Thankful??

Here is an interesting Read provided by the WSJ Blog. Study the graph provided, which gives the actual breakdown on Incomes based upon purchasing power parity. It would be nice if there was a similar graph describing PPP outcomes divided between American States. It could present a good overview of the distribution in the United States, and highlight the importance of Local and State regulation of Business in determining overall success. Concentration on the elements generating success, and distribution of capital to develop regional advantages, could be far more effective than crowding in high-Profit arenas.

Readers may want to read about the Liberty Dollar. It is interesting, but boring. Alternate Currencies will always fail if their value is listed on the Coin in other Currencies. Money is the prime market Product, which cannot attain any value at all outside of Trade. Precious metal bases can achieve some value, though only with the defacement of the Coin. Markets and Currency must intertwine, else both the Currency and Market are ruined.

Here is a list of things to be Thankful for this holiday. Six of the things listed are not what I would really be Thankful for, but to Each his own. 1,2, and 3 hold real resident dangers; 5 does not present a real evaluation of purchasing power parity, 6 could mean excessive economic Heat, and 8 seems great only to Those who do not fear the erosion of Survivalist traits in the various economies. Alan Greenspan might be like Old Soldiers who should fade; still, antagonism is not something to be Thankful. lgl