"The mind is a compact, multiply connected thought mass with internal connections of the most intimate kind. It grows continuously as new thought masses enter it, and this is the means by which it continues to develop."

Bernhard Riemann On Psychology and Metaphysics ca. 1860

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Tuesday, September 13, 2011

The Definition of Insanity Revisited

It is well known that Einstein was self evidently correct when he stated that the definition of insanity is doing the same thing over and again after it has proven to be a failure. Let us extend this principle to the behavior of society at large. Today we are gripped with a fanatical attempt by the powers that be to save the paper value of debt by inflicting brutal austerity on the elderly, ill, and dispossessed citizens of this planet. History is littered with enough such failed attempts to do just this that have always led to tragedy. World War II was the catastrophic result of the latest such bankers' experiment. Yet we are constantly being  told today by the press sewers that we have no choice but to impose the same policies again.

Thus, the magical belief that monetary value is sacrosanct is insanity writ large. It is high time for us to break with the past and enact reforms in the tradition going back as far in the past as the reforms of Solon of Athens and as recently as Alexander Hamilton's creation of the American system of sovereign credit. The unpayable gambling debts created out of thin air by the financial oligarchy must be repudiated and we must set a new course for our economy that is sane: credit for projects that will sustain our people in the here and now and out to the foreseeable future.

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