The economy is trying to find equilibrium. After years of artificial and inflated spending and investing – buying homes, cars, vacations, etc on credit, the mass introduction of home flipping, day-trading, and other valueless contributions for pay; the economy is seeking peace and serenity. The artificial, superheated, no money down (no money required), live like there is no tomorrow, frenetic consumption of life has taken its toll and the economy is trying to right itself.The problem is almost no one wants to let it. And why should we? We’ve gotten accustomed to it, we like it, and we deserve it.
So we must fight this economic tendency toward balance and find ways to support our hitherto mode of life. But, the American people have lost confidence in the system so investment capital and economic activity is too slow to support our wishes.
Who can save us from the insidious scales that balance the trade of goods and services which destroy life(styles)? Who can get us back to those nostalgic days of plenty?
9 comments:
the graduation gown wearing wizard i suppose.
I like you mentioning the making money for things that don't contribute to society. Most pyramid schemes should be done away with. The economy will be better off if it is moral. It shouldn't be ripping people off.
I may start employing the phrase "valueless contributions for pay." (Not on the job, though, Melkman)
It's a bad habit to leave two comments in a row... I must be getting too hasty in pressing the Publish button.
In line with your "valueless contributions for pay," I've been thinking about Hugh Nibley's (at least that's where I first heard it) thought that wealth-making is always unhealthy whenever the reward is inordinately greater than the effort expended. It's not only unhealthy for the economy—it seems to be mostly unhealthy for the person making the inordinate money.
Thank goodness for the hard-working wizard!
The comment about the economy being moral was sprinkled with sarcasm. It would be intersteing if money weren't our main source of compensation, because people have found a way to be compensated for actually detracting from society rather than contributing. Is it possible to create a system where only contributors could be compensated? Or will the "natural man" find a way to detract in any system? maybe if everybody felt they had an equal opportunity to contribute, would help. I was als curious, Dad, if you think there has to be extreme poverty for there to be extreme wealth? If so, Do we need to have the possibility of extreme wealth to keep us motivated or would pretty good wealth suffice?
Alas, I fear the irony of the post was lost. The turn it has taken merits a discussion but did no one see that our goverment is trying to support the same systems that got us in trouble in the first place? It is trying to renew confidence in a system of deficit spending to appease the people? We want ice cream, now!
The system will never change. It's one of those things we think are the way they are and we have to stick with it. That's the way it's always been so we can't change it because it's been good to us before. Fallacy of logic at it's finest. Maybe you need to be Obama's right hand man?
But, it has changed. One needs to step back and take a long view. Some things in human nature don't change, but technology -- arms, ships, trains, planes, computers, law, etc. have all changed as well as enlightment and meanspiritedness may also have been exacerbated, so thus changes our ways and means of looking at principals and life.
Your sons are too serious for irony.
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