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noinvisiblehand

Listed below are comments made by noinvisiblehand between Monday, 11th August 2008 and Friday, 27th March 2009.

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Gilts and innocence 7:57pm on 27 Mar 2009 I’ve been thinking about,or fixating over an idea which has settled into one word in the past few days. It’s very simple, and will be laughed at. It will never be a popular idea, but it IS a logical and sensible idea.

Contractionism is managing negative growth to bring debt and carbon levels down and to modify employment trends towards greater self-sustainabilty.

Okay. All laugh in unison now!

That’s the idea.
Rio, China and British investors 9:44pm on 12 Feb 2009 short term medium term long term... come on, lets be more specific!
Rio, China and British investors 9:43pm on 12 Feb 2009 Haven't commented on here for ages, and I'm not her to talk about China taking over the world. That's for another time. There a few things I have to say to put forward my baby economic model. I've been quiet for too long so now let me diatribe!

With regards to price discovery, I think my handle (noinvisiblehand) describes my thinking very clearly. I am slowly, but with determination, trying to blend together government agencies, traders, investors, treasuries, banks, producers, consumers, the environment and supply and demand to show that a price is guided by circumstance and human judgement (or lack thereof) to reach a logical equilibrium, NOT guided by a mysterious invisible hand which is a fundamnetally flawed and outdated concept, which gives economists a bad reputation.

The Keynesian Neo-Classical model is a dead fish, and it's smelling rotten. Now is the time for brave new thinking which accepts that this current recession is an oppurtunity for us to slow the inevitable downfall of humankind.

There needs to be a balance found between reward and consequence. Perhaps consequence can be the new buzzword for the profit motive which is the driving force for every boom and bust we've ever known. I'm not saying that profit needs to be eradicated, for free enterprise does create efficient new technologies. The ecological and social consequences of the profit motive need to be better appreciated. The more co-operative the global economy becomes (global localism), the better for society. WE do, after all, want to see our descendents inheret a liveable world! Profit for sustainable development is what I hope for.

Although I reject almost all of Keynesian thinking as I train myself up, I do find the concept of global currency fascinating. The current poor state of the developed world's balance of payment accounts has a lot to do with the freeze of the global finacial markets, but is hardly mentioned. If BOP accounts around the world were more evenly balanced, trade would become both freer and fairer, without too much political interference.

The rich poor divide will aways be a fact of life. But reality of expectation is something which needs to be taught to everyone from a young age. Stupendous, obscene wealth, as well as credit addiction, need to be relegated to the history books. Social and environmental responsibilty should be the new badges of honour, the post-post modern way of becoming famous, of becoming a politician.

So, I sum up this little diatribe by saying that this is what I envisage:
capitalist co-operative sustainable low debt development led by a polical party called The Conservative Left!

View my writing:
www.redbubble.com/people/noinvisiblehand

and my blog
www.ianjamesmcadam.wordpress.com
2009 is payback year 2:15pm on 15 Dec 2008 Top heavy service economies don't work. Our technology has robbed us of skills which have actual physical value. It's not just the state of the credit market we have to worry about. It's our national institutions like the military, the NHS etc that we need to be extra careful to protect. And what is going to happen to our pension desert?

Has anyone heard the word we so desperately need to hear - restructure? It's an impossible task, that's for sure, but it's about the only option left to us.

Ration book,anyone?
BAA break-up 12:44pm on 23 Aug 2008 By the way, Mr Peston, check me out on red bubble. You might be entertained.
BAA break-up 12:42pm on 23 Aug 2008 It's not so much the airports. It the oil. And food, stupid.
BAA break-up 12:38pm on 23 Aug 2008 Co operate. Not for profit. TRUE COLOURS.
Humanity. I talk about it. We're not going to change. But we should.
RBS takes silver medal 09:41am on 11 Aug 2008 And to think they print money. It truly takes my breath away. So much for.... Scottish prudence...
Olympic overdose? 09:38am on 11 Aug 2008 Until China stops treating it's citizens like small children, I'll caryy on with my criticism. What does autonomous mean anyway?
May be as bad as early 90s 09:33am on 11 Aug 2008 Contraction. Not stagflation. Not hyper inflation. That is the only way to secure our future. Economic development and economic growth are not the same thing. I'll carry on pipe dreaming!

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