High Priests of Another Permian Extinction?
Here is a brief commentary regarding "The State of (Physical) Economics"posted to an Austrian Economics Forum today. There is no denying that the Accepted Economic Thesis played a leading role in bringing us to the current stage of these times and conditions. A performance that may now be beyond the reach of any form of human mitigation.
And yet, still even today our brightest and best minds ignore or fight these combining facts and laws of climate, natural and physical science, whose related mathematics all act to form clear limits and logical results for physical economics. But rather, they choose the road of insane abstractions and assertions regarding some infinite positive-sum-game of metrics and activity that "only exists" in the stories that they collectively tell in what are supposedly our hallowed halls of highest thought and education. Is all this again some sort of fog - The Fog of Economics? .
So if just a handful of simple words; in a few humble sentences ,can understand this complex predicament that we face together - then why can't they? Or perhaps, better yet - why can't we?
In the end; no matter what ,we should vigilantly remember that: reality bats last - and there will be NO EXTRA innings. Because Yogi ..."when it's over - it's simply over!"
First Financial Insights
March 16 2014