No Skin In The Game XIV

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A man is rich in proportion to the number of things he can afford to let alone.
— Henry David Thoreau

Finally the finale!

This week we will briefly discuss some points that need to be enlarged further, but it seems that many of these need to be developed on their own merit, shall we say as “New True Skin In The Game” realities.

But for the grace of God alone, I began this series stating that I have no skin in the current economic game. This current dithering and dinking with that old closed game of debt driven consumerism has now put most people into lifeboats, trying to save what they can, as the financial ship sinks. As of this writing it looks like the politicians in Washington DC, haven’t a clue about what is happening in the real world. They will propose to enact this, or cut that, or just continue another bimodal theory, and forego the unintended consequences; just because they believe their actions will cause no unintended consequences!

Way back in the Reagan Revolution, we found out that the bimodal Laffer Curve was the cure for the bimodal high progressive tax rates. So we replaced tax avoidance investment schemes, with Wall Street investment schemes and guess what? In our complex money economy, with no true exponential wealth creating inputs, a zero sum game, trickle down economics—didn’t.

Never mind the Voodoo Economics, or some other evolving economic plan to save the world, we can just make sure real estate increases more rapidly that inflation, forever and ever. Amen!

How to get your skin in the new game!

The Industrial Age game makes bankers happy because they get their compound interest; no matter what happens to nation states, or the people groups that they represent.

The game that makes the people happy is the opportunity to pursuit their uniqueness, and failing that, they want to be well compensated temporally (past, present and future) for their opportunities the nation states and their colluding economic partners have wasted.

In the middle of all this turmoil is the nation state, and no matter its form of government, has done its best to prove last week’s Edmund Burke’s axiom: “Great empires and little minds go ill together.”

Tags: Reagan Revolution, Industrial Age, Modern Money, exponential growth, agriculture, God, Sin Cosmos