Economics 101?
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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 Web Design & Development Santa Fe, NM http://cirrillian.com 281-989-6272 (cell) -- --- .-. . .-.. --- -.-. -.- ... -..-. .- .-. . -..-. - .... . -..-. . ... ... . -. - .. .- .-.. -..-. .-- --- .-. -.- . .-. ... FRIAM Applied Complexity Group listserv Zoom Fridays 9:30a-12p Mtn GMT-6 bit.ly/virtualfriam un/subscribe http://redfish.com/mailman/listinfo/friam_redfish.com archives: http://friam.471366.n2.nabble.com/ FRIAM-COMIC http://friam-comic.blogspot.com/ |
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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 [hidden email] https://wordpress.clarku.edu/nthompson/ -----Original Message----- From: Friam <[hidden email]> On Behalf Of Robert J. Cordingley Sent: Tuesday, May 26, 2020 5:56 PM To: The Friday Morning Applied Complexity Coffee Group <[hidden email]> 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 Web Design & Development Santa Fe, NM http://cirrillian.com 281-989-6272 (cell) -- --- .-. . .-.. --- -.-. -.- ... -..-. .- .-. . -..-. - .... . -..-. . ... ... . -. - .. .- .-.. -..-. .-- --- .-. -.- . .-. ... FRIAM Applied Complexity Group listserv Zoom Fridays 9:30a-12p Mtn GMT-6 bit.ly/virtualfriam un/subscribe http://redfish.com/mailman/listinfo/friam_redfish.com archives: http://friam.471366.n2.nabble.com/ FRIAM-COMIC http://friam-comic.blogspot.com/ -- --- .-. . .-.. --- -.-. -.- ... -..-. .- .-. . -..-. - .... . -..-. . ... ... . -. - .. .- .-.. -..-. .-- --- .-. -.- . .-. ... FRIAM Applied Complexity Group listserv Zoom Fridays 9:30a-12p Mtn GMT-6 bit.ly/virtualfriam un/subscribe http://redfish.com/mailman/listinfo/friam_redfish.com archives: http://friam.471366.n2.nabble.com/ FRIAM-COMIC http://friam-comic.blogspot.com/ |
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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, [hidden email] 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 > [hidden email] > https://wordpress.clarku.edu/nthompson/ > > > > -----Original Message----- > From: Friam <[hidden email]> On Behalf Of Robert J. Cordingley > Sent: Tuesday, May 26, 2020 5:56 PM > To: The Friday Morning Applied Complexity Coffee Group <[hidden email]> > 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 > Web Design & Development > Santa Fe, NM > http://cirrillian.com > 281-989-6272 (cell) > > > -- --- .-. . .-.. --- -.-. -.- ... -..-. .- .-. . -..-. - .... . -..-. . ... ... . -. - .. .- .-.. -..-. .-- --- .-. -.- . .-. ... > FRIAM Applied Complexity Group listserv > Zoom Fridays 9:30a-12p Mtn GMT-6 bit.ly/virtualfriam > un/subscribe http://redfish.com/mailman/listinfo/friam_redfish.com > archives: http://friam.471366.n2.nabble.com/ > FRIAM-COMIC http://friam-comic.blogspot.com/ > > > -- --- .-. . .-.. --- -.-. -.- ... -..-. .- .-. . -..-. - .... . -..-. . ... ... . -. - .. .- .-.. -..-. .-- --- .-. -.- . .-. ... > FRIAM Applied Complexity Group listserv > Zoom Fridays 9:30a-12p Mtn GMT-6 bit.ly/virtualfriam > un/subscribe http://redfish.com/mailman/listinfo/friam_redfish.com > archives: http://friam.471366.n2.nabble.com/ > FRIAM-COMIC http://friam-comic.blogspot.com/ -- Cirrillian Web Design & Development Santa Fe, NM http://cirrillian.com 281-989-6272 (cell) -- --- .-. . .-.. --- -.-. -.- ... -..-. .- .-. . -..-. - .... . -..-. . ... ... . -. - .. .- .-.. -..-. .-- --- .-. -.- . .-. ... FRIAM Applied Complexity Group listserv Zoom Fridays 9:30a-12p Mtn GMT-6 bit.ly/virtualfriam un/subscribe http://redfish.com/mailman/listinfo/friam_redfish.com archives: http://friam.471366.n2.nabble.com/ FRIAM-COMIC http://friam-comic.blogspot.com/ |
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In reply to this post by Robert J. Cordingley
According to my economist friend, it has gone nowhere and it is that lack of movement that is problematic.
"Some numbers: The money supply is between 4 and 11 trillion depending on which definition of liquidity is used. Of that, $1.8 trillion is in cash that circulates outside the Fed. About 60% of it, by most estimates, has found its way abroad to be used instead of local currencies because people like dollars. There is some also held in paper in central banks around the world, though most of these international reserves tend to be electronic. There is some cash in the vault of banks to take care of the needs of their customers and then there is some held in our pockets. In fact, there have been reports that people these days are hoarding cash--typical behavior during times of uncertainty. With the exception of people hoarding cash, there has not been a big change in the proportions of who holds cash." The same amount of money is in the system, it is mostly just static, sitting in whatever account it was last in. The majority of that static money is in the accounts of the rich and giant corporations. What money is still circulating is mostly a drain from the accounts like my checking account to cash in pocket to cash drawer at the grocery. davew On Tue, May 26, 2020, at 5:56 PM, Robert J. Cordingley wrote: > 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 > Web Design & Development > Santa Fe, NM > http://cirrillian.com > 281-989-6272 (cell) > > > -- --- .-. . .-.. --- -.-. -.- ... -..-. .- .-. . -..-. - .... . -..-. > . ... ... . -. - .. .- .-.. -..-. .-- --- .-. -.- . .-. ... > FRIAM Applied Complexity Group listserv > Zoom Fridays 9:30a-12p Mtn GMT-6 bit.ly/virtualfriam > un/subscribe http://redfish.com/mailman/listinfo/friam_redfish.com > archives: http://friam.471366.n2.nabble.com/ > FRIAM-COMIC http://friam-comic.blogspot.com/ > -- --- .-. . .-.. --- -.-. -.- ... -..-. .- .-. . -..-. - .... . -..-. . ... ... . -. - .. .- .-.. -..-. .-- --- .-. -.- . .-. ... FRIAM Applied Complexity Group listserv Zoom Fridays 9:30a-12p Mtn GMT-6 bit.ly/virtualfriam un/subscribe http://redfish.com/mailman/listinfo/friam_redfish.com archives: http://friam.471366.n2.nabble.com/ FRIAM-COMIC http://friam-comic.blogspot.com/ |
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