Posted by Guy c. Stevenson
A duct tape economy.
Since the development of ‘Duct tape’ man has always tried to solve most every broken thing with it.
Why would the modern day fix-it man use anything else. Duct tape has virtually been written into the DNA for the idiots tool box of ideas. Short term it may be; but for the everyday handyman this is the ‘Holy Grail’. What’s disturbing to this Red Green fan, is both politicians and policy makers have been ordering this product by the truck load, for banking and currency all the way to housing. The Federal Reserve has used and endorsed this product for so long, that they bought the company. Their new brand is called QE Duct Tape. Ya! get yourself some of that stuff. It’s a fact, policymakers have even found it good for covering up unemployment and inflation numbers. Works great for social ailments, but sadly it can’t be used to fix principles or the Constitution. It’s also good for wrapping Christmas presents and sealing envelops.
Remember; “If the women don’t find you handsome, they will at least call you handy – with duct tape.” (For management of the homestead)
“A Duct Tape Economy needs a Duck tape Congress”
http://www.youtube.com/watch?v=O4IWbYLs0ao
Kicking the can or duck taping the economy.
News from “It’s a Duct tape World!”
Abraham Lincoln had something to say on that score. In the debate with Stephen Douglas on October 15, 1858, Lincoln declared that taking for one’s self what another earns is nothing less than slavery: “It is the eternal struggle between two principles, right and wrong, throughout the world. It is the same spirit that says ‘you toil and work and earn bread, and I’ll eat it.’ No matter in what shape it comes, whether from the mouth of a king who seeks to bestride the people of his own nation, and live by the fruit of their labor, or from one race of men as an apology for enslaving another race, it is the same tyrannical principle.”
Two wrongs don’t make a right. It’s no more fair for “capital” to rob “labor” by withholding a just wage, than it is for workers to demand increases in pay for work done by capital owned by others. Would a black slaveholder who kept his former white master in involuntary servitude somehow be less despicable for doing what he, better than anyone, knew to be wrong?
The solution in Binary Economics, of course, would be to open up democratic access to money and credit so that owners of labor could also become owners of capital, thereby sharing in productivity growth by right rather than as the result of coercion. Dr. Blindly-Stumbling doesn’t stop with hinting that what belongs to owners of capital should be redistributed to owners of labor, however. After declaring, “Our biggest problem today is the shortage of jobs” (and how, exactly, does raising the price of labor encourage job creation?), Dr. Blinder asserts,
The Federal Reserve is trying to do something about it. But having fired so much ammunition already, it is down to pretty weak weaponry. Yet the Fed’s announcement that it would purchase $600 billion worth of Treasury bonds was greeted by thunderous protest from the right, which frets over inflation even as we teeter on the brink of deflation.
When full employment is reached, any attempt to increase investment still further will set up a tendency in money-prices to rise without limit, irrespective of the marginal propensity to consume; i.e. we shall have reached a state of true inflation. Up to this point, however, rising prices will be associated with an increasing aggregate real income. (General Theory, III.10.ii)
“My other piece of advice, Copperfield,” said Mr. Micawber, “you know. Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. The blossom is blighted, the leaf is withered, the god of day goes down upon the dreary scene, and — and in short you are for ever floored. As I am!”
Which comes first, the chicken or breaking the eggs and then duct taping?
“Own [the Chicken] or be Owned”
