Saturday, March 31, 2012

nap walk lymph

Walking helps flush your lymph system, in addition to preventing clots and thrombosis. Naps help reduce the amount of sleep you need at night so you can start exercising earlier, and exercise later too. Swimming and other exercises can help flush different parts of the circulatory and lymph systems. Sitting is unhealthy -- people need frequent breaks, stretches, and exercise -- not all jammed into one session per day. Better to spread that into numerous exercise sessions throughout the day. I can think better when walking as the soleus calf pump muscle pushes more blood into my brain.
http://en.wikipedia.org/wiki/Soleus_muscle

http://www.byregion.net/articles-healers/Exercise_Lymphatic.html

As brilliant as the lymphatic system is, there is a catch! Unlike the circulatory system that comes equipped with a pump (the heart), the lymphatic system does not. It is inspired by muscle expansion and contraction, this means, it only moves as much as you do.

http://www.cbass.com/lymph.htm

much of the body is made up of water. Part of the water is in the bloodstream, but far more resides in the lymphatic system. Our cells are located in a sea of lymph, a pale fluid. Oxygen and sugar are transported from the blood vessels to nourish the cells via the lymphatic fluid. Likewise, wastes from the cells – carbon dioxide, lactic acid and metabolites – are carried back to the bloodstream through the lymph fluid. Like the cardiovascular system, the lymphatic system is made up of channels or vessels, valves and filters (nodes). Unlike the bloodstream system, however, there is no pump like the heart. Instead, the lymphatic fluid is forced through the system by the action of the muscles and breathing. When the lymphatic system is flowing freely everything is fine. When it backs up, however, there’s trouble.

wikipedia: The flow of lymph from the legs towards the heart is the result of the soleus muscle also known as the calf pump. As a person walks, the soleus contracts, squeezing lymph out of the leg via the lymphatic vessels. When the muscle relaxes, valves in the vessels shut preventing the fluid from returning to the lower extremities. The lymph from the legs is filtered through the inguinal nodes in the groin area on its way to the thoracic duct. Blockage of the inguinal nodes can contribute to swelling in the legs. From the thoracic duct, the lymph is returned to the venous circulation through the left subclavian vein

http://altmedicine.about.com/od/optimumhealthessentials/a/Tips_Exercise.htm

Skipping or using a mini-trampoline or rebounder stimulates the lymphatic system, which consists of millions of tiny channels that parallel our network of blood vessels. The lymph channels transport fats and other substances around the body and helps with the elimination of waste products from cells. Unlike blood, which has the heart as a pump, the lymphatic system doesn't have a pump. It relies on exercise and deep breathing to keep it moving. The problem is that many people spend most of their time sitting down. To make matters worse, stress causes shallow breathing, which can further reduce lymph flow. The end result is sluggish lymph flow, leading to frequent colds and flu, tiredness, and increased risk of chronic disease.

http://www.cbass.com/lymph.htm

walking. "It should be your first option," says Lemole. "Anything that keeps you moving" will do, however, he adds. Dr. Lemole walks at a brisk pace for a mile or two each day, outside or on a treadmill. He also plays golf, and occasionally basketball.

http://www.lymphnotes.com/article.php/id/30/

Cancer Patients Can Benefit from Exercise: In a study at the Abramson Cancer Center of the University of Pennsylvania, Kathryn Schmitz, PhD, MPH, an exercise physiologist, helped to determine the extent to which a slowly progressive program of strength-training exercises is safe for breast cancer survivors with and without symptoms of lymphedema. According to Schmitz, http://www.cbass.com/AnotherReasonPsyActivity.htm
Another Reason to Keep Moving. Study Shows that Lowering Physical Activity Spikes Blood Sugar. We know that inactivity is unhealthy. Active people live longer. A 2011 study in the International Journal of Epidemiology involving more than 1.3 million people found that physical activity saves lives; the benefits increase with longer and more vigorous exercise.
http://www.health101.org/lymph.htm

Lymphatic Exercise for Vibrant Health

Mention the heart or the cardiovascular system and most people have a pretty good idea of what that is and how it functions. But although the lymphatic system is vitally important to our health, most people don't understand it. Some have not even heard of it.

The lymph system is interactive with every organ, and is directly related to immune function and efficiency. It is a protector and a defense mechanism against infection, viruses, bacteria, fungi, and disease. It is comprised of fluid, vessels, ducts and various other organs and structures. It clears toxins, wastes, excess fluids, and infection from all tissues of the body through proper flow and drainage, but only if this essential system is functioning at its peak efficiency.

Friday, March 30, 2012

14-year-old girl buys $12,000 foreclosed home

USA has too many homes so they have become too deflated in price. Too many commodities of all sorts. She still breathes smog and eats junk from grocery stores. And does not get enough exercise. Kids need to get an education including math, science, and engineering. Buying and selling is important but somebody had to figure out how to design and make what is being bought and sold. USA has becoming a race of flippers, borrowers, vendors, and traders on the couch instead of active producers. Thus the trade deficit with countries that are doing the producing. Eventually they will end up owning USA if this trend is not reversed. Like I said in 2008, no new houses should be built until the current inventory is sold off. I agree with University of Chicago Professor Cochrane “We should have a recession. People who spend their lives pounding nails in Nevada need something else to do.” http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html?pagewanted=all

If she was gardening and milking the cow she would get more exercise and producing less smog as well as getting a better diet. A horse would produce less smog.

http://realestate.yahoo.com/promo/14-year-old-girl-buys-12000-foreclosed-home.html;_ylt=AjwAKYImbMA3RcX77yMx5TPxkdEF

The fact that Florida, with its absurd number of cheap, bank-owned properties, is truly a land of opportunity is not lost on anyone, not even teenagers. Some 30 miles north of Fort Meyers, for example, 14-year-old Willow Tufano scored a foreclosed house—one that might have been worth $100K in its heyday—for $12,000.

An NPR piece details the story: during the housing boom, Tufano's family moved into a large house and her mom became a real estate agent. When the bubble burst, she watched friend after friend move from the neighborhood and house after house empty out; her mom, in turn, focused her energies on helping to sell these new foreclosures. One day, Tufano tagged along to check one of them out. "When I walked in there, it was filled with all kinds of stuff," Tufano says. "There was furniture, there was lamps, lots of different stools, a lot of it was tropical, like Tommy Bahama-looking stuff."

Thursday, March 29, 2012

hi 81. educational reform: certification

Too many economists have become more lobbyists than scientists. I have long argued for certification exams in economics and other fields. Along the lines of the CPA CFA and actuarial exams that have a high flunk rate. Too many graduates did not learn much in college or high school and cannot perform as adults. That is why I lost interest in college teaching -- I can do it but it is counterproductive to spend a lot of time and money to issue degrees to the uneducated. Many writers such as Charles Murray agree and have put forward proposals to reform the system. I would add US government should not provide any loans or support to non-certified education.

http://economiclogic.blogspot.com/2008/08/should-economists-be-certified.html

Should Economists be certified?

