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Politics : Politics for Pros- moderated

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To: Tom Clarke who wrote (297585)	3/22/2009 7:36:28 AM
From: Tom Clarke	2 Recommendations Read Replies (1) of 793957

Economics Round-Up, or: Why We are All Screwed by E.D. Kain I don’t know about anybody else, but this whole treasury/bailout/banking thing is just mind-numbing and overwhelming and I find myself in turns going from angry to confused to depressed to giggling and I’m just not sure what’s going to happen, but it doesn’t seem promising. My wife remarked to me earlier that a lot of this economic stuff is probably just going over my head - which it is, to be sure - but I remarked back that maybe the very fact that so much of this is so bloody complicated and hard to understand is part of the problem itself. There is really no reason economics should be terribly complicated. It should be difficult to put a finger on, as it is really just a study of human behavior and interaction which are mercurial subjects by nature - but it shouldn’t be so outrageously complicated that an entire nation gets suckered and then can’t make heads nor tail of half the terminology used to explain what the hell just happened. Economics really ought to be the study of trade; and trade really boils down to two things: people buying and people selling. That’s what a market is. That’s economics. When it gets as messy as all of this you know you’re dealing with black magic and deceit. When we depart from the realm of good, tangible exchange of goods and services and enter the realm of derivatives and bailouts and TARP funds and pension scams and ponzi schemes and an overarching system that, quite frankly, is built upon a mountain of bad, bad capitalism, then you know that something’s wrong. The thieves are all around us - in the highest halls of business and government - and they’re getting away with some of the biggest thefts in history. Perhaps this is why the ancients warned against usury. “Neither a borrower nor a lender be.” Perhaps this is why we need a radical economic realignment. ordinary-gentlemen.com

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