Tuesday, August 11, 2009

For starters

Moral: Wherein we consider this blog as necessary.

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The topics will deal specifically with things economic, in both the macro and micro senses. The former covers issues like fiat money and government bailouts. Too, those who handle things financial are in the scope.

The latter deals with how we small people live, work, and spend the money. That can be quite a range, from small potatoes to very large situations, such as the corporate milieu.

Fortunately, economics is primal, perhaps even more so than physics, especially, given the energies that accrue from people. Take, for instance, the animal spirits of Keynes. However, my having mentioned that concept is not sufficient to pin the Keynesian label.

No, the blogger's view is more scientifically oriented, yet not to be constrained to behavioral or neural or gaming elements.

Economics is too grand for such restrictions. Yet, its epitome is not exemplified by those who take more than they are worth.

Finally, something needs to be said about the name. Of course, fiat money was already mentioned as it is our current predicament to find that the US buck has nothing behind it but the good graces of our government. Other currencies have the same lack of foundation in reality.

And, we have bubbles, seemingly following one another like waves. Why bubbles? Aeration, by necessity, due to the actions of the wizards who fairy dusts regularly.

We had Alan as the star of this show for several years; now, Ben is in the role.

It is apropos to this blog that Ben's future will be decided sometime between now and next January (2010). During that time, there will be a lot of discussion. One side will want someone new. Another will give Ben more times to blink or to continue the saver sacking.

In any case, the discussions will be interesting and of value to those who want that truth comes into regular play. Yes indeed, TANSTAAFL comes (or ought to come) to mind.

Remarks:

08/30/2011 -- Is the financial part of economics, by necessity, piratical?

11/16/2010 -- A recap of sorts.

11/02/2010 -- Over a year later, the message is the same, except some changes have occurred. But Big Ben continues in his ways. Of real note is that the jobless rate is high; out-housing really set up for that. Also, we need to re-look at that learned from the 'vons' guys, Ludwig and Friedrich. See Near Zero.

11/30/2009 -- From 'Our basis' can grow a whole bunch.

11/25/2009 -- And, Ben.

09/09/2009 -- To look at some issues addressed here, we'll need to consider Alan's reign.

09/04/2009 -- It has been decided about Ben, the saver sacker. We still need to discuss the overarching metaphor for the economy. Quants are it!!

Modified: 08/30/2011

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