The Wall Street Journal had yesterday an op-ed on the fact that a college degree often does not constitute proof of competency. As I have argued before, many students have no business being in college, but the latter graduate them anyway. This waters down the quality signal of a college degree. The response to this situation by various trades has been to certify themselves the competences of prospective tradespeople. Examples are the bar exam, CPA, CFA, actuarial exams, etc. Should the same apply to Economics? In most US colleges, an Economics major has only two years of study in that field, hardly worth claiming to be an economist. To make matters worse, many Economics programs feed on the rejects from business schools, who typically failed out because of low grades in basic Mathematics and Statistics. Hardly the best clientele for an Economics degree. While Economics programs typically dismiss more students than most other programs, they still graduate many that do not have required competences. A test like the GRE subject test would have been a good start, but this has been cancelled in 2001. The American Economic Association has been thinking about devising some criteria to be voluntarily applied to college curricula, but I think something much more drastic would be needed.

Charles Murray Rethinking the BA

Charles Murray suggests directing most undergraduate study toward certification rather than degrees. Many people, though they have degrees, don't know anything close to what they should know in their field. I think very highly of Charles Murray. He's brilliant and bold. What the BA offers that certification cannot provide, among other things, is training in writing and speaking. But many colleges have given up on this. What I like about this proposal is that it would challenge the complacency of the college industry in the same way that school vouchers challenge the complacency of the government school system.

For Most People, College Is a Waste of Time

By CHARLES MURRAY

The Wall Street Journal August 13, 2008; Page A17
http://online.wsj.com/article/SB121858688764535107.html

Imagine that America had no system of post-secondary education, and you were a member of a task force assigned to create one from scratch. One of your colleagues submits this proposal:

Tuesday, March 27, 2012

water, land, plants, animals. Ecological economics

Economics is the social science that analyzes the production, distribution, and consumption of goods and services. Ecological economics studies how this can be sustained given the natural resources available. Related academic buzzwords: environmental economics, agricultural economics, economics of natural resources, etc.

A billion people are struggling to survive on less than a dollar per day. Billions more have little more than that. Many areas running out of water and food. Millions are dying. Ecology is at the core of economics. Every country is running into limits. Half of the USA economy is the manufacture of junk food and treating the diseases and crime caused by junk food and filthy water and Obama-care. The Mathusian 1960s scare stories by MIT Forrester Club of Rome are coming true.
http://en.wikipedia.org/wiki/System_dynamics
http://en.wikipedia.org/wiki/The_Limits_to_Growth

People need a few acres to learn how the ecology works and how to support themselves. The current trajectory is unsustainable. Food quality is rapidly decreasing and the cost of diseases increasing. Bankruptcy, famine, plague, and pestilence will be required to regain ecological equilibrium. Big government and many investments are counter-productive and destroy habitat: roads, cars, malls, big houses. Instead, bison, deer, elk, trout, cow, horse are part of the natural self-sustainable ecology. Buy all the acres you can afford and learn how to develop it correctly. Remove scars that prevent natural plants and animals from growing.

http://en.wikipedia.org/wiki/Ecological_economics

Ecological economics is a trans-disciplinary field of academic research that aims to address the interdependence and coevolution of human economies and natural ecosystems over time and space. It is distinguished from environmental economics, which is the mainstream economic analysis of the environment, by its treatment of the economy as a subsystem of the ecosystem and its emphasis upon preserving natural capital. One survey of German economists found that ecological and environmental economics are different schools of economic thought, with ecological economists emphasizing "strong" sustainability and rejecting the proposition that natural capital can be substituted by human-made capital.

Ecological economics was founded in the works of Kenneth E. Boulding, Nicholas Georgescu-Roegen, Herman Daly, Robert Costanza, and others. The related field of green economics is, in general, a more politically applied form of the subject.'

According to ecological economist Malte Faber, ecological economics is defined by its focus on nature, justice, and time. Issues of intergenerational equity, irreversibility of environmental change, uncertainty of long-term outcomes, and sustainable development guide ecological economic analysis and valuation. Ecological economists have questioned fundamental mainstream economic approaches such as cost-benefit analysis, and the separability of economic values from scientific research, contending that economics is unavoidably normative rather than positive (empirical). Positional analysis, which attempts to incorporate time and justice issues, is proposed as an alternative.

Ecological economics includes the study of the metabolism of society, that is, the study of the flows of energy and materials that enter and exit the economic system. This subfield may also be referred to as biophysical economics, bioeconomics, and has links with the applied science of industrial symbiosis. Ecological economics is based on a conceptual model of the economy connected to, and sustained by, a flow of energy, materials, and ecosystem services. Analysts from a variety of disciplines have conducted research on the economy-environment relationship, with concern for energy and material flows and sustainability, environmental quality, and economic development.

Sunday, March 25, 2012

Welfare, Distributism: 40 acres and a mule. 3 acres and a cow.

Klaus wrote a high school paper on mandatory land ownership. I have thought about this too over the years and worked on some related research projects.

Nowadays I often see sob stories of welfare folk going hungry and getting sick from obesity and junk food. At the same time that excellent farmland is cheap. And government land is being taken over by Mexican cartel marijuana growers. And many poor are being foreclosed and evicted out of their house. Hungry, homeless, poor all over: $65 billion in food stamps were distributed, with an average benefit per recipient in a household of $133 per month. As of October 2011, 46,224,722 Americans were receiving food stamps And much of that food is junk imported from Mexico with lots of herbicides, pesticides, fungicides, etc.

100 years ago a large fraction of Americans were self-sufficient on family farms with organic food, quiet, and no smog or pollution. Are these days gone forever? Could land reform along the lines of past proposals remedy this situation? Give the poor some land so they will have a home and get exercise growing their own organic food. Do not let them sell that land until they have purchased better land. Do you think that this or some other system might be better than the big government welfare giveaway programs?
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The combination of a 40 acre plot and a mule was widely recognized as providing a sound start for a family farm. Forty acres is a standard size for a rural family plot under the Public Land Survey System used on land settled after 1785.

http://en.wikipedia.org/wiki/40_acres_and_a_mule

40 acres and a mule refers to the policy of providing arable land to black former slaves who had become free as a result of the advance of the Union armies into the territory previously controlled by the Confederacy. General Sherman's Special Field Orders, No. 15, issued on January 16, 1865, provided for the land, while some of its beneficiaries also received mules from the Army, for use in plowing.

