If you’re so smart, why are we so broke?

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America’s ongoing jobs depression - which is what it deserves to be called - is the worst economic calamity to hit this nation since the Great Depression.

— Robert Reich, Clinton Administration Labor Secretary, economist

It seems that Reich’s comments are something every American, and probably most citizens of the developed world can unite upon. The problems we face seem to be agreeing on the means to combat, fix, or lessen the jobs problem.

The Chronicle has some of the smartest readers in the human universe. If you read these columns on a weekly basis you are going to have to work your way through two to three times the verbiage that accompanies the more popular pundits and commentators. Mainstream media doesn’t pay people to develop specific topics; it just takes up too much space that could be used for advertising revenue. This is becoming an even more important symbol in the Internet age, as click to external commercial sites become the major means of web support.

I have been told I am a smart guy, even a close personal friend of over a quarter of a century has said I need to print and distribute business cards that say: “Genius For Hire!” I would say in the total picture, I do have a few unusual gifts that are somewhat unique, that we touched upon last week, which I seem to be able to see or comprehend things in a way other people can’t see, or more likely don’t want to see. This is sort of a disharmony in which many people seem to be afraid to look for. Others have called it an obtuse way of looking at life.

This week we will begin to develop a theory that just sort of popped into my mind as we have watched the development of the bear stock market and the various pundits, commentators and analysts’ response to this developing reality.

Tags: evolution, Adam Smith, GDP, FED, Joseph Schumpeter, enterprise hydrologic cycle, Entrepreneurial Pioneer Area