Some of us feel that drilling deep in the Earth is truth, and especially at high latitudes and offshore. Those truth-challenged persons regarding carbon based fuels as less than perfection rightly are regarded as flakes. High gasoline prices are a certain way to retard U.S. economic growth measured by poor people with a jobs and plenty of quarters or not. Thus, heroic, medal of freedom deserving efforts by righteous oil men can deliver us from the doom of energy independence that is efficient energy design.
Costly gas supply increases demands for Hitler designed motor cars or Cheap Chinese low gas consumption vehicles or even Communist Party Electric vehicle imports, but that won't help either.Gas prices rise because the U.S. auto fleet gets worse gas mileage than it did in 1935 and a few billion more people want to use the same finite pool of oil resource for-themselves.
For decades the American left has said that all cultures have relatively the same values and that there is no right and wrong-'nothing to live or die for'. Now they have awakened and discovered that forcing the 2 dollar per gallon gas export way of life upon regimes oppressing women in order to bring the superior form of government-corporate-socialist democracy is necessary through the reason of predator drones and female jet aircraft warrior-bombers. Lying, cheating, stealing, homosexuality and abortion-values of the leader V.I. (Victory) Lenin, are superior cultural values the left realizes after all. Plainly it is necessary to discover new ways to lower gasoline prices to the all-important for the economy 2 dollah a gallon range.
Thus the need to reduce global gasoline demand-persuade the Chinese and Indians that global atmospheric circulation indicates that burning gasoline anywhere outside the U.S.A. will emit critical levels of warmth to specific scientific circuits capable of ending life as we know it.
Secondly, some have suggested taking over Libya with a puppet government to secure its gas fields then construct an undersea pipeline to Europe and across the Atlantic to Boston bringing much needed 2 dollar per gallon gasoline relief to New England patriots.
Thirdly, construct a hyper-dimensional gas pipeline branching at the distal end-using safe, advanced industry leading flexible pipeline technology to several moons of Jupiter and Saturn that have ample, proven hydrocarbon reserve oceans capable of producing 2 dollar per gallon gasoline if not obstructed by government regulation, red tape, and too-high income taxes on rich folks and those without a cow.
Fourthly, the development of Alaskan and 48 state oil fields will increase dramatically when either the price of gasoline reaches the critical 5 dollah per gallon threshold in accord with proven market forces of supply-demand, or synthetic Lennonist new-man model songs are developed yielding critical record profits to global oil corporations that will develop local chtonic puddles of gasoline with proven fragging and a fracting techniques besides reversing oppressive regulating laws of entropy to free up the market from oppressive forces of determinism.
Fifthly we see the glimmering hope of additional politically splendid prospects for subsidization of young, new, too big to fail banks, securitized mortgages and 100 dimensional derivatives, insurance for each American with federal and global tracking numbers to help reduce population and terminate fecundity at least temporarily wrecking expansion plans of a green winter economy; they can be used as models for borrowing a trillion dollars from the Chinese to bail out young, new, too big to have an alternate fuel infrastructure oil corporations so they can have double record profits and prove up the social benefits of deregulation.
In America the future is assured when foreign military corporations and former communist parties own mortgages, collect fees from networks and sell a remodeled Henry Ford product to the people with state of the art, modest, big production-small footprint annual inflation of fees in exchange for allegiance, loyalty and easy annual payments too numerous to pay. Complex new geometric calculus financial product theories too difficult for anyone besides investor sails reps with Harvard Law School degrees to understand will safely navigate investor capital through the shoals of democracy to offshore, tax-free banking ports.
Many of the poor and middle class in the U.S.A. will not be owning stock in New World Order, Post Mao-Mao Afric-China or India Bogupward Inc. (who may own their home mortgage at a variable rate of interest) nor even have a passel of illegal Mexican workers building a hacienda for them in Denver, and thus won't share in the profitable concentration of wealth.
As a special one-time offer, available for those most willing abroad to send small amounts of Internet cash to the Committee to Re-Elect the President, an insider report on the secret sixth sense of 2 dollah per gallon political technology tactics may be made available in limited quantities.