http://en.wikipedia.org/wiki/Distributist

Distributism is a third-way economic philosophy that developed in England in the early 20th century based upon the principles of Catholic social teaching, especially the teachings of Pope Leo XIII in his encyclical Rerum Novarum. According to distributists, property ownership is a fundamental right and the means of production should be spread as widely as possible among the general populace, rather than being centralized under the control of the state (state socialism) or a few large businesses or wealthy private individuals (laissez-faire capitalism). Distributism therefore advocates a society marked by widespread property ownership and, according to co-operative economist Race Mathews, maintains that such a system is key to bringing about a just social order. Distributism has often been described as a "third way", in opposition to both socialism and capitalism,

http://en.wikipedia.org/wiki/Three_acres_and_a_cow

Three acres and a cow was a slogan used among land reform campaigners of the 1880s, and revived by the distributists of the 1920s. It refers to ideal land holding for every citizen. The phrase was coined by Eli Hamshire. Hamshire did, in fact, own 3 acres

Saturday, March 24, 2012

SWIFT: Society for Worldwide Interbank Financial Telecommunication

Banks have proven over 40 years that electronic money is foolproof. Citizens should demand a pure electronic money supply so that the poor 99% can enjoy the security that the rich 1% have been using for decades. Help prevent your money from disappearing into the 85% of all currency that has already been been taken by the criminal underworld Mexican Muslim gangs http://ideas.repec.org/p/pra/mprapa/34778.html Modern biometrics geographics telecom etc. can make money much more secure than SWIFT pilot program that has already proven so effective.

http://en.wikipedia.org/wiki/Society_for_Worldwide_Interbank_Financial_Telecommunication
SWIFT operates a worldwide financial messaging network which exchanges messages between banks. SWIFT linked more than 9,000 banks in 209 countries and territories, who were exchanging an average of over 15 million messages per day. SWIFT transports financial messages in a highly secure way. SWIFT was founded in Brussels in 1973

USA energy independence -> better health

USA would be energy independent today if people would walk and use trains, bikes, and horses. USA was energy independent until post WWII socialist big government tax / spend road building projects. Asphalt road removal would reduce smog and make grazing land available for cows and deer needed for better diet and health to stop socialist Obama-care big government takeover of health care.

http://www.nytimes.com/2012/03/23/business/energy-environment/inching-toward-energy-independence-in-america.html

USA reduced oil imports from OPEC by more than 20 percent in the last three years. USA has become a net exporter of refined petroleum products like gasoline for the first time since the Truman presidency. The USA natural gas industry less than a decade ago feared running out of domestic gas, is suddenly dealing with a glut so vast that import facilities are applying for licenses to export gas to Europe and Asia.

Tuesday, March 20, 2012

Sweden goes cashless

There would not be enough government left with a good electronic currency. Most crimes would not be possible so most cops could be fired and courts closed. Would not need an IRS, a Federal Reserve bank, or most insurance companies...

What government is left still consists of people. They would also wear a dick tracy watch so their movements, purchases, emails, phone calls can be monitored by inspectors in other states, local militias, and police. No crook would want to go into government where they would be so closely scrutinized. We would get a lot of ego-trippers wanting their every activity to broadcast to the world. They would get rich from product endorsements, movie roles, plush jobs after they leave office. We get that now but it may get worse with fewer more closely observed government people.

The constitutional amendment demanding electronic currency should specify a protocol for inspecting and monitoring government officials. It may be harder to prevent the worst self-inflated egomaniacs from getting too rich from their government service. On the other hand, Paris Hilton may have turned out better than Obama.
Paris Hilton for President [youtube http://youtube.com/w/?v=1riiDGBdZWg]

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I concur with Lothaar and totally disagree. The issue is not the level and efficiency of newly available technology but who is in charge of that technology. Total control= total enslavement. The best you could hope for would be a benevolent dictator and hope that person didn't wake up on the wrong side. Government is best where the citizens are feared by the government and not the other way around.

You make my point where you acknowledge that members of government are already corrupt in that they sell records to criminal organizations and other unscrupulous acts that violate their oaths. More efficient technology would geometrically increase the level of their corruption not suddenly make honest men out of them.
I suspect your out of the way farm would be as safe from the government as those in Rhodesia or Zimbabwe. At least those farmers kept their guns and ammo and that bought time and safety for some.

Sweden goes cashless

You would still vote on a paper ballot, but poll-workers would be able to pull up your photo, fingerprints, etc. to verify you before giving you a ballot. Printing out purchase receipts would be possible as well but most people would not want it. Most people nowadays are getting rid of paper and increasingly leaving such documents online or on their computer where they cannot be lost or stolen.

Computers are already uncrackable using 1977 technology if implemented correctly. The dick tracy watch would force correct implementation and add several additional layers of security onto a dedicated device so would be foolproof.
http://www.engadget.com/2010/03/09/1024-bit-rsa-encryption-cracked-by-carefully-starving-cpu-of-ele/

Crime in Sweden has dropped considerably as they move to cashless. Many kinds of crime will be completely eliminated.

People will demand freedom from crime, medical errors, voting fraud, etc.

A new constitutional amendment should require a cashless pure electronic currency and biometrics on all transactions, voting, medicine...



Electronic “cashless” society would be great, huh? No more dirty money yada yada. Look how well paperless voting works. Or electronic identity theft. Or credit card forgery. Getting the paper trail out makes crime and control SO much easier!

To err is human, to really fuck up on a grand scale requires a computer.


Oh, and pray for no EMP events etc. Would really suck if all your digits got demagnetized accidentally.

Saturday, March 17, 2012

murder, soldiers, innocence Re: Occupation

The liberal news media is designed to spread lies. The USA soldier was framed, doped up by doctors after brain injury so he cannot defend himself. Heartless Muslim Terrorists dressed up as USA soldiers killed other Muslims, as usual, and forced Obama to blame the soldier or they would cut off heroin shipments. The deal and riots also give Obama an excuse to get out of Afghanistan to be able to afford to pay more welfare to blacks and give more affirmative action "jobs" to blacks to lower unemployment. Obama is pro-Muslim and his father was a black Muslim. Obama is colluding with Muslim terrorists to import heroin that his inner city black Muslim gangsters can sell for money to finance Obama's re-election and enslave whites by drug addiction and gambling (in collusion with Indian casinos). USA taxpayers will pay for the shipment that heroin by military logistics aircraft and interstate freeways. USA taxpayers will pay for the jailing of white addicts who will be arrested by black affirmative action police after being turned in by the black Muslim Obama supporter drug dealers. Any whistleblower who exposes this scheme will be shot, MIA bodies never recovered but left to rot in Afghanistan. All the while, illegal aliens freely spill over the Mexican border and roam the freeways with military assault weapons to guard Bill Clinton NAFTA Mexican trucks loaded with additional kinds of drugs that grow better in Mexico than in Afghanistan. China provides billions to finance this drug trade because addiction reduces competition from white Americans in manufacturing and reduces USA military defense capabilities. Similarly, sugar dealers inflict epidemics of diabetes, cancer, alzheimer's, and heart attack while the USA FDA defames the eggs and butter needed to fight the epidemic so that addicts will need Obama-care big government takeover of health destruction. The drug and sugar trade also funds Libertarian Think Tanks and Hollywood to convince addicts that freedom to take drugs and sugar is good, thus ensuring a vicious downward spiral of America, abandonment of tradition and eventual takeover by Muslims, Mexicans and hippie marijuana growing addicts.

