Thursday, February 12, 2009

Eleutheros speaks

I read this blog every time he post and tonight he tell us why the stimulus bail out will not work and why we are facing a economic melt down click on the title of this post and read what he has to say. This is part of his post.
Eleutheros speaks..
Does it not strike you as significant that the list of things we aspire to do for a living and the list of things we consume and depend on daily have so little common ground?

The things that actually sustain us and make our lives comfortable are supply by a tiny percent of the workforce, less than 5% I’d say.

The microcosm of this allegorical Micotopia Hollow demonstrates why the world is now facing a deep economic depression. For years now the number of people involved in actually producing goods and services, the real goods and services we need day to day, has been dwindling while the number of people who base their personal economy and personal fortune on activities that produce no real goods has multiplied. Moreover, all those people have come to rely on investments, savings, stipends, pensions, and entitlements as if those things somehow magically caused goods to spring into existence.

Students of Eleuthronomics will instantly see the etiology of the problem. It is viewing money, no matter what the source, as a sort of magic talisman that can cause goods to come into existence. Alas, this hallucination is the basis of the entire current handling of the looming depression. If we just create a lot of money into existence and then initiate a lot of government spending, then the creation of goods will follow the newly minted money. But it has never happened that way.

1 comment:

Judy said...

How true it is. I think this guy really knows what he is talking about Patsy. Why is it so hard for so many to see this? I hope you have a good weekend and Happy Valentines Day to you friend.