Money per se is a political fiction by definition. That which sustains a nation's population is physical production, energy, infrastructure and technological advancement in these categories. A sane policy will seek to have a banking system that fosters rapid growth of these sectors. This is precisely what the genius of Alexander Hamilton accomplished upon the retirement of the USA revolutionary war debt. Today we have thrown this principal away by having a banking system that is beholden to a criminal speculative looting of these very same sectors. The repeal of Glass Steagall was the final nail in the coffin that delivered our economy to the "too big to jail" financiers' diabolical machinations.As Jacques Attali, the permanent Presidential adviser in France recently noted " the only difference between Madoff and the Western governments is that Madoff is in jail."
Eratosthenes first measured the circumference of the earth from the shadows cast by the sun. Today, humanity's fitness to survive will be measured by our ability to conquer that same thermonuclear fusion that casts those shadows. Thus, Prometheus will truly be unbound.
Saturday, January 04, 2014
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