Lunatic fringe conspiracy theorists conveniently ignore these dastardly deeds (by Muslims, Mexicans, and hippies) and spend their energy concocting wild tales only when those wild tales would serve to make traditional white Christian USA look bad. They thus reveal their fundamentally unpatriotic orientation. When all of the nut cases are anti-American then that is evidence that the USA is right to promote democracy in Afghanistan. In politics, as in science, it helps to get the facts straight because sooner or later people will figure out that the problem is the imaginer, not the imagined demons. As Abraham Lincoln said: “You may fool all the people some of the time, you can even fool some of the people all of the time, but you cannot fool all of the people all the time.”

USA made many terrible mistakes in WWII but accomplished the over-all goal: Europe, Japan, Korea, Philippines, and Taiwan have become liberal peaceful democracies.
http://en.wikipedia.org/wiki/Bombing_of_Dresden_in_World_War_II#Allegations_that_it_was_a_war_crime

Even Vietnam has become the most USA-friendly country in the region and capitalistic:
http://www.brookings.edu/opinions/2006/11southeastasia_burghardt.aspx

http://en.wikipedia.org/wiki/Vietnam#Government_and_politics

A Home Without Equity Is Just a Rental With Debt

The attached chart shows that house prices have deflated back to 1977 levels. I do hear many optimists guessing that house prices may rebound -- usually with no real facts to back up their statement. Some areas do have really great bargain prices on houses and farmable agricultural land. I concur with all your reservations on Florida. But some of the lowest house prices in the USA are on the upscale Space Coast - Orlando - Disney world area. Most areas are white but some areas are black and further away (like Miami) there are huge numbers of Latinos. I like beaches, especially as I get older, but the main problem with Florida besides heat and humidity is the general lack of professional and business activities and a somewhat alien retirement recreation oriented culture.

On the subject of real estate I found the following interesting lengthy 2001 paper with a title I agree with that forecasted the crash of 2008 in more detail that most of the crash forecasts, i.e. the problems with mortgage-backed derivatives and the bad decisions of the government bureaucrat Frank Raines.

A Home Without Equity Is Just a Rental With Debt

http://www.institutmontaigne.org/medias/documents/06-29-01%20Home%20Without%20Equity%20is%20a%20Rental%20.pdf

A July 2000 article in the Christian Science Monitor stated, “Borrowers are being approved for loans that they would have been turned down for just a year or two ago”. In the article Frank Raines, Chairman of Fannie Mae, is quoted as saying that “by analyzing the credit assessments done by Desktop Underwriter, we found that lower income families have credit histories that are just as strong as wealthier families...This allowed us to finance loans with down payments as low as 3 percent, and expand our purchase of these loans by almost 40 times during the 1990’s”. While Mr. Raines' credit history statement may be correct, the risk and economic stability profiles of the lower income borrower are historically not as strong. These lower income markets have become an ever-larger part of the conventional and FHA / VA origination market.

house prices

Friday, March 16, 2012

horse choice

Alan,

Horses, like people, vary considerably in size, ability, color, and temperament. Other useful beasts of burden include mules, donkeys, oxen, llamas, etc. Each have advantages and disadvantages for any particular purpose. It would take years to become expert in some tasks, but most people can use horses productively without much hassle.

People should be able to walk to conduct most of their affairs. People need to walk to maintain health. Walking does not require gasoline. For longer trips, bicycles are often quite effective, especially if there is a paved road. For heavy loads, distance, or rain then some system of horses and buggies would be better. Plowing and agricultural purposes often need horse power. Horses have done their work for thousands of years without gasoline, batteries or imported oil. Horses are also edible while your bicycle is not. Large herbivores are a natural part of the ecosystem which is by nature very fragile. If you break the ecosystem then everybody dies. Horses can help postpone catastrophe.

I have seen pictures of myself age 4 riding a horse. My great grandmother had 14 children and half the males were killed in horseback riding accidents in Indiana. Some of my relatives are horse enthusiasts and I have been to Mexico horse races dozens of times. I am very careful around horses and avoid them. Horses are huge powerful vegans that can kill you by accident just horsing around. I would prefer a mule, consistent with my personality.

Joe

The mule possesses the even temper, patience, endurance and sure-footedness of the donkey, and the vigour, strength and courage of the horse. Operators of working animals generally find mules preferable to horses: mules show more patience under the pressure of heavy weights, and their skin is harder and less sensitive than that of horses, rendering them more capable of resisting sun and rain. Their hooves are harder than horses', and they show a natural resistance to disease and insects. Many North American farmers with clay soil found mules superior as plow animals. Mules exhibit a higher cognitive intelligence than their parent species. This is believed to be the result of hybrid vigour, similar to how mules acquire greater height and endurance than either parent.

Have you ever had horses??? We have. They are a lot of work and they can be quite ornery. My daughter was almost killed by a horse that fell over backwards on her. My wife became afraid to go in the fields where the horses were because they could run up on you and knock you down or kick up their heels at you. I, for one, am not interested. I will stick with a bicycle if I need to go into town.

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Religion in American War and Diplomacy. Sword of the Spirit, Shield of Faith

The Iraq and Afghan wars can only be understood in the context of USA religious history. USA wars successfully installed democracy in Germany, Japan, Korea,... and liberated eastern Europe from godless communism and liberated the Negro in the USA. Racists might argue that Afghan Muslim hippies are too stupid to clean up and modernize but George Bush and other Christians do not and are willing to spend money to force progress. Even with massive do-gooder war spending, the powerful USA financial system has had plenty of money left over to make the USA population the most over-fed and over-entertained, with the biggest houses and cars,... and still have money left over to support many idle rich and poor non-workers and import millions of Mexicans and other illegals and legals.

Yesterday I heard the outsider below on the radio talking about president Franklin D. Roosevelt speeches against the Nazi religious cult as even more of a religious crusade than George Bush in the Middle East. I lived many years next to the Harvard Divinity school, attended their church, and nearly sat for a degree having grown up in that religion. So this is not news to me but many nowadays have not studied enough American history so they cannot understand current events and often end up supporting Satan. Californians are at particular risk because of distance and lack of history and also California is becoming more of a Mexican Latin Asian country than part of the USA.

