[FRIAM] Economics 101?

[Robert J. Cordingley]

Hi Nick

I sort of understand the gerbil wheel analogy but I don't think it 
answers the question (regardless of feminism issues). Over many decades, 
Western economies have essentially got 'wealthy' and benefited from  the 
availability of energy from the oil and gas industries. So does the 
current economic crisis trace back to problems with the fossil fuel 
industry?  Travel is down big time, hospitality industries are off big 
time. But that just adds to the list of people who don't have it. It's 
beginning to look like it's all a mirage and wealth is actually based on 
debt to someone. Once and if the debt catches up with the circulation of 
the economy it would all collapse. Is it a giant Ponzi scheme?  [I'm 
going to predict it can all be explained by solving differential 
equations in useful economic models.]

Robert

On 5/26/20 6:30 PM, thompnickson2 at gmail.com wrote:
> Robert,
>
> Thanks for asking that question.  I asked it about a month ago in the form, What is this economy we are mourning.  What ever the economy is or money is, both seem to correlate with the number of times we all run around the wheel in our cages.  So, if we all stop exercising in our cages, the wheel stops, and that’s the economy.  It make sense because both government and industry skim off transactions, and so the fewer transactions we do, the poorer they are.  That's why The Elites finally gave way to feminism.  By monetizing childrearing they could, in effect, monetize transactions within the family.
>
> N
>
> Nicholas Thompson
> Emeritus Professor of Ethology and Psychology
> Clark University
> ThompNickSon2 at gmail.com
> https://wordpress.clarku.edu/nthompson/
>   
>
>
> -----Original Message-----
> From: Friam <friam-bounces at redfish.com> On Behalf Of Robert J. Cordingley
> Sent: Tuesday, May 26, 2020 5:56 PM
> To: The Friday Morning Applied Complexity Coffee Group <friam at redfish.com>
> Subject: [FRIAM] Economics 101?
>
> Meanwhile, during this pandemic/economic crisis, where has all the money gone? The people laid off don't have it, their employers don't have, their laid off customers don't have it. Landlords and mortgage holders probably don't have it because their clients are not making the payments like they used to. Farmers don't have it - sales are down. The city doesn't have it.  The State doesn't have it, its budget is in tatters. Where did it go? I'm not trying to be funny it's a serious question, any thoughts or pointers to texts on economics that would explain what's going on? I know I have less of it too, tho' we might be spending less but it's too early to tell. I'm not really buying (sic) that it's just stopped circulating that's made everyone poorer. If it's not circulating it must be accumulating somewhere, where? Maybe the plutocrats have got it.
>
> --
> Cirrillian
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-- 
Cirrillian
Web Design & Development
Santa Fe, NM
http://cirrillian.com
281-989-6272 (cell)