The Properties of More

I will not say that this is a good defense of Economists, as Readers will eventually realize that a defense which does not reach a conclusion is no defense. The article does not assert that Economists actually do anything other than bicker. It does say that Economists build Maps, also somewhat of a delusion, because Economists only create models and protest that the functioning economy looks like the model; mostly contested by a great share of other Economists. It reminds of Small Town politics; I remember hearing one Deputy Sheriff tell another after a Bar fight that the Fight had at least cleared the Air in local politics, though 8 out of 12 Participants went to the hospital before they went to Jail. Economists are not as violent or extreme, but honors only go to Those who are victorious in the brawls. The worst aspect of the situation comes from the real lack of intellectual study in picking the Victors; it being the Concepts of Who you Know and Where You Came From (University), calling up the forces of the Deep (Past). The trouble lay in the fact that the Past has invariably been proven Wrong!

Don’t you just hate it when Someone considered Conservative sits somewhere to the Left of yourself in the intellectual Seating arrangement. Lane Kennedy fills that Seat very well; isn’t it hell to get Old, and considered everything from Communist to Reactionary because of previous ranting, though you don’t consider yourself inconsistent at all. Lane favors a Value-Added Tax, long in vogue in Europe, which I oppose. My angst against the Valued-Added Tax generates from the Government ability to hide the true Cost of the taxation. Governments need never be honest about what they are charging by only stating a low rate, and then inflicting that low rate over and over in the Production process, eventually generating high Tax revenues without ever clearly stating how often the Product was taxed that low rate. I like Economists because they loudly debate in Public how they want to screw up the system; I dislike Tax Accountants, especially Government-employed individuals, because they never Report Results except to Those offering them employment.

Mish expresses a greater fear of the drop in Venture Capital than I do. I expect that Investors have doubt that the espoused clean technologies actually can stand alone in an economy of extremely high Winds, where Consumers have never been willing to pay more for innovation. What Venture Capitalists must learn is what their Forebears had to learn: Product does not Sell, if it does not fill a Consumer Need, whether this Need is real or artificially generated. Clean Technology Startups must ask for much more Money, and devote the excess to Advertising; yet it will still be a very slow Go in the near future, when Dirty is Cheaper. Readers here must realize I place no ideological value on this assessment; of course, Consumers place no like value on their purchases either. One does what One can, but it is hard to fight More and Cheaper. lgl