Follow by Email

Tuesday, June 22, 2010

Each Party needs it's own Economists.

Economists have proven to be a pretty useless bunch lately - but only to us "small people".

Many of us think that the leaders of our two great parties call on the best and the brightest economists ( many of whom they used to smoke dope with in the Ivy league)to help them direct the huge economy and make the SP feel bigger.

The leaders of the big 2 know that if you look long enough you can find an economist who will predict anything and will provide justification for just about any policy.( although there are a large number of economists who are now revealing that they knew what was going to happen prior to it happening).

The Dems,academics,Greenies and Kumbaya crowd love Keynes who I think said 'if things are bad- spend more money'. This means more vote buying ,dependancy creating,agency spawning,political debt paying,worthless research funding and other job creation for the faithful.Paul Krugman is the new bearded face for Keynes, and he hasn't ever said anything that I can believe.

The GOP,Wall Street,moneyed war monger crowd love the Supply side economists who I think say ' if things are bad, reduce my taxes, I'll spend the money and you guys can fight over it'. This theory supports more wealth and power for many and the hope of more wealth and power for the rest of the faithful(many now unemployed). Art Laffer is the leading supply sider although I have trouble believing someone with hair that has darkened since the Reagan administration.

I think the SP need their own economist.

Wednesday, June 9, 2010

5 figures versus 7 figures.

Too rainy to ride my bike and too early for a nap. Another day of too much CNBC.

I've got FINREG reform all figured out though...

The Wall Street guys want to be able to help advance the US and World economy by trading vast amounts of assets in creative and complicated ways at lightning speeds while earning 7 and 8 figure compensation. They propose this is good for all of us.

The government wants to create new agencies to protect us from the WS guys while creating more votes for big government.After all, look how well the SEC worked. These people will earn 5 figures and will promise not to look at porn. However, they will think about how to get to the other side and make 7 figures some day.

There are some provisions that may actually work like you have to show what you are doing and that you can only gamble with 20 times your reserves instead of 40.

If we want rely on the 5 figure guys to outwit and control the 7 figure guys who they consider heroes then all we have to do is find very smart people that are not at all greedy.

Damn.. back to the Ivy League again.