Dilogy: The Death of Economics
| n. | 1. | (Rhet.) An ambiguous speech; a figure in which a word is used an equivocal sense. |
"It occurs frequently, I believe, that a person is faced with a choice between a present and a future satisfaction or dissatisfaction and that he decides in favor of lesser present pleasure even though he knows perfectly well, and is even explicitly aware at the moment he makes his choice, that the future disadvantage is the greater and that therefore his well-being, on the whole, suffers by reason of his choice. The "playboy" squanders his whole month's allowance in the first few days on frivolous dissipation. How clearly he anticipates his later embarrassment and deprivation! And yet he is unable to resist the temptations of the moment"
Eugen von Böhm-Bawerk (1851–1914), an Austrian economist:
Economics will die one day, maybe soon. I mean let's face the reality, since crony capitalism is now the norm and nothing trumps greed except for death. Inevitable death is the great equalizer. So, if you want the end of economics and greed, await death.
In the meantime there is a muddled view of reality with intellectualism, it rambles on and confuses it's self with self-induced noise. Everything should be rare, hard to attain, almost impossible. Nothing should be easy or readily available. I had a dream I was at a dance school, the teacher made us dig these huge holes inside this wooden cabin, in some frozen wilderness somewhere in some Scandinavian country. Digging this hole, in subzero temperatures. I asked her why are we doing this? What is the point, I am here to dance baby. She said, 'just dig'. So I did, others didn't, they gave up, left, but I just kept digging. Huge hole, ice and mud. She wanted to see who would give up first. As there is no point teaching them, a waste of time. It's the ones that attain that rarity, that purity that is valuable. You know the funny thing, now in this time, with weak governments and swindlers - that are the modern bankers. They, in a sloppy way, like a criminal is, who is the epitome of sloppy desperation. Have tried to perpetuate a forever wealth, a forever time of prosperity and greed. Rarity doesn't exist in their world, just mania and consumption. But they look old and sick, dying, thieves on a rudderless boat sailing to oblivion.
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