February 24, 2009

It is what you "know" that's wrong that is the real problem

Pay attention and be prepared to look out for your own
interests - you have no friends in government. There are no obvious
answers or strategies because "they" keep changing the rules. This
whole thing is wobbling like a kid's toy top and every effort to fix
the inevitable is only making it worse for longer. Sooner or later,
this is all going to fall over and have to be restarted, once the mess
is cleaned up. All the current "stimulus" is doing is making the mess
higher and deeper, and therefore harder to dig out from under.

This is a really interesting problem, if you take a big step back (say
as far away as Saturn). All "the economists" studied the same intro to
economics based on a guy named Keynes in a textbook originally written
in 1948 by Samuelson. A few outsiders, think that the basic
ideas are wrong. Contrary to what "the economists" all believe, there
is no free lunch and trees don't grow to the sky. Because they have
the fundamentals so wrong from the beginning, it is damn near
impossible to alter the course of this train wreck. Because "everyone"
knows the same wrong stuff, anything helpful is ignored or even
actively over-ridden and the authors discredited.

It is what you "know" that's wrong that is the real problem.

No comments: