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2008-01-22 Home Front Economy

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Posted by Mike 2008-01-22 06:33|| || Front Page|| [6 views ] Top

#1 While looking through some old papers I was reading about the recession fears of 1948.

Cause you know fear and loathing sell. The art of 'journalism' is so pathetic that it can not sell good news. That takes real work and skill. So the dead tree industry and the entertainment broadcast industry keep the advertising subsidies flowing in by scaring people. We've been through how many recessions since then? Look at the holdings and life expectancy of the average citizen in 1948 and today. Who's better off?

Look life is chaos with some control. With a reasonable degree of control but with a marked degree of chaos you get progress. You understand adaptation to environment. The more successful the adaptation, the more there is of it. Things improve over the long run, though some pay the price in the short term as the system adapts, improvises, and overcomes shifts in the economy and society. There is a point when in trying to control the vagaries of life you place too many controls in place to dampen the chaos, you introduce entropy. You undermine the adaptation process trying to preserve the past, a statis, a status quo. That in turn creates stagnation and eventual decay destroying the entire environment for the vast majority of people. The key is to be able to ride the chaos without choking it.

Posted by Procopius2k 2008-01-22 08:43|| 2008-01-22 08:43|| Front Page Top

#2 I am avoiding the news today, and even felt guilty clicking on this link. Fortunately it was the the sound of good old Dr Lileks snapping latex glove of reality, convincing me it is "more better" to bend over than to not.
I will just bite my fist, and repeat the words "It will be OK" in the voice of Ben Stein until this passes.

Posted by Capsu78 2008-01-22 10:30|| 2008-01-22 10:30|| Front Page Top

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