A secret study of the plan to install a generation of Moslem lesbian leaders in OPEC countries this special report has only leaked slowly dripping details through Eleatic paradoxes easily resolved with the differential and integral calculus developed back in the day. Rumored to be a lost predictive text manuscript of John Dee-adviser to queens and potentates, this is the best prospect for building a new pipeline full of 2 dollar per gallon gasoline, fully stocked refrigerators and shovel ready projects available today.
We learn from the Arctic Inuit people the model for energy efficiency. Americans as the least efficient home heating and cooling energy people on earth could learn much from the concepts of minimal energy use for heating-cooling homes of better design.Antipathetically, U.S.popular sentiment expresses the common sense notion that world resources and national liberty are infinitely renewable and non-depletable if a Lennonist new-atheist-man model is syncopated however. With the beat in time saving nine Dewian transformation education adaptations to those tone bars we may realize with confidence assurah of 2 dollah a gallon gas in the intermediate future.
With less government regulation there is a real prospect for 2 dollar per gallon gas out there (down the road next right or left) to get the economy moving.
American issues of Christianity, cosmology, politics, ecosphere, philosophy, contemporary history etc
23 April 2011
22 April 2011
A Review of 'Unknown Shore' by Robert Ruby
This fine book on Martin Frobisher, Charles Hall, the Inuit of Iqaluit, the court of Queen Elizabeth I and more fascinating historical figures is a well researched and written investigation of the voyages of the 16th century privateer turned captain-general Martin Frobisher's voyages of discovery and foundation of an emphemeral British Arctic colony at the eponyomous Frobisher Bay off Davis Strait at about 60 degrees north latitude. I have read a few other books on topics of arctic exploration and this one published in 2001 fits in with the best.
Martin Frobishers character development is brought alive in this work. One becomes familiar with 16th century England and learns something of the political morality of the era and why the search for a northwest passage to China was of substantial importance to England.
The author tells the story from three temporal points of view; that of Frobisher and his time, that of the author in visiting Frobisher Bay and the people living there in his time, that of the American newspaperman and explorer of the mid 19th century Charles Francis Hall who travelled to Frobisher Bay to journey with the Inuit upon the ice sharing their lifestyle.
Frobisher's life of discovery was rough, and the voyages to Africa and America via Greenland difficult. His ships were not the best designed he might have had, the dangers immanent compensated for by nerve, innovation and resolute action. One may also learn a significant amount about human nature, necessity and the way civilization evolves social behavior over the course of history.
Martin Frobishers character development is brought alive in this work. One becomes familiar with 16th century England and learns something of the political morality of the era and why the search for a northwest passage to China was of substantial importance to England.
The author tells the story from three temporal points of view; that of Frobisher and his time, that of the author in visiting Frobisher Bay and the people living there in his time, that of the American newspaperman and explorer of the mid 19th century Charles Francis Hall who travelled to Frobisher Bay to journey with the Inuit upon the ice sharing their lifestyle.
Frobisher's life of discovery was rough, and the voyages to Africa and America via Greenland difficult. His ships were not the best designed he might have had, the dangers immanent compensated for by nerve, innovation and resolute action. One may also learn a significant amount about human nature, necessity and the way civilization evolves social behavior over the course of history.
Waves of Infinities ©2011GaryCGibson (a poem)
Spontaneous generation of unknown shores
appearing in quantum certainty
sum of the parts exponentially creating more
space-time than went before
yesterdays balancing future
places expanding forever
Olber's paradoxes of infinite universes in number filling up infinite space
racing ahead of nothing
permutations form entirely varied pace
waves like rain showers of infinite worlds
within the One norm of metaphysics
substance that transcends the form
of every possible infinity
as simple as one
set theory with temporality
controlling intervals and salvation
through the Son.
appearing in quantum certainty
sum of the parts exponentially creating more
space-time than went before
yesterdays balancing future
places expanding forever
Olber's paradoxes of infinite universes in number filling up infinite space
racing ahead of nothing
permutations form entirely varied pace
waves like rain showers of infinite worlds
within the One norm of metaphysics
substance that transcends the form
of every possible infinity
as simple as one
set theory with temporality
controlling intervals and salvation
through the Son.