Wikipedia: Harvard College was founded in 1636 as a Puritan Congregationalist institution, and trained ministers for many years. The Divinity School dates from 1816.

http://www.amazon.com/Sword-Spirit-Shield-Faith-Diplomacy/dp/1400043239

Sword of the Spirit, Shield of Faith: Religion in American War and Diplomacy

A richly detailed, profoundly engrossing story of how religion has influenced American foreign relations, told through the stories of the men and women—from presidents to preachers—who have plotted the country’s course in the world.

Ever since John Winthrop argued that the Puritans’ new home would be “a city upon a hill,” Americans’ role in the world has been shaped by their belief that God has something special in mind for them. But this is a story that historians have mostly ignored. Now, in the first authoritative work on the subject, Andrew Preston explores the major strains of religious fervor—liberal and conservative, pacifist and militant, internationalist and isolationist—that framed American thinking on international issues from the earliest colonial wars to the twenty-first century. He arrives at some startling conclusions, among them: Abraham Lincoln’s use of religion in the Civil War became the model for subsequent wars of humanitarian intervention; nineteenth-century Protestant missionaries made up the first NGO to advance a global human rights agenda; religious liberty was the centerpiece of Franklin Roosevelt’s strategy to bring the United States into World War II.

From George Washington to George W. Bush, from the Puritans to the present, from the colonial wars to the Cold War, religion has been one of America’s most powerful sources of ideas about the wider world. When, just days after 9/11, George W. Bush described America as “a prayerful nation, a nation that prays to an almighty God for protection and for peace,” or when Barack Obama spoke of balancing the “just war and the imperatives of a just peace” in his Nobel Peace Prize acceptance speech, they were echoing four hundred years of religious rhetoric. Preston traces this echo back to its source.

Sword of the Spirit, Shield of Faith is an unprecedented achievement: no one has yet attempted such a bold synthesis of American history. It is also a remarkable work of balance and fair-mindedness about one of the most fraught subjects in America.

Tuesday, March 13, 2012

Leave California. Stanford University Analysis

These Stanford professors state the problem correctly, and give some useful statistics. I am less optimistic than they are that California problems can be fixed. They do not appreciate the depths that California has already sunk (writing from plush Palo Alto). Many have already left, and Apple computer is massively expanding in Texas. http://www.cbsnews.com/8301-505244_162-57394445/apple-to-add-3600-jobs-at-new-$304m-texas-campus/

I re-discovered Florida Institute of Technology on the Space Coast which has many more miles of warmer beaches than San Diego, useable year round, and Disney world and huge University of Central Florida in Orlando 40 miles inland. Florida has no income tax and less smog than California too. 50 inches of rain per year and low cost high quality housing left by departing space workers due to NASA cutback. It is a puzzle to me why more have not left California. Much better opportunities all over USA.

Boskin & Cogan: California's Greek tragedy

Long a harbinger of national trends and an incubator of innovation, cash-strapped California eagerly awaits a temporary revenue surge from Facebook IPO stock options and capital gains. Meanwhile, Stockton may soon become the state's largest city to go bust. Call it the agony and ecstasy of contemporary California.

California's rising standards of living and outstanding public schools and universities once attracted millions seeking upward economic mobility. But then something went radically wrong as California legislatures and governors built a welfare state on high tax rates, liberal entitlement benefits, and excessive regulation. The results, though predictable, are nonetheless striking. From the mid-1980s to 2005, California's population grew by 10 million, while Medicaid recipients soared by seven million; tax filers paying income taxes rose by just 150,000; and the prison population swelled by 115,000.

California's economy, which used to outperform the rest of the country, now substantially underperforms. The unemployment rate, at 10.9%, is higher than every other state except Nevada and Rhode Island. With 12% of America's population, California has one third of the nation's welfare recipients.

http://online.wsj.com/article/SB10001424052702304537904577277242682364690.html?mod=googlenews_wsj

Monday, March 12, 2012

Fed Economists and the Profession

Check the facts. I printed out the latest issue of the main job dump "job openings for economists." 1 out of 100 openings is for the Federal Reserve Bank. Or 1%. They do advertise a lot because nobody wants the jobs and there is a high rate of turnover. They pay a little more to start but the salaries do not go up. They work 12 months instead of 9 month teaching jobs. The Fed works them to the bone and dumps them after a few years after they wring out all the information they can. Economists take those jobs in hopes of getting access to data in order to write articles and maybe qualify for a banking or faculty job somewhere later. The best economists want to teach at a good research university with knowledgable colleagues and a good budget where they might get tenure.

Federal Reserve Bank research is boring and not very useful. I won't read it, nor will anybody else. (except maybe a few Minneapolis studies). Fed work cannot be outsourced because it is too arcane and boring. They don't do much anyway so there is no need to outsource what little they do: "hurry up and wait" for the peons. Fed economists are not smart enough to trade. They cannot write a computer program for basic banking calculations such as Value at Risk. None of the regulators can regulate what they do not understand. That is a big reason for the crash. The regulators are not smart enough to regulate the banks so banks pretty much have free rein to do what they want. That is one of the advantages of making banking mathematics as obscure as possible -- so regulators cannot figure out what you are doing. If banks get caught they complain "slowing of innovation." If the Fed paid more and hired more and better economists then maybe they could regulate the banks better. But being owned by the banks that is not going to happen. There are just a few Fed economists and they are doing peon work.

Job site, hit XML dump and count "positions"
http://www.aeaweb.org/joe/listings.php

Research site
http://www.federalreserve.gov/econresdata/workingpapers.htm



At best the FED hires 1%. Joe, you seem to be off there, by several orders of magnitude. Need I remind you once again that you are relying on statistics furnished by the Fed, and they have a very heavily vested interest in obscuring reality?? When I do a Google search on “economics job opportunities” almost 90% of the hits include “Federal Reserve” in them because… (you forgot) the Fed, like most of Government, OUTSOURCES most of their work. Just like the CIA outsources most of their dirty tricks to Al Qaeda mercenaries worldwide. That is why in my response (which you conveniently omitted) I included the phrase “directly or indirectly” and yes, you do need to read all the words.

When I have students grade themselves it’s always amazing to see their creativity in making up “factoids” that are quite compelling but also very wrong. You have undoubtedly experienced the same thing in your teaching career. The Fed, I’d say, is no exception to that phenomenon. They cannot be trusted to grade their own work, nor should they be. Payroll and contract are two different entities to an accountant but that doesn’t hide the fact regarding the work product and the party for whom the work is performed. I take a stand on the facts, not the Fed’s pathetic pleas for mercy for their incompetence.

