Friday, March 14, 2014

Note to Paul Krugman, Economist.

Dear Paul:
I marvel at the way you skirt around the edges of fact rather than coming right out and calling greed, greed. This article is full of it. An example, "Finally, although the current monetary debate isn’t as openly political as the previous fiscal debate, it’s hard to escape the suspicion that class interests are playing a role....It’s almost as if they identify with the investor class,..."

The individuals, whom you do not mention, are totally identified with the investors who are themselves. Their arguments stem from their self-identification and the felt need to protect their positions of comfort.  They are based on ignorant assumptions regarding the nature of reality. AS in the article where they argued that imbalance is good for efficiency... What can one who thinks say in response to that bit of absurdity?

I am urging you, Dr. Krugman to be more forthright in your observations. That you can find a bunch of data that supports an opposite conclusion to the one that they propose is sort of a waste of time. It leads to endless sophistry and a dead end.

Looking at the issues of the circulation of energy through the system we call humanity from the point of view of the  Principles of  physics would serve you and the country well. Also it would not just prove them wrong, it would eventually get rid of them. Nothing like a little Light to dispel the darkness and unemployment, poverty, disease and so on.

lots of love
-tom

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