It is not funny

Earlier, we talked about financial decisions that would be funny, such as leveraging, as being a cause of oops as it provokes gaming which can have very much non-funny results. Minsky's notion of the inevitability of the ponzi following speculation seems to fit.

Well, we see financial issues everywhere, from the Fed opening up discounts to junk'ies (a view in the WSJ asks, Why Is the 'Discount' Free?) to workers being screwed out of their pensions that are comparatively small to what the fattest of the cats may get (also, see recent WSJ article on CEOs posthumous pay -- millions and millions).

An example of a problem, that has lurked but is very illustrative, is the dilemma of workers. For instance, we see pension robbing, where one would expect that after all this time we could support the future for workers with more than just gab. We see little respect for workers from management as the latter go about their profiteering ways.

Of course, many of these issues would be hard for an angel to resolve, that we have greed involved to the equation just complicates things more. Perhaps, getting the dismal areas to be less so would be a good step forward starting with currency that has 'real' value.

Remarks:

08/24/2009 -- Last year, Ben blinked and panicked. He frantically pulled out all stops as if with no thought for tomorrow. Now, he has no use for 'mea culpa' big daddy that he is. Ben, start to unwind now. The Vienna School's view that these things are undecidable (which is a computational issue) is right on.

08/17/2009 -- As promised, FEDaerated is here.

01/26/2009 -- Lessons to be learned (as opposed to learnt), including, by necessity, Ponzi.

07/31/2008 -- For a little bit, we'll be looking at money and why there is so much problem handling things. The oops part results from our letting computationally-framed methods run amok, just because we could. Lawmakers and lawmen, essentially, have let this happen either due to wanting the benefits to accrue for their friends (and, boy, has this happened) or just due to the complexity of the situation (which is real, but that does not mean that we ought to let those opportunists who play and win to not see beyond their mountains of dollars [or any other currency]).

That these issues are not simple is due to the very foundational nature of the related problems.

Modified: 08/24/2009