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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (370528)	2/11/2008 12:11:48 AM
From: bentway	Read Replies (1) \| Respond to of 1577920

My older brother used to do aquariums that were self-contained little jewels. Everything the fish needed to live were produced in the aquarium without pumps or needing to change water. But, they could only support a couple of fish. If he added more fish, or bigger fish, he exceeded the carry capacity of the closed system and everything died. At some point, we're going to reach that state with the Earth, which is a huge closed system. Perpetual growth works up to that point, but not beyond it. I'm not counting on an imaginary being to intervene. If there is one, that why he gave us brains, so, it's our problem.

To: neolib who wrote (370528)	2/12/2008 1:19:23 PM
From: combjelly	Read Replies (1) \| Respond to of 1577920

"You would certainly think from Congress & the Pres running to prime the pump that Keynsian thinking dominates" One economist stated that "when there is a recession, everyone becomes a Keynsian...". "and that the mantra is consume at all costs." That isn't really true. My economics professor pointed out that there is "political" economics and "real" economics. Real Keynesian economics addresses investment along with consumption. Political Keynesian comes down hard on the consumption side. Now, in real Keynsian it is certainly possible to save too much, especially if those savings aren't invested. A recent model is Japan during the 1990s. "I have never found a good analysis of the benefits of accumulated savings in terms of risk reduction." Part of the problem is terminology. To an economist, "savings" include things like increased inventory. And that doesn't have the same economic impact as, say, a bank account where the money is used to fund loans. And that has a different effect than investing in the stock market.