Finance reforms, to meet the challenges of trade cycles and the debt bubble require Financial, Social and Resource Stability and Sustainability.
Finance is ungovernable, because of creation of credit.(paraphrased and contexted 4:58 in video through 10 minutes and more on global game-local blame.) The bubble containment dilemma*: leveraged capital flow, ability to get around** boundaries and rules. My aside: Bailouts are not stimulus, and stimulus are not bailouts. The problem and the solution are at the vertex of the three in politics and governance. Finance reform recognizes the role of governments in creating a system(market rules) that balances consumption and "creative destruction". The Godzillas are the metaphor for the responsibility that is avioded by not taking on the responsibility and blaming the market. Rollover of debt to public debt, crisis of reserve currency and international monetary system. Segue: BO-OB Barack Obama -Optimism Bias Extra Credit: Debt is not just about borrowing, it is about not paying for it. All bailouts and stimulus, not being equal, let alone at all similar, they are not all bad. Something somewhere has got to give. It is not all about free markets and free trade, but providing a system that does not just take, whether it is freedom, labor or resources.
[Laffer Cry or D ' Ribble]
[Hint: to Obama: Wrong Try Pod? More Cow Bell.]
[Huntsman Aside, Ring Obama]
[AND Congress- as amended: cutting loopholes are on the spending cuts not the tax hikes side of the equation.]
* my model/metaphor related to Platonic Tetrahedron
[** not an endorsement of shape of the curve, but another Godzilla factor]
[Breaking News: Presidential Press Conference]
[See Comments below Re:]
[Update: 7-1-11 He has a long way to go to be a Boehner or a Whiner, let alone "Tricky D." ]
3 comments:
Loose thread between D in Ribble. A strong McClatchy/Marist poll in the "D" of Hardball with Chris Mathews(4:23), and the Ribble of the Supremacy of the Constitution versus a Bedrock. i.e. foundation
Supremacy unweaves, under President Obama's approach to Chuck Todd on three constitutional issues. There are three branches of government rooted in the constitution, all of which play a part in carrying it out, for "we the people."
Post a Comment