Have you Ever been Swept Off Your Feet?

In both cases – whether the bubble was inflated with positive or negative energy – the participants in the bubble are being swept away further and further away from actual physical reality and start to see everything either ‘extremely negatively’ or ‘extremely positively’ – neither experience is grounded in reality – because the physical is neither positive or negative – it just is what it is.

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27 October 2013

Day 251: Living Income Guaranteed and Market Mechanics

12:05 AM  , , , , , , , , , , , , ,  No comments

This blog is in response to a comment made on Day 250: Economics Nobel Prize reduced to Laughingstock : “Economics is about, or should be about, how to employ the available means in such a way that no want more urgently felt should remain satisfied because the means suitable for its attainment were employed - wasted - for the attainment of a want less urgently felt. This is what it means to economize: to allocate scarce resources to their most...

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15 October 2013

Day 250: Economics Nobel Prize reduced to Laughingstock

11:30 AM  , , , , , , , , , , , ,  2 comments

“The award was for their work on the pricing of financial assets. Together they concluded that predicting the price of stocks and bonds in the short term is virtually impossible. But they showed it is possible to forecast the broad course of prices over longer periods, such as the three to five years. Shiller was among those who warned in the 1990s that the run-up in stock prices as part of the Internet stock bubble was the result of "irrational exuberance."  Last...

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