BB

Priceless: How The Federal Reserve Bought The Economics Profession





The Federal Reserve, through its extensive network of consultants, visiting scholars, alumni and staff economists, so thoroughly dominates the field of economics that real criticism of the central bank has become a career liability for members of the profession, an investigation by the Huffington Post has found.

This dominance helps explain how, even after the Fed failed to foresee the greatest economic collapse since the Great Depression, the central bank has largely escaped criticism from academic economists. In the Fed's thrall, the economists missed it, too.

"The Fed has a lock on the economics world," says Joshua Rosner, a Wall Street analyst who correctly called the meltdown. "There is no room for other views, which I guess is why economists got it so wrong."

One critical way the Fed exerts control on academic economists is through its relationships with the field's gatekeepers. For instance, at the Journal of Monetary Economics, a must-publish venue for rising economists, more than half of the editorial board members are currently on the Fed payroll -- and the rest have been in the past.

The Fed failed to see the housing bubble as it happened, insisting that the rise in housing prices was normal. In 2004, after "flipping" had become a term cops and janitors were using to describe the way to get rich in real estate, then-Federal Reserve Chairman Alan Greenspan said that "a national severe price distortion [is] most unlikely." A year later, current Chairman Ben Bernanke said that the boom "largely reflect strong economic fundamentals."

The Fed also failed to sufficiently regulate major financial institutions, with Greenspan -- and the dominant economists -- believing that the banks would regulate themselves in their own self-interest.

Despite all this, Bernanke has been nominated for a second term by President Obama.

Read more:
http://www.huffingtonpost.com/2009/09/07/priceless-how-the-federal_n_278805.html

Price Indexes. Re: income growth per capita

There are various ways of computing inflation:
http://en.wikipedia.org/wiki/List_of_price_index_formulas

The CPI is biased toward finding too much inflation because the CPI assumes a fixed basket that does not reflect the fact that consumers will shift away from inflating items toward deflating items. Also the CPI is not economy wide prices -- the CPI concentrates on just a few goods related to consumers. Similarly for WPI. The GDP deflator is better on both counts. The CPI is used because liberal politicians passed laws that use CPI to increase welfare checks and food stamps, not because it is a good index of inflation. Even if the Fed could spend a lot of resources to build a better price index the liberal politicians would still insist on the CPI because that will boost welfare checks.

Even worse none of the price indexes properly account for quality change and nobody has invented a method to do so properly. Price indexes are apples and oranges comparison of items that change in quality, quantity, and price over time. This defect cannot be easily fixed. If you properly account for quality change you would probably find that prices have been deflating at 20% per annum for decades. On top of that we have an additional 30% decline in house prices and other real estate. Houses are by far most people's biggest purchase. Ignoring the real estate price collapse is totally dishonest. Some derivatives and stock prices have deflated even more than 50% and that would also need to be factored in.

Inflation is a myth perpetuated by bad calculations on deficient data. The term should be changed to something more specific that better describes what is the calculation and data that is being input. A few professional economists understand CPI vs the deflator etc. Laypersons and politicians will never understand such concepts.

The Fed may have some influence on inflation, but what people buy is their choice. Deflation has been so great they people have vast amounts of money to spend on non essentials such as drugs, gambling, prostitution, junk food, and all the vices. These data do will never make it into the price indexes even if a good calculation could be developed.

Until price analysts can figure out what is being consumed and how to factor in quality the price indexes have limited value. It would be a waste of time for a layman to worry about it.

If you can forecast any inflation in any item then buy that item now and sell it later after the price goes up! I predict that water, farmland, cows and horses should inflate, considering the looming war, catastrophes and oil shortages. The fed has nothing to do with it. However, like they say, you should never forecast anything, especially the future.

The FED does not control the BLS calculations. They are totally different entities from opposite sides of the political spectrum.



Joe, I hate to use BLS statistics but since they have less skin in the “statistics game” than the Fed (creator of all inflation) does, I think the BLS statistics to be more accurate and here they are for your perusal. How the FED falsifies the BLS stats to make it look like they’re helping the working man is a mystery that I hope to solve some day. I think the Fed using 2005 dollars (practically worthless compared to earlier years) may have a lot to do with it.

BB

http://www.workinglife.org/wiki/Wages+and+Benefits:+Real+Wages+%281964-2004%29

Wages and Benefits: Real Wages (1964-2004)

























































































































































































































REAL WAGES

1964-2004

Average Weekly Earnings (in 1982 constant dollars)

For all private nonfarm workers
YearReal $Change
1964302.52
1965310.462.62%
1966312.830.76%
1967311.30-0.49%
1968315.371.31%
1969316.930.49%
1970312.94-1.26%
1971318.051.63%
1972331.594.26%
1973331.39-0.06%
1974314.94-4.96%
1975305.16-3.11%
1976309.611.46%
1977310.990.45%
1978310.41-0.19%
1979298.87-3.72%
1980281.27-5.89%
1981277.35-1.39%
1982272.74-1.66%
1983277.501.75%
1984279.220.62%
1985276.23-1.07%
1986276.11-0.04%
1987272.88-1.17%
1988270.32-0.94%
1989267.27-1.13%
1990262.43-1.81%
1991258.34-1.56%
1992257.95-0.15%
1993258.120.07%
1994259.970.72%
1995258.43-0.59%
1996259.580.44%
1997265.222.17%
1998271.872.51%
1999274.641.02%
2000275.620.36%
2001275.38-0.09%
2002278.911.28%
2003279.940.37%
2004277.57-0.84%


Source: U.S. Bureau of Labor Statistics

Sunday, March 11, 2012

glyphosate, meat Re: Garden

Ron,

I agree 100%. Gardening, hunting, fishing, and gathering should be learned by everybody ASAP. First: Almost everything in the grocery store is overly processed and contains unhealthy chemicals instead of nutrition. Second: USA infrastructure and economy is becoming increasingly fragile, decayed, and unreliable. Population is rapidly rising against a shrinking ecosystem. Political system is dysfunctional with rapidly increasing debts. There are any number of catastrophes that can happen. It is only a matter of time until there is a major collapse of some sort. Third: Land and house prices are at record lows in many solid ecosystems and farming areas. There has never been a better time to get off the grid for your electricity, water, and food. Even if you don't need it yourself you can sell it. Earn low taxed capital gains on the hoof from "live stock." Fourth: As you say, people need to learn that now, long before catastrophe strikes when it will be too late.

