Wednesday, September 4, 2013

Cosmology - preparatory view

Moral: Wherein we continue to set the stage for describing a (the) cosmology of business.

As we know, Ben is leaving. So, we'll miss the guy. Too, how long before we wished that he were still there?

USA Today had a nice opinion written: Fed battle is about gender. Here are two quotes.

  • Summers, as a certain kind of dominant man, is aligned with Wall Street, and hence with money, and hence with the existing power structure. He embodies the inclinations that have gotten us into so much financial trouble.

  • Yellen, as an unshowy (read middle-aged) woman, is more academic and collegial in nature, and has done long and unheralded stints in government; she represents the collective self and hence a higher level of public selflessness and probity. 
Not my words. But, I wonder what would it be like if these two were switched (except for gender). As in, Larry and probity? Janet and megalomania?

Could that ever be? 


Now, given this juxtaposition, and little bit of reality, we have to comment on how it relates to the economy, especially its basis in banking (assuming that we need such for handling money -- providing liquidity). The ilk of Summers needs to have a sandbox where they can crap all they want. How can we do this? And, clean up. 

The other side was represented by Ben who did not seem to shy away from shotgun approaches. Essentially, he has created a state of matters from which we don't know how to move forward. Mind you, don't know how means that science works from knowns. It just does not cast about in the unknown realm trying to find something. 

Same for engineering (are you listening MIT and the financial engineering crowd?). It's methodological, to the extreme, even though such is hidden under an avalanche of mathematical expression of knowledge states. 


The main focus, as in origins, will have to deal with people. Those two types depicted, above, are along one type of axis. There are many other such polarities, actually spectral relationships. 

To where do we appeal, or begin, with an approach that is constructive. On the one hand, we can look to the U.S. Constitution. Before that, we can look at the Magna Charta. There are other forward-looking attempts at describing "mature" adulthood.

What is on the other hand? Ah, want me to venture there (not that I'm not prepared for such)?  Fortunately, we don't have to do that, just yet.


We all know that being free to apply one's creativity is part of a healthy, happy existence along with a whole lot of other things. But, as we have holidays to remind us, there are those who put themselves on the line for the American way (by the second). We can look at that in depth, too, and at how this service/disciplined attitude differs (almost as if there were two universes) from the gluttony of the ilk represented by Wall Street (and many other descriptions exist for this side - not many of them flattering - oh, "I screwed an old widow out of her last dime today" sort of thing - get the drift?).

We'll have to talk about the middle which is fairly broad and its importance. Of course, we'll do it in an new way; fortunately, the current Congress has represented the antithesis of the ideal (making comparisons available that are apropos and up to date -- thank you, gals and guys).  


09/04/2013 --

Modified: 09/04/2013

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