Expecting the Unexpected

Mainstream economists--those that get access to major media outlets--seem to always be on the unexpected side of the analytics.

Inventories are unexpected.

Unemployment is unexpected.

Liquidity crisis is unexpected.

The list is long for the unexpected.

The credibility is effectively zero! Even NOAA does better than that predicting cylonic activity. They at least have a "cone of uncertainty." The bought-and-paid for economists we apparently have to rely on for readily accessible information operate with 100 percent reliability--complete uncertainty!

This means that if you are not a highly skilled technical analyst of the highest order, the reliable information you need to make political and economic decisions is effectively unavailable. It is antithetical to a free market legitimacy in which information may never be perfect, but should not be completely imperfect either and, therefore, exclusive to anyone that does not have the over-consolidated capital to dictate the movement of prices and markets. This means that decisions can only be reliably made with inside information which, if you work financials, is illegal.

Alan Greenspan says, in his most recent critique on the management of the economy, that no technical analyst "expects" something like a liquidity crisis involving over-sized financial institutions to be regulated by a free market mechanism. (That's like a mechanic telling you that your car overheats because it doesn't have a cooling system.)

Problem: inadequate free market mechanism.
Solution: add the free market mechanism.

This is not Greenspan's solution. No. He proffers a super-ego regulatory authority that allows for the consolidation of capital that causes the problem (the car without the cooling sustem). Brilliant!

Its time to deny political access to power plutocrats and their technocratic cronies that deny a practical free-market mechanism that allows for the full effect of a legitimate collective wisdom without the expense, restraints, and arbitrations of government authority.

Contrary to what technocrats like Greenspan say, a free and unconsolidated marketplace ensured by the operation of government authority in priority, ensuring minimal tax liability and regulation while maximizing freedom of choice, as Adam Smith prescribed it, is entirely possible with the benefit to the public good fully expected.

It's time for a pragmatic pluralism that ensures our peace and prosperity; something we KNOW works (a free market mechanism) replacing what we KNOW does not (consolidation of capital, industry, and markets).

Obama/Biden 2008!

Very best wishes.