Is it possible to create an economy that does not produce anything, other than money? Is that possible in the world of stomachs. You know, the world of atoms, not just the world of electrons. If what you do is transact. If your fee is, pared down to pure number, a transaction fee, then how many of you can be supported?
Category: econocaste
economics .. the short version, since the long is wasted on the young
The Late Great Bailout
Complain, gripe, moan about it. Keep them away then bitch that they came too late. I am talking about Wall Street, both pundit and traders. This is a Free Market turned Afraid Market. But it is too late, so now they complain that the bailout didn’t work. Like the late great FEMA, this is disaster management that arrives with sandbags and tarps. Too late. Use the tarps to cover the bodies, the sandbags to mark the graves.
If there were some way to contain the collapse to those on the street, then let it fail, but we can not. Nevertheless, no one on the street will learn this lesson. They haven’t learned it before. No matter how far they fall, they will never understand why.

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