Joe

Alan,

Congratulations on your garden. Gardening or farming is a skill that takes time to develop. Many who will need to do so will not have the requisite skills available when they are needed. Many are not interested because they do not eat vegetables only processed "comfort" foods.
Rural tillable farmland will prove to be the wisest investment. This is agreed upon by billion dollar hedge fund operators like Jim Rogers and Marc Faber as well as military trained survivalist/author James Rawles of survivalblog.com.
Unlike yourself I live in a decaying urban environment (Fresno). (California's answer to Detroit).(I have lived there as well). There are approximately 50 million Americans on food assistance. Most have an attitude of entitlement or expectation with no survival skills or motivation to obtain such skills (zombies). I see this daily as they demand things from agencies and vendors. Farm thefts and other instances of rural criminal trespass are up here and nationwide. County Law enforcement is dependent upon decreasing state property tax receipts. Take prudent steps to protect your Nirvana.

Ron

Alan,

Plant foods usually contain all sorts of herbicides, fungicides, pesticides, and other dangerous chemicals. Plants also contain numerous naturally occurring toxins such as lectins and other poisons to discourage animals from eating them. Some lectins are used as highly lethal weapons
http://en.wikipedia.org/wiki/Lectin#Use_in_biochemical_warfare

According to Dr. Huber the glyposate herbicide damages the soil and plants but there is no evidence that it accumulates in animals.
http://articles.mercola.com/sites/articles/archive/2011/12/10/dr-don-huber-interview-part-1.aspx
Another important question that does not at present have an answer is whether or not glyphosate accumulates in animal and human tissues once consumed. We don't even know if glyphosate is fat-soluble, which would definitely make it accumulate in fat tissues.

An animal-based diet will eliminate the threat of lectins and artificial chemicals. It is also easy to raise animals organically. Bison thrived before the chemicals were invented. I grew up on organic beef, milk and eggs. Large herbivores are a natural part of the ecosystem. Plant foods are produced by farming that destroys the environment and kills the large herbivore populations. Farming also uses lots of oil and chemicals. Better to learn hunting and fishing and how to herd cattle or bison. That would eliminate the need for glyphosate and a whole range of chemicals and oil wars.

Joe

I have seen no evidence of wild pigs on my property. Everything is in balance.

We have plenty of oil for motor oil and any other uses where we are not burning it for fuel.

Yes we do get foods from other places and probably always will.

I have a major concern about foods grown using glyphosate (Roundup).

Animals age about 3 times faster. It ties up many of the minerals in the foods grown in fields using it.

And people are eating not only the GMO food itself, but animals and fish fed on those foods.

You should watch Dr. Mercola's interview with Dr. Huber. It is horrifying.

Alan

Alan,

You are not a self-sufficient vegan. For breakfast I just started with coconut oil from the tropics?, olive oil from Italy, macadamia from Hawaii, almonds from California, cashew from tropics?, tea from India? At least not refrigerated but it comes from all over at great cost. Raw milk and eggs can be produced locally provide many of the same oils, proteins, and carbohydrates. More balanced proteins.

You also need imported oil for your auto that will cause wars and destroy animal habitats. Pigs could supply you with biodiesel lard without any imports. Wild pigs are a major destroyer of the environment.

Local foods are fresher, healthier and save oil consumption and environmental destruction.

Joe

Joe,

I will not be buying domesticated animals to feed other people. I am a vegan and there are already plenty of wild animals living here. They were here first!

Alan

Alan,

Your garden is a good idea. You are already off the grid with your own electricity and water. Most grocery store food is polluted with e-coli germs, pesticides, herbicides, fungicides, fertilizers, preservatives other chemicals and packaging materials. Plus the food is old, rotten or at least not fresh. Neither healthy or tasty.

Also you have some protection against many wars and catastrophes. People don't realize how fragile the distribution system is for many essentials. I would not be surprised to see heat, fuel, food, electricity cut off in many parts of the USA as Obama Hilary continue to stir up trouble in the Middle East. Maybe this month!

Buy / rescue all the horses, bison, cows, pigs, and chickens that you have room for on your hundred acres. Nice pets and you can save people from starvation in the coming collapse. 5 chicks for $11 from this Missouri company: http://cacklehatchery.com/

Joe

Joe,

My goal is still to play tennis at 100. At least it is worth trying.

I am building the soil in my garden. I have hauled in about 8,000 lbs of wood chips in the last few days.

The idea is not to disturb the soil. Just add food for the worms and soil bacteria on top and let them do the work.

You just pull it back to plant the seeds. It pretty well eliminates weeds because you are not stirring the soil and they don't grow well in uncomposted wood chips.

Alan

Subject: Re: long life

Alan,

True. You cannot extend from 78 to 98 if you cannot make it past 58
due to diabetes, cancer, heart disease, or any of the other modern
degenerative diseases. Going over 100 will be much harder than getting more to live 80 years.

Those who make it to 80 may have to change to a new lifestyle at that
point. Not been studied well.

Ashkenzi are studied because they descended from just a few ancestors
confined to ghettos so are more genetically similar than the majority
populations.

Joe

Joe,

But if you are not an Ashkenazi, then you need to make the best of
what you have.

This study does not assess the differences in longevity based on life
style factors.

If the average lifespan for in America is 78 (guess) and all kinds of
people are dying from heart disease and cancer from life style
factors in their 50's, 60's and 70's, then obviously to get another 10 to 20
years beyond 78 should not be too difficult.

Alan

Subject: long life

Alan,

Genes are more important than diet to get the really long life-spans.

Joe

A new study suggests Aber-Noyek is typical of what scientists call
"super agers." The research, published in The Journal of the American
Geriatrics Society, found that people who live to be 95 or older do not tend to
have lived a healthier lifestyle than others who died earlier. "As a
group, the centenarians were really very bad," says Dr. Nir Barzilai, director
of the Institute for Aging Research at the Albert Einstein College of
Medicine, and senior author of the study. Barzilai asked 477 healthy Ashkenazi Jews between the ages of 95 and 112 about their lifestyle habits when they were 70 years old. More than 40% said they were obese or overweight, about
35% smoked and very few exercised. Their habits were no different from
those of a comparison group of people from the general population. "What this shows is that it really is the genes that helped the centenarians," he says.

http://www.einstein.yu.edu/aging/default.aspx?utm_source=ein-cpr&utm_me
dium=redirect&utm_campaign=agingproj&ekmensel=15074e5e_3582_3599_btnlin
k

Aging is a complex, universal condition leading to the functional
decline of all cells and organisms, and to major national and global public
health problems. Although aging is the major risk factor for developing most
adult-onset diseases, systematic investigations into the fundamental
physiology, biology and genetics of aging are only just beginning.

http://www.nytimes.com/2011/08/09/health/research/09longevity.html

The eating, drinking and exercise habits of extremely old but healthy
people differ little from those of the rest of us, a new study has
found. Gerontologists at the Albert Einstein College of Medicine recruited
477 Ashkenazi Jews ages 95 to 112 who were living independently. The
researchers took blood samples, did physical examinations and obtained detailed personal and medical histories from each participant. Then they compared them with 1,374 non-Hispanic white adults, ages 65 to 74, from the general population.

http://www.sciencedaily.com/releases/2011/08/110803083639.htm
People who live to 95 or older are no more virtuous than the rest of
us in terms of their diet, exercise routine or smoking and drinking habits, according to researchers at Albert Einstein College of Medicine of
Yeshiva University.

