Economics 101

Lecture 101 1. Gross, Domestic Product a. GDP = V x M1 b. 25.74t = 1.29 x 19.82 x 1012 (t) c. Velocity was 15 as recently as 2008 before housing crisis 2. Sectorial Balances a. S + (Imp - Exp) = I + (Gov Spend – Rev) b. S = consumer or demand side wealth c. I = Foreign and domestic supply side excess profit 3. Capital Divergence / Global Trade a. Decreases Demand Side Wealth (Middle Class) b. Decreases economic Volume (productivity) c. Increases Supply Side Investments & Oligarchs d. Increases Government Spending 4. Elasticity of Demand a. Calculates sales volume / price change b. Critical Margin c. Company w/ narrow margin raises price. 5. Inflation a. Government spending b. Credit easing c. Low interest rates d. Restricting fossil fuel production e. COVID lockdown, pent up demand f. Inherent instability of inflation 6. FED Failure a. Phillips Curve, supply & demand b. Reluctant return to Work, 2/3 stay home c. Depressed private sector. Thriving supply side i. Contradiction, pent up and depressed ii. Non-discretionary vs discretionary iii. Decreased sales, increased prices 7. Productivity, Velocity, Tighten M1 a. Small increase in Velocity = > GDP b. Decrease government spending c. Ways to increase activity 8. Staged Layoffs of non-productive a. Unemployment in measured weekly number b. Thus, the Phillips Curve for dis-inflation c. Productivity from previously non- productive 9. Gold Standard (Conjecture) a. What might happen? $1,000 = 1 oz gold b. Might the government declare a J’oublie to discharge debt ?

Inflation Again

supply and demand drives inflation as with most anything else. post COVID supplys were limited, workers refused to return to work, some never. The Fed focused only on unemployment rates (Economists call that relationship the Phillips Curve) and the stockmarket, attempted to control inflation with high interst rates as if the cause was an over inflated economy. The strategy did not work, no suprise. Was the strategy, synical, ignorent or a planed deception. Causes 1 Labor shortage 2 Excess money supply 3 Supply shortage 4 Decreased merchant volumn, defensive pricing (unstable vicious circle in combination) Stock market has more to do with capital divergence and excess profit from massive imports and division of labor, but inflation also to a degree.

The Intellectual Elite

The intelligentsiya of international socialism

Inflation

The Fed containing inflation with intrest rates to the point of unemployment, is like treating pneumonia with blood letting. Try treating inflation by reducing the number of government employees. With weekly layoffs, the Fed could adjust the numbers of layoffs from week to week to achieve what higher interest rates could not. Newly ununemployed would be less willing to pay inflated prices. The Fed could thus achieve an end to inflation, and lower interst rates as well. A lower ratio of government employees versus productive employees in the private sector could be a plus as well.

Wireless Charging

Problems challenge the transition to electric vehicles. The grid lacks capacity and interconecion. The grid fails to keep pace with peak demand and disaster-based internuptions. It costs too much. It takes too long to charge EVs. There are too few charging stations. Burying the grid beneth highways, however, can solve all of there problems. Inductive charging, as you drive over these cables can directly charge your batteries without the infrastructure needed for charging stations. Cables beneath an extensive highway system might better serve connectivity, security, and continuity of the electric grid. Ggovernment subsidies might better support cheap electricity and a vastly improved interconnected grid.

