Tag Archives: Banking

Dr. Paul Krugman – Theory & Lustre Lost!

The following entry is actually a posting a placed in response to Dr. Krugman’s NYT artical entitle “Against the Super-Asinine….”  I thought it was sufficiently relevant that I believe you might find it of value too – so here it is:


“Dr. Paul,  the only consensus in “macro” is the incongruent thought equal to the belief that one can find clarity in murky and whimsical waters.


As we’ve talked before, Keynesian Theory is sustainable only within the enclave of protected habitat.  In the real world, where true and “native” economy actually occurs, it is wrought with conflict and divided interests.  Here are a few examples:

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The Policy of License


The “mark” one makes of their life effervesces with and becomes emblematic of the dialogue of ones individual thinking, we might even say, one personal philosophy. It is in the way one greats the day, the tone of ones outlook, sense of duty, honor, industry and faith. Merged with a sufficient number of others who express similar perspectives and you have what we think of as a culture. Or,  as I might express it; “…a convergence of the many about a common ideal.”


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The Economy of Freedom


What follows is an excerpt from the book, Blind-Vision: Volume II – Value Given, Value Received.”  Yes I will hope that in the coming months Americans the world over will come to realize the importance of this 3 volume series and make every effort to read and absorb the material.  In the mean time and with consideration to the rapidly accelerating collapse of our government structure and by extension, our national economy, I find this particular section quite (acutely) relevant.  I trust you will as well!


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Centralizing Failure

Henry Louis Mencken, in my opinion, refined the greatest risk to the republican form of government in a supremely elegant phrase;


“The urge to save humanity is almost always a false front for the urge to rule.”


Just yesterday, as I was driving to my office, a California Highway Patrol Officer invited me to suspend my efforts by directing me to the side of the road. As he approached my window, I was recycling the past few moments through my head attempting to identify the transgression having captured his attention. I wasn’t speeding, I hadn’t been talking on my cell phone, I hadn’t changed lanes without a signal – I was at a loss.

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Geithner, EU and Greece

I selected these three iconic references as symptomatic of what goes round-the-globe in the image of a dog chases an ever diminishing tail – asymmetrical response.


The unpolished truth of the global financial playground is akin to ones alarm should your child find themselves in a sand-box having been mistaken, by a cat, for a litter-box.  The cat may not have known the difference but you most certainly do!


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