21 April 2011
Americans Want Change-Trump in 2012/U.S. Economic Reform
President Obama has failed to persuade Americans that he is capable of reforming the economic infrastructure of Wall Street, banking and finance that brought about the housing bubble and collapse that devastated the U.S. economy and threw 240 million people out of work globally. He has kept much of the old economic leadership that brought the bubble to inflate most fully before breaking including Ben Bernanke and the Fed and Tim Geitner now as Treasury Secretary. People have pointed out the relationships between Paulson, Goldman Sachs, the New York Federal Reserve and the finance section that seemed to provide blank checks of non-transparency to bail out the rich from the complex web of financial perfidy. President Obama hasn't resolved the triply corrupt banking, Wall Street, financial product structure and instead seeks to reinflate the economic balloon that brought about the corruption of American earnings.
Can business investor Donald Trump bring change to Wall Street, the financial sector and the banking business? Is he aware of expert analysis of the nation's economic troubles described so well by the Nobel Prize winning economist of Columbia University in New York Joseph Stiglitz in his 2010 book 'Free Fall'? A President of the United States must be aware of the problems if he is able to fix them. President Obama has failed to change the economic environment that brought about the inflation of the housing bubble.
Wall Street and its aloof management class, the financial sector with its fees on everything and the banking business with it’s 'too big to fail' houses of financial cards of securitized mortgages is a bunk-o-nomic infrastructure the President wants to inflate. Perhaps a generation fails to comprehend that real material goods need to be produced rather than financial fees for the economy to be healthy. With mass-produced housing by corporations perhaps an entire banking, financial, Wall Street world puts their non-physical labor earnings in the hands of just a few real material products and actual material workers developing in the process daft-economic policy supported by the U.S. Government.
It would be possible to create new forms of material business work to employee millions perhaps with a combination of public and private sector infrastructure product development innovations of a green nature. Human beings actually need to have something to do while alive on Earth in the U.S.A., and they desire a fair way of life with freedom. Only so many can rely on a stagnant, over-inflated economic tool-kit for easy money non-working lifestyle earnings without producing unsustainable, debt financed bubbles it seems. New methods of creating interesting synthetic products perhaps like resurfacing city cores with photo-voltaic materials and food producing plants might be designed along with avenues for entrepreneurial innovation.
One obviously must be skeptical about the prospects for leadership from any U.S. Presidential candidate since they all must pass through the very corrupt Wall Street, Financial, Banking, Corporate Media filters of natural corrupt selection and control. Sometimes its easy to believe that America is evolving through the stages leading to Biblical end times; even open sin, homosexuality and abortion is the new officially accepted forms of conduct of the U.S. Marines and Department of Defense. Yet even so it is possible that some candidate-maybe Donald Trump, will ask Joshua Farley, Herman daily and Joseph Stiglitz over to suggest methods to reform the U.S. Government policy on economic guidance. Assuredly President Obama and his economic advisers such as Larry Summers have taken the United States down that well trodden road in economics with a global web of financial corruption that have brought so many millions of Americans through the chthonic lava tubes of poverty and false hope continua of political promises unrealized.
Neo-classical economists do not even recognize unemployment as a real thing-they call it leisure time instead. One would wish they could experience such leisure as living in a tent without even money for propane fuel for hot coffee in the winters. They might learn why Alexander Solzhenitsyn described the drinking of ice water after eating salt herring at the Kolyma transit camp as fatal for so many. If Anchorage is not quite as cold or as wicked as that Siberian star of the Gulag, unemployment in Anchorage, Wasilla or central Florida is still a challenging experience to live through-and something less than leisure time.
Can business investor Donald Trump bring change to Wall Street, the financial sector and the banking business? Is he aware of expert analysis of the nation's economic troubles described so well by the Nobel Prize winning economist of Columbia University in New York Joseph Stiglitz in his 2010 book 'Free Fall'? A President of the United States must be aware of the problems if he is able to fix them. President Obama has failed to change the economic environment that brought about the inflation of the housing bubble.
