This Is A Light-Hearted Entry About Global Economic Affairs

Proceed with caution.

Iron & Wine is tomorrow! That is going to be so fun. I've had a very good morning so far. For whatever reason my attention to the global economic system has increased dramatically over the past five months. Before that point I've been more interested in national affairs or international affairs that relate directly to the US. Because I live here and I want to know exactly how bleak my future is. Lol jk jk. But yeah I only payed attention to the motherland. But as I said, in recent months there has been an enthralling soap opera of international affairs that I have found entirely irresistible. I get excited and indignant and humored all at once. Seriously though. Look at the Eurozone! HA! No it isn't funny at all. They are nearly in shambles. But the dynamic between the countries, (between Germany and everyone else), is so entertaining. Poor Greece. Poor Ireland. Poor Britain! And not just the interactions, but the situations themselves. The situations are not so much entertaining as they are exciting and intriguing. For example the austerity measures that are being employed by the British are the opposite of America's approach. I really, really hope they work too. I hope they take the G right out of Keynes' E. Haha, not really that was a poorly executed joke. Keynes revolutionized the world. But I hope that reducing government spending proves to create a wider gap between potential growth and (hopefully) above potential growth than what our spending has created and in the same amount of time. Though I do realize that everyone's circumstances are different and therefore require different policy measures. That's what makes it so hard to get the system synchronized. I think we definitely should reform tax laws in America. Broader base! Lower rates! And they don't have to be much lower. The tax burden on citizens of any nation can have a definite effect on spending and investment, but a tax burden is always necessary and inevitable in any model. I am preaching to the choir now, huh? We will just have to suck it up. And perhaps if the rates are lowered, there can be some accommodation for the broader base. It wouldn't be much, if any, but psychology has some role in all that. So does delivery. I am just thinking aloud at this point, haha! Anyway I hope that the British experiment will prove our Mr. President wrong. Not because I dislike him necessarily, but because I disagree with his economic positions. I know, I am too hard on him. But I have talked before about the "mistake" in the multiplier and how I feel that it was used to justify the increase in the G instead of a decrease in the T. But that is all water under our rickety, neglected bridge. Anyway I also love hearing about Germany. They are an amazing nation of financiers. Haha! Nah, but they have some interesting policy choices and they are so dignified about their position. They are the unspoken boss of the Eurozone and are taking their responsibility very seriously. Don't get me wrong, there is no mother-child relationship here. They are all about taking care of Germany first and foremost, but they are sort of overseeing and "directing" with an entertaining voice the troubled peripheral nations'. I find so much value in those interactions. And economists have so many funny things to say about the matter. And you know that every economist is a comedian at heart. I don't know. I just like watching and learning and understanding and dreaming about all these things. I sometimes think about how I went to college to study the art of fortune telling. In a lot of cases our future depends on our predictions of the future!

My opinions on these matters are not set in stone. I am constantly reshaping my view on QE2. That is something I won't get into because I can never get past qualifying the argument, but I think the Fed is doing all the Fed can do and that is all we can ask for. If this entry elicits any response about macroeconomics I will welcome them because it has always been that I've had no friends who care about economics, save Alex. Even when I was in college. I HAVE NO FRIENDS. Haha, that's what I just saw when I read that sentence over. Lol.

gurl