DEI vs the Soul of Medicine

The Soul of Western Medicine The medical profession has a soul, part religious, part scientific, and very much an entangled intimacy. DEI, diversity, equity, and inclusion destroyed the soul of Medicine much the way totalitarian political censorship. Propaganda and political correctness destroyed the Republic. DEI argues, "Poor doctors will better care for the poor." Lawrence Weed, a professor of Medicine at Dartmouth, wrote a book, Medicine in Denial, in which he insisted that much of the excess cost and poor outcome in US medicine resulted from a lack of standardization. He advocated enforceable guidelines and algorithms for physicians and surgeons akin to airline pilots following strictly published procedures. Weed had great credibility as the champion of problem-oriented medical record charting, furthered by an enthusiasm for evidence-based medical care. Decades later, we experience a mindless top-down totalitarian framework for medical decisions that eliminates medical judgment and results in yet more expensive healthcare, worse outcomes, loss of continuity, and lower longevity numbers. A thousand years ago, the church dictated health care. Medicine struggled from antiquity against mythology, religion, and greed. Today, we add an autocratic bureaucracy. DEI seeks compliant providers who do not question the profit-oriented guidelines provided by corporations, politicians, and bureaucrats

Royalists

Brzezinski 1969 quote In 1969 Zbigniew Brzezinski wrote, “The nation state as a fundamental unit of man’s organized life has ceased to be the principal creative force. International banks and multinational corporations are acting and planning in terms that are far in advance of the political concepts of the nation state.” 

Consciousness

Listening to a dialog between Gordon Pearson and Roger Penrose on consciousness, I recall similar arguments among my classmates in medical school. We found the mass of human physiology and pathophysiology unending. We even attempted autohypnosis to develop total recall. It worked to a degree. We also determined a distinct difference among ourselves in thinking, wherein some had what we called linear thinking, just the rules, while most of us could scan data to form an opinion. In practice, that difference seems manifest today with our many clinical physicians’ strong objection to the rigid one-dimensional guidelines and algorithms imposed by bureaucratic medical directors. It’s as if all the linear thinkers became administrators rather than dealing with patients. As for artificial Inteligence, I cannot see algorithms expanding to the point of consciousness as questioned by Penrose and Peterson. Quantum physics emerges as a new mystery in biology. Might not some form of quantum entanglement account for the matrix of group behavior and extra-data-based cognition, consciousness even to the spiritual?

Extinction

If corruption leads to the failure of nation-states, Hollywood ends their culture, capital divergence the civilization, and sexual dysphoria the extinction of the species.

Excess Deaths

The explaination for excess deaths remains elusive. The phenomina centers around younger persons than expected with predominately cardiovascular. The British Medical journal lists possible causes related to shutdown but omits the suspicion that mRNA may contribute. Reminds me of the all but forgotten experiment in Argentina when newborn infants, orphaned and isolated in steril nursery conditions, they died in unusual number. An experiment in 1944 confirmed a 50% neonatal death rate when babies do not encounter human contact.The shutdown and social isolation may have played a simalar role leading to excess deaths today in adults. Some of the babies died unexpectidly weehs and months after the isolation. COVID probably produced a delayed effect too. The vaccine in a few cases as well. Persons contracting COVID after being vaccinated may have harbored added risk. Another problem, not mentioned, might be the villifying of concerned cliniions who attempted early treatment for their patients.The isolation of physicians and lost oppertunity for early detection and treatment of other conditions surely ccontributed to what we are seeing,butt the age of death of these younger people remains puzzeling. The corporate reform of medical practice replaces a physicians medical judgment with algorgans. This obvious failure of medical reform may contribute as well. Patients can’t get an appointment, or only two or three months ahead. They cant see a real doctor, and many juststay home. "If this is an emergency, hang up and call 911."

Jon Franklin

Greatest English professor died today from a fall (a broken hip?) and complications leading to Hospice. Franklin’s, writing for story, built on a universal structure for story. Like the limric, or the iambic pentamitor in poetry. Franklin insisted that every story consisted of five parts: a unique setting, a unique circumstance, a complication, an evolving struggle to resolve the situation leading to a climatic outcome. Franklin advanced this as a framework for non-fiction. Franklin earned the highest regard as professor of English literature and writing at the University of Maryland. His book, Writing for Story, ranks as the leading guideline for creative non-fiction and for this author.

Corruption

If nation-states die of corruption, cultures die of pornography, and civilizations die of anarchy. Just a thought.