Wall Street and its aloof management class, the financial sector with its fees on everything and the banking business with it’s 'too big to fail' houses of financial cards of securitized mortgages is a bunk-o-nomic infrastructure the President wants to inflate. Perhaps a generation fails to comprehend that real material goods need to be produced rather than financial fees for the economy to be healthy. With mass-produced housing by corporations perhaps an entire banking, financial, Wall Street world puts their non-physical labor earnings in the hands of just a few real material products and actual material workers developing in the process daft-economic policy supported by the U.S. Government.
It would be possible to create new forms of material business work to employee millions perhaps with a combination of public and private sector infrastructure product development innovations of a green nature. Human beings actually need to have something to do while alive on Earth in the U.S.A., and they desire a fair way of life with freedom. Only so many can rely on a stagnant, over-inflated economic tool-kit for easy money non-working lifestyle earnings without producing unsustainable, debt financed bubbles it seems. New methods of creating interesting synthetic products perhaps like resurfacing city cores with photo-voltaic materials and food producing plants might be designed along with avenues for entrepreneurial innovation.
One obviously must be skeptical about the prospects for leadership from any U.S. Presidential candidate since they all must pass through the very corrupt Wall Street, Financial, Banking, Corporate Media filters of natural corrupt selection and control. Sometimes its easy to believe that America is evolving through the stages leading to Biblical end times; even open sin, homosexuality and abortion is the new officially accepted forms of conduct of the U.S. Marines and Department of Defense. Yet even so it is possible that some candidate-maybe Donald Trump, will ask Joshua Farley, Herman daily and Joseph Stiglitz over to suggest methods to reform the U.S. Government policy on economic guidance. Assuredly President Obama and his economic advisers such as Larry Summers have taken the United States down that well trodden road in economics with a global web of financial corruption that have brought so many millions of Americans through the chthonic lava tubes of poverty and false hope continua of political promises unrealized.
Neo-classical economists do not even recognize unemployment as a real thing-they call it leisure time instead. One would wish they could experience such leisure as living in a tent without even money for propane fuel for hot coffee in the winters. They might learn why Alexander Solzhenitsyn described the drinking of ice water after eating salt herring at the Kolyma transit camp as fatal for so many. If Anchorage is not quite as cold or as wicked as that Siberian star of the Gulag, unemployment in Anchorage, Wasilla or central Florida is still a challenging experience to live through-and something less than leisure time.
20 April 2011
Why Americans Cannot Elect a Good President
Americans seem to want a Facebook friend, or a tweeting buddy rather than a competent economic analyst interested in building a secure an ecologically progressive America. It is understandable that most Americans really haven’t got a good idea of why the national economy is so bad today, or how the process of national economic decline has been building since near the end of the cold war.
Real wages for white American males have been in decline since 1971-and wages for the middle class adjusted for inflation have been in decline as well. The Reagan tax cuts were good for one time only at stimulating the economy with a recoverable debt level, yet politicians have been unable to satiate the greed of Wall Street, Bankers and the financial services sector with any level of tax cuts.
The American economy has only about 11.5% manufacturing. The financial and Wall Street sectors have made an easy money country of the U.S.A. Financial accountability has taken second place to just having money. In such an easy-money economy the entire economy sinks in quality. It functions requiring deficit spending (Wall Street and banks) while the financial service sectors dumps fees at every opportunity and accounted for 40% of Wall Street profits as recently as 2007.
Prosperous, northern white women-a real worldly minority, Bachman and Palin (where is the one named Schnee?) are loud Republican candidates with unrealistic economic ideas looking back toward the Reagan era for ideas. Americans ought to elect the economist Joe Stiglitz-except they would ask; 'who is he'?
The Reagan era was a nostalgic, pioneering expansion economy itself a little bit beyond its right historical date. Understandably Sarah Palin is from such an era, or area in Alaska’s Mat-Su Valley.
The valley was populated at U.S. Government stimulated as the 1930’s Matanuska Colony. Pioneering farms were established. Of course in world war two and during the pipeline era Palmer and Wasilla also gained more population and development.
