Scratches to Sketches
Saturday 22 February 2014
The Barnstable Patriot - Primer Rate: Bitcoin bubble?
Bitcoin as an accounting entity that facilitates exchange may succeed, but as a currency to be held outside of transactions and store of value, it's very very risky. Why not use beany babies?
'Socialize' New York's health system? Hmmm. - LIHerald.com - Nassau County's source for local news, breaking news, sports, entertainment & shopping
The writer is correct, his brain needs to be reprogrammed to accept that socialism is a necessary structure for future economies to succeed, but not the old fashioned idea that conjures up the images of a spectre of social fascism popular in Germany and Russia. People can / should work hard and reap the rewards of increasing returns to scale under a capitalist socialist system. But, the old images do not apply. Fascism disguised as socialism is historically a disaster.
Sweden's House Prices Have Tripled In Ten Years, But Is It Really A Bubble Waiting To Be Burst? Nobel Laureate Paul Krugman Thinks So
Policy makers use housing market and associated real estate building stimulus as a substitute for the rise in incomes from jobs and incomes that will pay for houses. Krugman is absolutely correct in pointing out this failing of policy makers focusing on increasing money supply and housing ahead of genuine growth of industry i.e. Dreams rather than balance sheets and jobs.
Krugman: Fiscal Stimulus Was 'Political Disaster'
Money is expected to sort out the ills of bad balance sheets. The balance sheets may look good while the economics remains very dubious. The politics is simply that the average person stayed at zero while those that caused the problem or benefited from it, retained their gains and stayed out of jail.
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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth.
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