What are your Economic views?

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I tend to be right of center, but I am learning more and more about the economy and I don't know.

I think that the economy is in bad shape - too many interlocking systems of debt are collapsing on each other. I think the reason for this is that the greed of financiers was released after the repeal of the Glass-Steagall Act.

I think that economies act in ways that are similar to ecosystems. There is a computer program called the Game of Life that simulates such phenomena using cellular automata. With the right rules, the system can chug on with a dynamic equillibrium for some time. But if the rules are changed, a species booms and then goes bust, the system crashes. I have coded various version of the game and altered the rules, watching the results. 0110101010101010100100010101011010100!




Conway's Game of Life at Wikipedia (with live demos).

Sorry, monty, I don´t get it. What do you mean by "greed of financiers was released"? Can you elaborate on what you want to convey to your readers by your vauge statement?

Laissez-faire capitalism. Depending on the particular issue and my mood, I align with either the Austrian school or the Chicago school.

I'm a Market Socialist (basically a mixture of Neo-Keynesian market economics and co-op based socialist economic models), though I think of it as a ethical ideal to aim towards rather then some revolutionary program to implement. At the least I would like employees to have an equal degree of control of a corporation's board of directors as investors do.

Im stocking up on guns and ammo before the depression hits. Im also looking into a piece of property in a rural area. It might be wise to have canned goods, water, and medical supplies on hand. The cities will be the worst off. During the last depression people were poor but they had each others backs. These days people are divided among their individual racial and ethnocentric factions. Its going to get ugly. Keep your friends and family members as safe and as close as possible. Leaving the country might not be a bad idea although when our economy crashes it may create a domino effect in other countries as well. I dont blame George Bush for this. I blame anyone stupid enough to vote for him. It was a nice country while it lasted.

>> Article at Market Oracle dot UK <<

Here's another article from the BBC that estimates the damage at $1 trillion.

They don't use the greed word. Instead, they say the banks were complacent about disclosing what was going on, or "there was a failure of banks' risk management systems to appreciate that the new "structured finance vehicles" that they used to offload their risky sub-prime investments were not really viable." In other words, they didn't tell their customers that they were being sold an asset that would never yield anything close to what was stated or implied.

>> BBC article <<

I support a mixed economy, simmilar to the ones found in europe and other social democracies.

Mixed economy, but not like the United States with our Federal Reserve system and corporate subsidies.

True laissez-faire capitalism with a Lockian style gov't.

echo Sargon...

viva liberty!

i'd like to go back to trading everything with seashells and rocks

I support a mixed economy, similar to the United States.