CAN SCIENCE HELP SOLVE THE ECONOMIC CRISIS?

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Spectrum Spectrum's picture
CAN SCIENCE HELP SOLVE THE ECONOMIC CRISIS?

Spectrum Spectrum's picture

Quote:
Stuart A. Kauffmann:"I believe there is no lowest level, basement language of a set of simple functionalities from which all higher functionalities that ever might be useful in the evolving economy can be derived logically."Reinventing the Sacred, by Stuart A. Kauffman, Pg 153, Chapter 11.

 


Quote:
The Application of Interest

When the government borrows money from the Fed, and when a person borrows money from the bank it always has to be paid back with accrued interest. IN other words, every single dollar that exists must eventually be returned with interest. But if all money is borrowed form the central bank and is expanded by commercial banks through loans only what would be referred to as the principal,"The principal is the money supply," so where is all the interest for the money that is being charged?

No where. It doesn't exist.

Creating "something" out of nothing?

This was hand written into the equation. You are playing musical chairs to see who is going to get the short end of the stick.

It's not "about faith" but a reconfiguring of the applications based on the "Functionality of Money" in the economy, that we need to have a better look.

As long as the intentions are good from a scientific point of view, you can a least acknowledge what it is that you need to deal with. If you don't, you are only reliving the "current economy" with a different language?

Best,

Spectrum Spectrum's picture

Oh and this applies to politicians as well.:)

So consider then, the physics and it's relevance(?) and relation to the economy.

Quote:
The analysis of the harmonic oscillator exhibits the paradox that there is almost no ideal, or perfect, harmonic oscillator in nature or by manufacture, yet it is a system of profound importance in mathematics, physics and applied science. See: Harmonic oscillator

IN the interest :) of "stimulation of the economy," the first rule of thumb should be, not to allow interest to be charged on the money allocated to the banks for distribution?

That's a question.:)

We are all not perfect either, yet, we can strive toward a understanding of what pervades "all of society," and what it entails in the most likely case of a "chaotic theory" based on the fundamentals of "using money as a force."

Of course we would like to encourage innovation and creativity when it comes to making life better for everyone. What is the reward here? Money?

Seniors who having given their life to the economical basis of society, what value to assign this money to ensuring that the pension is funded and also, the sort given to the future, for the rest of their lives as a security.

MOney to build and create a infrastructure that does not discriminate between the homeless and those that have, when there is a viable recognition that everyone on this planet can be housed and feed.

That money can now be given to ensure new energy resources to create electricity which can be attached to every home while recognizing the infrastructure to producing electricity is not just a corporate description to profit, but one which will provide for, and allow some resemblance of cost to be averted to the detriment of living a comfortable life, using what is available and will provide comfort what ever the conditions of temperature variation.

YOu cannot allow "scientists or politicians" to be used to reinforce what is "currently wrong" with this economic situation.

Best,

Spectrum Spectrum's picture

By Mike Brown, Stuart Kauffman, Zoe-Vonna Palmrose and Lee Smolin

 

Quote:
When physicists made the atomic bomb they realized what they had conceived and immediately felt a sober responsibility to help make the world safe from their invention. At this time there is a responsibility for those with the knowledge and skills to understand the financial instruments involved in this crisis to help first to resolve this crisis and to next turn their attention to the design and regulation of a stable market system. This will involve economists, mathematicians, physicists, biologists, computer scientists and others working together to make a more stable economic system.

See: CAN SCIENCE HELP SOLVE THE ECONOMIC CRISIS?

 

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Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

"The only function of economic forecasting is to make astrology look respectable." - John Galbraith

The first thing to do is to fire all of the economic advisers who got us into this mess. I'm willing to accept most of the handful of contrarians that remain; though there's bound to be a fair few crackpots left afterwards. 

Spectrum Spectrum's picture

Lard Tunderin' Jeezus wrote:

"The only function of economic forecasting is to make astrology look respectable." - John Galbraith

The first thing to do is to fire all of the economic advisers who got us into this mess. I'm willing to accept most of the handful of contrarians that remain; though there's bound to be a fair few crackpots left afterwards. 

I don't think that is productive to the current situation. WE need them to reassess how we are currently doing things by "adding an equation" to the economic ideal of "a equilibrium" and then have the economy function according to it as if an adverse reaction. This does not make it a "sound valued" system?