It is a beautiful area surrounded more or less by mountains on all sides. It is the kind of place where hunters may kill a bull moose just to take the horns and leave the carcass even today. On a beautiful bike route along the Palmer-Wasilla Highway I was too close to being run over by a car and then a truck twice this morning. First, a car ran a red light to turn in front of me riding my bike before I stopped suddenly. The second time a truck waited until I started through the crosswalk from the bike path on a green light and then suddenly accelerated to make a turn in front of me, and I was again able to stop. I may make a note of these guys, like Alaska FND 159, that seem to have disregard for the safety of those on bikes in the Wasilla area, in case the same guy does that twice this year.
Wasilla seems like an area where sparse population and lots of federal money from Ted Stevens created cheap, ground-breaking easy expansion and lately bad, conservative attitudes about the environment, finance and politics. It is natural enough because of the lack of population, competition and intelligence that may be common to a frontier area. Violent competition is the swollen, simplest concept for such politics. In days of yore that might have been more of a necessity than today. Now, it is just a devolution made by the ignorant as the easiest way to attain prosperity. That is a dangerous, naïve direction to take politically in a very sophisticated, intelligent and competitive world with substantial environmental issues.
It wasn’t at all surprising to me that Wasilla generated the one war criminal convicted for crimes against Afghans. Wasilla is that kind of place-some good, and much swollen arrogant attitudes fine enough in primitive, savage conflicts such as in the Balkans in the 90’s, yet not so good for competent, contemporary social and ecological progress.
The United States unfortunately requires popular politicians instead of competent ones. It is very unlikely that any candidate will be serious about reforming Wall Street, the financial sector or breaking up too big to fail banks. The nation has been almost automatic reelectors of Presidents-the sole exception since Nixon being President Carter. Basically the electorate just votes for whomever the establishment has felt would put a new face on the ongoing trimming of the ordinary working American and the poor as wealth is concentrated with the help of the broadcast media.
Real wages for white American males have been in decline since 1971-and wages for the middle class adjusted for inflation have been in decline as well. The Reagan tax cuts were good for one time only at stimulating the economy with a recoverable debt level, yet politicians have been unable to satiate the greed of Wall Street, Bankers and the financial services sector with any level of tax cuts.
The American economy has only about 11.5% manufacturing. The financial and Wall Street sectors have made an easy money country of the U.S.A. Financial accountability has taken second place to just having money. In such an easy-money economy the entire economy sinks in quality. It functions requiring deficit spending (Wall Street and banks) while the financial service sectors dumps fees at every opportunity and accounted for 40% of Wall Street profits as recently as 2007.
Prosperous, northern white women-a real worldly minority, Bachman and Palin (where is the one named Schnee?) are loud Republican candidates with unrealistic economic ideas looking back toward the Reagan era for ideas. Americans ought to elect the economist Joe Stiglitz-except they would ask; 'who is he'?
The Reagan era was a nostalgic, pioneering expansion economy itself a little bit beyond its right historical date. Understandably Sarah Palin is from such an era, or area in Alaska’s Mat-Su Valley.
The valley was populated at U.S. Government stimulated as the 1930’s Matanuska Colony. Pioneering farms were established. Of course in world war two and during the pipeline era Palmer and Wasilla also gained more population and development.
It is a beautiful area surrounded more or less by mountains on all sides. It is the kind of place where hunters may kill a bull moose just to take the horns and leave the carcass even today. On a beautiful bike route along the Palmer-Wasilla Highway I was too close to being run over by a car and then a truck twice this morning. First, a car ran a red light to turn in front of me riding my bike before I stopped suddenly. The second time a truck waited until I started through the crosswalk from the bike path on a green light and then suddenly accelerated to make a turn in front of me, and I was again able to stop. I may make a note of these guys, like Alaska FND 159, that seem to have disregard for the safety of those on bikes in the Wasilla area, in case the same guy does that twice this year.
