ABC Index ... Index Economists
Crack Cocaine Economics
Euphoric stimulus packages that do not last that lead to worse depressing conditions.
When Herbert Hoover assessed the economic downturn after the 1929 stock market crash, he wanted to minimize people's worry by not using the word "Panic," the traditional word for economic chaos. Instead, Hoover called the downturn a "depression." The same historical judgement will develop on the economic phrase: "stimulus."
When a heart stops beating, a stimulus injected into the heart may restart it. However, if a person chronically stimulates instead of feeding his body, his heart will permanently stop as his health declines. This is one of the reasons that chronic users of chemical stimulants (speed, meth, crack, cocaine and uppers) appear to have bulimia with rotten teeth. Uppers or speed were often used by housewives to reduce hunger so they would lose weight. Overdone, a stimulus to one's physical or economic body is an appointment for embalming or revolution.
Anytime someone receives monies that they did not earn--including pity money--economic inflation occurs. At a certain point, a chronically ill economic body cannot rebound from bad money policies. Collapse and chaos are inevitable.
The question for politicians and economists enamoured with "stimulus" is whether their stimulus package is restarting a stopped heart or feeding a crack habit. Said another way, is the stimulus good or bad? If the economic body requires repeated deficit-based stimuli, it is an economic crackhead addicted to artificial stimulants rather than endogenous health. Consider the trajectory of the following stimuli legislated by habitual politicians.
When politicians make good policies then the polity in the polis will be polite without police.
Like all entities in existence, a stimulus can be quantified in time. Does it create time? For how long? If it is a saltwater policy which temporarily quells the thirst for solutions to one's problems, then one should not drink the saltwater solution. In other words, if the stimulus is an example of Kodak morality then the benefits are short-lived. Habitual politicians are guilty of Kodak morality and crack cocaine economics when they use an economic stimulus to bump up the economy before the next election.
In reviewing the above list, recognize that they accelerate the existential meltdown by misdirecting human time away from producing the basics of life. In 2010, habitual athletes bargained for higher million-dollar wage packages while teachers, policemen and firemen were being laid off. The President of the United States has his speeches cut short by network TV while a habitual athlete buys an hour of TV time to explain why he wants to frolic in the sun.
A stimulus is either creative or cancerous, either good or bad, either living or lying. The latter contrast refers to how money--whether earned, borrowed or printed--either stimulates the cost of living or the cost of lying (the two parts of the cost of humanity). If politicians and people stimulate their wants and wastes instead of their needs, they should not be surprised at what they elect when they vote badly with their dollars.
The impact of how money is spent defines the quality of money. As is often said, we get the politicians that we vote into office. Likewise, we get policies that reflect our personal spending habits. If we are so dumb as to vote for players and gambling, we should not be surprised when the politicians wreck the economy with more stimulation of sports and lotteries. We get the government and policies we deserved.
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|>||#1 Index Economists||100908||Eco Meanies: Economists|
|>||#2 bad money policies||131010||Quality of Money|
|>||#3 habitual politicians||071101||Habitual Politicians: Habitual Problems and Terrorism|
|>||#4 quarantine||100831||Disaster Retiming: Quarantines|
|>||#5 Whole Plan||100810||Whole Plan: Dreadnought or Dread All|
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|>||#7 British Petrophilia Gulf Oil Disaster||131210||British Petrophilia Gulf Oil Disaster|
|>||#8 caring carefully||100809||Care Carefully|
|>||#9 good money||131010||Quality of Money|
|>||#10 Monetary Colonialism||071111||Monetary Colonialism|
|>||#11 saltwater policy||071101||Salt Water Politics|
|>||#12 Kodak morality||100812||Kodak Morality|
|>||#13 existential meltdown||071101||Existential Meltdown|
|>||#14 cost of humanity||100607||Cost of Humanity: Living and Lying|
|>||#15 quality of money||131010||Quality of Money|
|>||#16 grown jobs||100725||Groan Jobs: "Green" Jobs Killing Life On Earth|
|>||#17 cost of living||100825||Cost of Living Reduction|
|>||#18 cost of lying||Upload 111215||Cost Of Lying, Wants, and Waste: Examples|
|>||#19 elephant in the room||100813||Elephant in the Room: Global Dying|
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