ReInventing Economics--Senator Dodd Of The Advanced Class

Discussion in 'Economy' started by mascale, Nov 10, 2009.

  1. mascale
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    mascale VIP Member

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    So anyone finally understanding credit markets, can understand that arithmetic is what it is all about. The Philosophical Logicians showed, decades ago, that mathematics is a complete logical system. Alan Greenspan is recently lampooned for keeping interest rates too low(?). According to Adam Smith, then nappy headed ho'meowners should not have had any credit at all(?). Karl Marx, essentially only recently, put the entire Soviet Bloc out of business(?)!

    Human Swine are like that, as in mega-lethally wrong.

    Dodd: new gov't powers could prevent economy crash - Yahoo! News

    Somehow, the U. S. Federal Government appears to intend to put a stop to all of that. Any recognition that arithmetic can happen from a central agency--mostly sets up a "recognition" that older ways clearly don't work. Much as profits can be regarded a communication signal of consumer preferences, then alternative funding can eventually be channeled and screened into greater diversity of productive input.

    The SUV type of profits-from-stupidly-spending-swine, (see above), is not entirely eliminated. The expansion of rational alternatives is more easily created.

    Since credit has basis in arithmetic, then so can distribution of pay raises can be shown to have basis in arithmetic. Markets needing a more sound measurment--and potent and viable income scale--can be guaranteed. Little Kenyas, worldwide, can be replaced with human economic progress.

    Can anyone guess how much regulation becomes unnecessary, and meaningless, just from a simple equal-amount COLA, mandatory at the payroll source--and inflation adjusted--clearly independent of oversight agencies?!

    "Crow, James Crow: Shaken, Not Stirred!"
    (Her Majesty's own royal socialist(?): In fact was moved to remind the assembled former. . . . .aboriginies. . . . .of the realm--about credit, earlier on, just in this year. The Bankers from the formerly North American Colonies, however--were apparently preoccupied, and not inclined to. . . . .evolve. . . . .may be the right word!)
     
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  2. Toro
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    Toro Diamond Member

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    The bankers will find a new fun way to crash the economy in the future. They always do.
     
  3. mascale
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    mascale VIP Member

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    There are currently four regulatory agencies, which the banks can choose. There are 12 Federal Reserve banks.

    The FOMC, "Knights of The Round Table," is likely not to be thought a modern concept in the International Economy, any more. In the old California Gold Rush, as opposed to the new one of the markets, the "regulatory" holes were intended to let the gold slip through. The concept of several regulatory agencies apparently became more like that. Anyone guesses that lots of matters slipped through, as though they were gold.

    Not only do too many "cooks" spoil the road-kill, (there may be children reading), but proposals for workable change rarely happen.

    As an example, you have the "regulatory" round-table as is. "Diversity" of regulations generally isn't even well-regarded, planet-wide, any more. Even the Swiss bankers are naming names. The Knights of The Round Table didn't prosper. The era in which they are traditionally cast, didn't prosper. Interdependence wasn't even expected to be an outcome: Of an organization like that.

    A single machine can now create interdependence, which checks and balances included, and even with predictive capabilities. It can do so in an instant. Globally, there are other such possible machines.

    Clearly, the status quo of a "Knights Of The Round Table" doesn't do that.

    "Crow, James Crow: Shaken, Not Stirred!"
    (Other nations too, apparently have their out-dated laws. Israel, for example, comes to mind, along with the manner in which the minds of its supporters seem to work, and in the West Wing--according to Rev. Wright, The Prophet from South Chicago!)
     
    Last edited: Nov 10, 2009

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