Wasilla seems like an area where sparse population and lots of federal money from Ted Stevens created cheap, ground-breaking easy expansion and lately bad, conservative attitudes about the environment, finance and politics. It is natural enough because of the lack of population, competition and intelligence that may be common to a frontier area. Violent competition is the swollen, simplest concept for such politics. In days of yore that might have been more of a necessity than today. Now, it is just a devolution made by the ignorant as the easiest way to attain prosperity. That is a dangerous, naïve direction to take politically in a very sophisticated, intelligent and competitive world with substantial environmental issues.
It wasn’t at all surprising to me that Wasilla generated the one war criminal convicted for crimes against Afghans. Wasilla is that kind of place-some good, and much swollen arrogant attitudes fine enough in primitive, savage conflicts such as in the Balkans in the 90’s, yet not so good for competent, contemporary social and ecological progress.
The United States unfortunately requires popular politicians instead of competent ones. It is very unlikely that any candidate will be serious about reforming Wall Street, the financial sector or breaking up too big to fail banks. The nation has been almost automatic reelectors of Presidents-the sole exception since Nixon being President Carter. Basically the electorate just votes for whomever the establishment has felt would put a new face on the ongoing trimming of the ordinary working American and the poor as wealth is concentrated with the help of the broadcast media.
19 April 2011
On 'Freefall' (in the U.S. economy) a book by Joseph Stiglitz
Before moving on to something else I thought I should make a few comments on Stiglitz’s book about the 2008 Wall Street, Banking and Finance crash of the U.S. economy. It is an interesting book that reinforces many of the suspicions that one might have about the present U.S. corporate business environment.
The United States should man up to its substantial economic challenges if it is to hope to keep a comparative better standard of living than the rest of the world. And it must do so in a way that reduces consumption, increases efficiency, innovation and decreases the misery index for the poor and middle class. There are four primary challenges; 1) Reform the financial sector, Wall Street and banking breaking up ‘too big to fail’ banks on the way 2) Eliminate Bush II era tax cuts 3) Reduce federal spending, eliminate the public debt and better spend federal revenues 4) Create a sustainable self-reliant green energy policy.
Stiglitz’s Nobel Prize in economics might have been for his work on upgrading the Walrasian models ideas about market equilibrium-I don’t know, yet market equilibrium is not self-correcting as assumed in the neo-classical model. The market binges into the gutter without government regulation, perhaps from overdoses of irrational exuberance and the leverage of wealth and power detaching from neo-realism. The point of the free market is to serve the interests of the people. The emergent Chinese market may become a better model for real economic capitalism than that of the United States in the years ahead, as the latter is encumbered with extremist rhetoric about a perfect, unregulated utopian free market even as it piles up public debt and requires corporate welfare from public bail outs to function.
I am not at all optimistic that the United States will move toward more government regulation of Wall Street, banking and finance. President Obama in December 2010 was a cheerleader for extending Bush II era tax cuts. The financial class with high pay and bonuses don’t want higher taxes-they just want government bailouts and insider sweetheart deals from the Fed.
Stiglitz pointed out the financial sector took more than 40% of Wall Street profits before the crash, and that the manufacturing sector of the U.S. economy today is just 11.5%. Financial perfidy, too big to fail (or exist) banks and a complex web of risky financial products has made the health of the U.S economy problematic.
One amidst several remedies suggested by Stiglitz was creation of a world reserve currency. That did set me to wonder if an electronic currency signed on to by the world’s major players might not be instantly available and transparent.
Another idea was that of perfect information and perfect competition. Plainly it does not exist in the present business world. In the home mortgage crisis, in the securitization of mortgages where even the Chinese Government owned substantial numbers of Fanny Mae bonds, the average buyer may have had little understanding of the complex web of corporate and banking business existing below the surface affect everything from variable rate mortgages to employment.
If perfect information is not a fact modern corporatism, if obscure mathematically complex financial products are sold off exchanges, might not Internet search engines in some way move to bring perfect information absent from neoclassical models?
Improved Internet search engines can develop lists of ranked product prices. The lowest possible price of any given product available in a nation such as the U.S.A. could be assured by an Internet search theoretically. If a widget, or my science fiction book ‘St. Novilistricka Dimensions’, is available on the global market, an Internet search protocol might quickly discover the location of the lowest possible cost for a buyer; that at least seems something of an improvement over the neo-classical model.
