How You Organize

Israel is finally suffering from a Condition I warned against some 30 years ago (no great Thing–most everyone else did as well)–Drought! My Solution remains as simple and idiotic as it did back then; fill the Dead Sea and sharp Arroyo dams with Seawater pumped from the Med, utilizing nuclear power. Underground Water reservoirs would turn brackish, but still sufficient for irrigation purposes; desalination plants will have to be constructed anyway for Fresh Water. The immediate Complaint here lies in the increased Salts splayed on the land, making the land unusable for Agriculture. They do not understand the method to my Madness; the basic scheme is to lower the actual Temperature of the Land, leading to greater Evaporation from the Dead Sea and Dams, and higher leaching of Salts from the surface of the land from Rain while irrigating from Fresh Water reservoirs. The lower Temperature of the Land mass combined with the higher Evaporation rate will create heavier Cloud formations above the Land mass and more Rain. It is all about eliminating low-level Heat inversions. It is a very expensive program to implement, but acceptable in Cost because of Israel’s placement alongside the Mediterranean, and short transmission across to potential Dam sites.

Professor Shiller regrettably enjoys a belief in regulatory power; an unsound belief which threatens economic policy because of its shortsightedness. There is always an excess flow of Entrants into any Sector which expresses high Profitability, who are always willing to push the Envelope in that Sector to extract maximum Profits. Regulation only incites these Participants to develop more intricate Loopholes around accepted practice, to escape the potential Profits loss of Regulation. There will always be many Times the number of Escapists than there are Writers of regulations, always designing new Escapes from regulatory controls. The best method is simply to prevent Fraud, and prosecute Those who are obviously Deceptive.

Some Readers may not understand the previous paragraph. They should read Dean Baker’s Post, then read the article cited in the Post. Simply substitute the word ‘Regulation’ for the word ‘Competition’. It states that original Practitioners of bad loan policies face competition from Lenders who are willing to engage in even worse loan practices. The original Practitioners are failing because they cannot provide the implied Profits advertised by the newer Participants, though all agree that such Practices are basically fraudulent and Deceptive, because the Profits from the Instruments will never be achieved. Such is the nature of any business, where huge Profits can be organized. lgl