October 25, 2012
The Dismal Science
Economics really needs some Steampunk, some Tesla, some Zeppelins.
Trying to read about and understand what is going on in our economy is frustrating, exhausting, and BORING. It is also really, really important. And a whole lot of the complicated double-talk and seeming contradictions being thrown around are designed to make you run screaming back to LOL cats despairing of ever understanding what is going on.
I am not an economist or a historian. I do pay attention to history, and the past couple of decades has looked a lot like the free-for-all that was going on among the rich and powerful during the early part of the last century. With predictable results.
Now there are lots of folks to tell me that I just don't understand how complex the current economy has become, how different the world is than it was in 1929, etc. Granted. So I look to some folks with a lot more on the ball than myself to see what they think. And guess what?
Some interesting reading for those interested in having more information on how the heck we got here.
Elizabeth Warren Interview
Please, let us recall that President Obama inherited an economy in free-fall. He did NOT cause it, although amusingly he was being accused of same even before he was moved into the White House!
I personally thought he was insane for wanting what was probably going to be a pretty thankless job. Just ask poor Herbert Hoover about that one!
Okay - so maybe we have a bit of a handle on the problem. What is the solution?
Unsurprisingly, simply voting for candidate A, B or writing in Mickey Mouse (again) is not going to fix everything and bring a golden age of prosperity.
Getting someone in office who is willing to make hard choices that will help rebuild the middle class, rather than simply enriching the already wealthy is a good start.