar Hegemony Imperilled


America, albeit not all Americans, have benefited from the Dollar as the world reserve currency. The organizational structures and peace that follwed WW2 by definition favored the US. That other nations benefited too, is indisputable yet we benefited most: and many nations suffered under that regime. It may be past time that the post WW2 system can be saved, if that is the case, it is a certainty that it is all the US;s own fault. More and more people and politicians are becoming aware and interested in a solution to the situation. Here is an article in that regard. Suffice to say that military adventurism, and a complete lack of fiscal prudence over a long time brought us here. And lets not blame Keynes, who like Adam Smith and many other thinkers had their theories and writings reduced to some flippant maxim.

Worst Week Ever: Republicans Unhinged


I can hardly wait for the further slaughter the GOP will suffer in 2010. Becoming not just the minority party, but a minor party. If the 2008 was the GOP’s Stalingrad, then 2010 will be their Kursk, the death ride of the GOPWaffe, for you historical buffs. Essentially the GOP has decided they weren’t Rightwing enough, consequently they will be slaughtered in 2010 barring unforeseen developments.
More on Michael Steele
Read the Article at HuffingtonPost

Lets Start Fixing the Economy, Thoughtfully


We have the rare opportunity to change our economic paradigm, from one designed in the 18th century and tinkered with, to a new 21st century model. Our entire method of raising, allocating, and spending has to become more democratic. We have suffered from severely overcapitalizing our economy as a whole since industrialization. We need to reevaluate what and which function are public and which are private.

Example: the car industry, as a model going forward. Presupposing an affirmative need for this industry in our country, the Federal government should do these things
1. Create a unit at the Commerce Dept. that can buy publicly traded securities. 2. Buy Chrysler, Ford, and GM, lock stock and barrel. 3. Separate the assets and liabilities. 4. The former corporate liabilities to be parceled out to agency sub units for debt liquidation, pension guaranty. and federal employee health insurance. 5. Determine approximately how much of a car industry America needs and retain a total number of plants and employees to do it. The federal gov’t retains ownership of the plants which are then leased by the companies. 6. The restructured, lean companies are each offered to the public through an IPO, whose proceeds are then used to fund the agencies ongoing activities.

This can be done with airlines, other critical industries, and renders moot anti-trust issues, as the new owners, the feds, can contractually obligate companies to some behaviors. Additionally long term planning instead of quarter by quarter stock manipulation becomes a vehicle of real value production.

Libertarian Angst


My view of things is neither Libertarian nor Collectivist. I find it a unique political thing that we in the West are trying. I’d say we have to find a dynamic balance between liberty and order, rights and obligations. After all we are not mindless ants to be commanded for the good of the whole, nor immortal magical beings who create the land upon which we stand lacking obligation to our progenitors and inheritors.

We all act within our societies rules and incentives. You and I would likely both prefer our own governance, warts and all, to the Soviet system or the complete lack of governance in Somalia. In a state of nature we would rob, beat and kill each other for reproductive advantage, nature and evolution are brutal. But we have, uniquely in history, created a wholly artificial societal structure that allows us to function as individuals. In a state of nature we would be in a band of families. It is to our advantage to maintain this structure, pay taxes, participate, and see to it that the formal rules and informal incentives make sense. Libertarian thought goes too far, taking as free goods, the laboriously and bloodily constructed institutions and behaviors that we rely on.

We in the West do have our troubles, at home and abroad, some self inflicted. They start with our our inability to see what we do from other perspectives, or to put ourselves in our competitors place. Not to agree with or validate them, but to understand our true options, and how to gain advantage. Western forces are fought against when they leave the Western world. The countries where blood flows most copiously are countries we dragged into a Western world wide economic system. That was an hostile act. Trade is war at a basic level. We Westerners have been screwing around overseas for centuries; I see no point in bellyaching about the blow back, we have most of the marbles. Were our states overrun by foreigners would we not fight? Regardless of the reason, no matter how justified the foreigners felt they were, we would fight them. That’s not hard to follow in any time, or any place.

I say it is high time for us to appreciate what we have accomplished, eschew gratuitous harm abroad that costs us so much, and to let go the hysteria and paranoia that we Americans have engaged in since WW1. We should recognize that we Westerners grabbed an entire continent for ourselves and no one can take it away. We are now and have long been protected by our geographical breath, distance and barriers. Humans may be homicidal, but they are not, by and large suicidal. Our fine military has extended our power abroad, but has not had to defend our shores since 1814. A worst case WW2 scenario still leaves us North America and the Gulf/Caribbean. We are not in a position like the Romans who had the vastness of Eurasia on their border. Even if we suffer a population crash like the Romans, there are no unobserved places for hordes to assemble. Immigrants always assimilate by the 3rd and 4th generations. We should recognize that there are skills to be prized beyond money management, and that some goods and services need to be produced at the societal level: the military and support elements, the police and courts, education, health care, land stewardship, good use of human assets. We should recognize some things, most of the rest, are best done by the individuals or voluntary associations.

None of us are self made entirely, we rely on knowledge and infrastructure that precedes us; we stand on the shoulders of our progenitors and must lift up our inheritors.