Horse advantages, economics. Mounted Police

You can ride your horse to New York City without using a drop of imported oil! You can shoot with both hands without steering because the horse can run straight without your input. If times get bad you can eat horse meat. Keep a dozen horses as pets. They can help your cows reduce vegetation so you can have an unobstructed view to see any intruders. Horse economics are great: you can buy a horse for $100 and use it for years. Google "horse rescue" Horses will be worth $20,000 or more if war pushes up gas prices too high. Horse and buggy would rent for $200 per hour or more. Enormous "capital gains on the hoof" potential. You will pay a very low tax rate on those capital gains like Mitt Romney. Even without a war, the horse is great fun socializing with the rich 1%, royalty, and super-rich. Breed your horses faster and more beautiful than all the others!

New York City charges about $200 per hour now for a horse drawn carriage http://www.centralpark.com/guide/activities/horse-drawn-carriages.html
Police in many big USA cities and around the world ride horses
http://en.wikipedia.org/wiki/List_of_mounted_police_forces

My cousin Maureen bought and sold horses in Silicon Valley through high school and college at which point she graduated to a new car every year and a new house every few years. I used to park at the stables at Stanford University (free) and lived for years near the stables and polo field in San Francisco where Maureen used to park some horses.

[gallery]

real personal income growth

The attached graph official data clearly show that real income has grown in nearly a straight line since the 1950s on a per capita basis. At least until Obama. I can remember the 1950s and 1960s and can confirm this growth through visual observation in many parts of the USA. Actually the growth has been much greater if you add in illegal drugs, prostitution, gambling, and loans which do not get reported.

The sob stories you refer to are uneducated liberals who will not or cannot be trained to contribute to the economy. Instead they live off big government programs or make-work affirmative-action schemes. This gives them lots of time to complain and get their sob stories into the media to build support for Obama and big welfare programs. Fortunately the educated classes are doing enough work to grow the income fast enough to support the parasites while building a bigger economy for everybody.

real personal disposable income per capita

Reply to:

Citizens don't care about inflation in principle because it is correlated with their income which is going up even faster -- more inflation means even more income. Joe, you are well aware that REAL wages (inflation adjusted) haven’t kept pace since about 1971. Inflation also rarely gets discussed nowadays. I have not heard of it much since the 1970s. Welfare checks, junk food stamps and other benefits have been going up faster than prices for decades so poor feel they do not have to work -- they have lots of money for drugs and illegal activity. Passive "investment" income has been going up even faster so the rich are not complaining about inflation either.

Friday, March 9, 2012

Fed Responsibility

The Fed does not measure inflation. The CPI and WPI indexes are laboriously produced by the Bureau of Labor Statistics that is concerned in part with protecting working people from inflation or deflation. Liberals usually point to those indexes if they want to boost welfare and other checks for the poor. They call the Fed into congress periodically and pass laws to force the Fed to pay attention to the desires of the poor. A more comprehensive and better set of prices are produced by the Department Commerce but they are complicated and hard to understand so liberals don't talk about them so much.
http://en.wikipedia.org/wiki/Cpi
http://en.wikipedia.org/wiki/National_Income_and_Product_Accounts

The Fed has a mandate for full employment and several other goals but was given no tools to achieve those (self-contradictory) goals in the enabling legislation
http://en.wikipedia.org/wiki/Humphrey-Hawkins_Full_Employment_Act

Mostly what the Fed can do is to buy and sell treasury securities. Sometimes they will manipulate with reserve requirements and discount rates. These tools will obviously not achieve the desired goals. Indeed there are more goals than tools. If the government wants to balance the budget and achieve other goals in that act then will have to do some of the work themselves such as raising taxes and cutting expenses.

Citizens don't care about inflation in principle because it is correlated with their income which is going up even faster -- more inflation means even more income. Inflation also rarely gets discussed nowadays. I have not heard of it much since the 1970s. Welfare checks, junk food stamps and other benefits have been going up faster than prices for decades so poor feel they do not have to work -- they have lots of money for drugs and illegal activity. Passive "investment" income has been going up even faster so the rich are not complaining about inflation either.

Most complaints nowadays are about deflation. Particularly house prices have fallen back to where they were 12 years ago leaving many "owners" underwater on their mortgages. The Fed did drop interest rates to zero leading to a liquidity trap. Liberals are still clamoring for more Quantitative Easing to coax banks into making loans, grow the money supply, and stimulate the economy, and boost prices. If people's house price would inflate then they would feel richer and would spend more on other goods thus leading to more GDP and start another economic boom. (QE theory sometimes called "pushing on a rope.")

I see this point of view but doubt if more debt is a good policy given the large amount of debt already outstanding. I argued in October 1967 that the Federal government should pay off its debts thus preventing the Federal Reserve from buying or selling Treasury securities. Today I still think that de-levering and reducing the amount of debt and other paper floating around in the economy. This would require the politicians to balance their budget, not a likely scenario due to the "success" of deficits in the past. Also households and corporations should not be so willing to take on more debts. But they are usually optimistic and not worried about debt repayment due to the economic stability engendered by the Fed over the last century.

Most complaints about inflation are coming from liberals worried about their welfare checks. Most complants about deflation are coming from homeowners worried about deflation in their home prices. Homebuilders also want home prices to rise to sell their inventory for a profit and to stimulate more optimism and new home construction. Politicians get the message. The Fed is forced to consider more Quantitative Easing to try to boost prices or they will face audits, investigations, and new laws by politicians as demanded by citizens.

Citizens should be investors to save for future needs and to provide funds for investment by the productive sectors of the economy. Smart citizens see the herd of other citizens being stampeded by the media into both good and bad investments. Smart citizens will get ahead of the herd to get the best investments to become the rich 1%. Cows, horses, acres and water will do well in oil war shortages and bad diet epidemics.

Response to:

I’m not looking at it as an investor, merely a citizen. Since all inflation is monetary, i.e. actually caused by the central banks, it becomes important that the bank play no role in measuring inflation or creating an index for measuring it. To do so would be a conflict of interest equal to legal and medical ethics violations. In order to have the credibility they so desire (and since they have a mandate for stable prices!), this is an unacceptable situation.

A big institution like the Fed should lead, follow, or get out of the way. They’ve screwed up for an entire century now. If they hope to justify their existence, they’ll have to stop hiring all the PhD grads and let an independent agency measure inflation – an agency that has NO skin in the game.