The United States should man up to its substantial economic challenges if it is to hope to keep a comparative better standard of living than the rest of the world. And it must do so in a way that reduces consumption, increases efficiency, innovation and decreases the misery index for the poor and middle class. There are four primary challenges; 1) Reform the financial sector, Wall Street and banking breaking up ‘too big to fail’ banks on the way 2) Eliminate Bush II era tax cuts 3) Reduce federal spending, eliminate the public debt and better spend federal revenues 4) Create a sustainable self-reliant green energy policy.
Stiglitz’s Nobel Prize in economics might have been for his work on upgrading the Walrasian models ideas about market equilibrium-I don’t know, yet market equilibrium is not self-correcting as assumed in the neo-classical model. The market binges into the gutter without government regulation, perhaps from overdoses of irrational exuberance and the leverage of wealth and power detaching from neo-realism. The point of the free market is to serve the interests of the people. The emergent Chinese market may become a better model for real economic capitalism than that of the United States in the years ahead, as the latter is encumbered with extremist rhetoric about a perfect, unregulated utopian free market even as it piles up public debt and requires corporate welfare from public bail outs to function.
I am not at all optimistic that the United States will move toward more government regulation of Wall Street, banking and finance. President Obama in December 2010 was a cheerleader for extending Bush II era tax cuts. The financial class with high pay and bonuses don’t want higher taxes-they just want government bailouts and insider sweetheart deals from the Fed.
Stiglitz pointed out the financial sector took more than 40% of Wall Street profits before the crash, and that the manufacturing sector of the U.S. economy today is just 11.5%. Financial perfidy, too big to fail (or exist) banks and a complex web of risky financial products has made the health of the U.S economy problematic.
One amidst several remedies suggested by Stiglitz was creation of a world reserve currency. That did set me to wonder if an electronic currency signed on to by the world’s major players might not be instantly available and transparent.
Another idea was that of perfect information and perfect competition. Plainly it does not exist in the present business world. In the home mortgage crisis, in the securitization of mortgages where even the Chinese Government owned substantial numbers of Fanny Mae bonds, the average buyer may have had little understanding of the complex web of corporate and banking business existing below the surface affect everything from variable rate mortgages to employment.
If perfect information is not a fact modern corporatism, if obscure mathematically complex financial products are sold off exchanges, might not Internet search engines in some way move to bring perfect information absent from neoclassical models?
Improved Internet search engines can develop lists of ranked product prices. The lowest possible price of any given product available in a nation such as the U.S.A. could be assured by an Internet search theoretically. If a widget, or my science fiction book ‘St. Novilistricka Dimensions’, is available on the global market, an Internet search protocol might quickly discover the location of the lowest possible cost for a buyer; that at least seems something of an improvement over the neo-classical model.
15 April 2011
Solid State Economics-A few websites
Steady state economics takes an entirely different approach than classical economics toward natural resource use. Since there are real limits to use of finite natural resources intelligent design of governing economic philosophy is requisite for rational Earth habitation of mankind.
http://en.wikipedia.org/wiki/Steady_state_(macroeconomics)
http://dieoff.org/page88.htm An article by the economist Herman Daly
http://steadystate.org/discover/definition/
http://www.eoearth.org/article/Steady_state_economy
http://en.wikipedia.org/wiki/Steady_state
http://www.necsp.org/about-us/public-policy/steady-state-economy.html
http://www.amazon.com/Steady-State-Economics-Second-New-Essays/dp/155963071X author Herman Daly
http://en.wikipedia.org/wiki/Steady_state_(macroeconomics)
http://dieoff.org/page88.htm An article by the economist Herman Daly
http://steadystate.org/discover/definition/
http://www.eoearth.org/article/Steady_state_economy
http://en.wikipedia.org/wiki/Steady_state
http://www.necsp.org/about-us/public-policy/steady-state-economy.html
http://www.amazon.com/Steady-State-Economics-Second-New-Essays/dp/155963071X author Herman Daly
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