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Conversation Between Murmansk and Pinkie-Dawn
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  1. Murmansk
    June 10th, 2015 8:44 AM
    There may be some contributions from that realm, but that they're ultimately so small that you can't blame it as being causal.

    An economy leading towards a troubled flop means that there has been a mass misallocation of resources across the entire economy.

    I think the most significant factor as to why the economy is in such a floundering condition is you have 80 to 100 years of intertwining with governmental policy mixed which has ultimately skewed itself towards a very short time frame for seeing results or even mitigating damage.

    So for quite some time there has been a bit of a disregard for long term growth in a healthy way. Sometimes we see investments in such things that are ultimately fruitless and have very dubious use cases. Yet for the most part we see this hyper Keynesian focus on immediate consumption. After all, the man famously said "In the long run we're all dead anyways."

    And he's the main economist on which most economic models and theories have been founded. (At least in terms of the mainstream.)

    Now we could start trying to break it down into individual contributing factors, but you would cast a net so wide that the conclusions wouldn't be too helpful, I suspect.

    I think you're going to see a biiiig collapse followed by a shrinking governmental budget and a freeing up of the labor markets and other restrictions and -possibly- a foray into allowing competing currencies to arise. The less influence a State can exert over an economy, the healthier it will be in the long run. So we'll likely see a shift towards that so long as the political classes of the US and other faltering economies wish to stay relevant.

    Either that or they corrode their power base in a great flash of ignorance which will make quite the mess despite being recoverable.

    Given the current status of the world and new, exciting, emergent technologies - I'm hiiiighly optimistic. Falling prices in production, safer alternatives to government fiat, and a spread towards more individual power is reason enough to be chipper. I'm not saying a better future will come for sure, but the tools are currently available which can birth the better tomorrow we all desire.
  2. Pinkie-Dawn
    June 9th, 2015 7:32 PM
    You think research for alternate resource for healthier environments, as well as protection of other living organisms, is the reason of the economy's current state?