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Tuesday, July 31, 2012

Don't Believe In The Central Banking Theater Of The Absurd - Business Insider

Don't Believe In The Central Banking Theater Of The Absurd - Business Insider ;.. ABSURDITY OR REALITY ;....Their job, such as it is, is to deflate a tottering system based on phantom assets slowly enough that it doesn't implode. Stripped of mumbo-jumbo, their strategy to accomplish this is to inflate other phantom assets to replace the phantom assets that are falling to zero. 
All their promises, preening and posturing boil down to patting their breast pocketand speaking vaguely about a "secret plan" to end the crisis without bringing down the system that spawned the crisis as a consequence of its very nature.
There is no secret plan, of course, and no secret financial weapons; all they really have is artifice and the hubris to present artifice as reality.
To admit the usustainable is not sustainable would bring the entire rotten edifice crashing down, so the central bankers invite us into their little Theater of the Absurd and evince a phantom confidence in their phantom solutions that depend on phantom assets.
A swollen cloud of doom hangs over the central banker's little Theater of the Absurd; all their chest-pounding hubris and empty confidence is artifice, as phantom as the assets they claim will replace the phantom assets that have been destroyed by exposure to reality.
On their absurd little stage, they claim the Emperor's robes are thick and fine; and we laugh, bitterly, for these threadbare lies are all they have to "save" a parasitic, predatory, anti-democratic financial Status Quo.


Read more: http://feedproxy.google.com/~r/google/RzFQ/~3/yQmgoCAYhSI/the-central-banking-theater-of-absurd.html#ixzz22Gdsb9Lk

No End To Long-Term Unemployment - Business Insider

No End To Long-Term Unemployment - Business Insider   ....I have been arguing for four years that our business-cycle problems call for more aggressively expansionary monetary and fiscal policies, and that our biggest problems would quickly melt away were such policies to be adopted. That is still true. But, over the next two years, barring a sudden and unexpected interruption of current trends, it will become less true.
The current balance of probabilities is that two years from now, the North Atlantic’s principal labor-market failures will not be demand-side market failures that could be easily remedied by more aggressive policies to boost economic activity and employment. Rather, they will be structural market failures of participation that are not amenable to any straightforward and easily implemented cure.
This article was originally published by Project Syndicate. For more from Project Syndicate, visit their new Web site, and follow them on Twitter orFacebook.


Read more: http://www.project-syndicate.org/commentary/hopeless-unemployment#ixzz22F9seGcl

Sunday, July 29, 2012

Pragmatism (Stanford Encyclopedia of Philosophy)

Pragmatism (Stanford Encyclopedia of Philosophy) ;.. TRUTH and REALITY ... People need a 
philosophy that is both empiricist in its adherence to facts yet finds room for 
religious belief. ..... a 'real' because we find that our opinions (the only things of 
which we ... Ideas … become true just in so far as they help us to get into ...
plato.stanford.edu/entries/pragmatism/ - Similar

True Light Lutheran Church | Page 2

True Light Lutheran Church | Page 2 ;..   As in politics, the point about the Trinity, at least the point that most affects us, is the economy of the Trinity.  That is, how God saves us.
Just like it’s all well and good to have the world’s greatest economic plan, if it can’t relate to (or save) the people it is being applied to then its value is only in and of itself.  And that value may even be incredibly high (all analogies fall short).
The Trinity, in and of its Father, Son, and Holy Spirit self, is of infinite value and worth.  That God is God is true despite any relating to the creation, any saving, any interaction at all.  But that’s the beauty of God, Father, Son, and Holy Spirit.  

Saturday, July 28, 2012

People Argue Just to Win, Scholars Assert - NYTimes.com

People Argue Just to Win, Scholars Assert - NYTimes.com ;..   According to this view, bias, lack of logic and other supposed flaws that pollute the stream of reason are instead social adaptations that enable one group to persuade (and defeat) another. Certitude works, however sharply it may depart from the truth.