It's sad & amazing that the function of national group-brains is declining (and our aggregate species group-brain too) ... even as neuroscientists worldwide obsessively over-study the structure of individual primate brains, all the while oblivious to the structure of the group-brain emerging all around them.
Consider the following trains of thought.
From the Renaissance to depression, in 500 years. Two impressions forward, one depression back? Is that the best we can do?
Somewhere in our current culture, we've forgotten that the whole purpose of social species is to take on Desired Consensus Outcomes which are beyond the ambition of individual skill sets.
Too few follow such discussions.
The US is supposedly acting slightly more intelligently than Japan or the Euro-zone ... yet not much, as the confusion in the following article shows.
"Weak banks don’t lend, highly indebted consumers don’t spend, and businesses with poor prospects don’t invest."
Yet this same WSJ author comes out with the oxymoronic statement:
"But U.S. policy makers failed to forge agreements to rein in long-run deficits, ..."Why? Because ...
[a deficit in fiat] "could be a problem should another crisis hit."
I swear. Too many people in diverse disciplines forget the simple method of algebraic substitution, as a sanity check.
Have YOU ever heard of a human aggregate that ran out of fiat?
Yet some other slow boarder, trying to catch the thinking train, opines that"monetary policy is limited when an economy slows down considerably and lacks confidence."
All this lack of sense makes you wonder how humans made it through the last 200K years, always running a perpetual "deficit" in nerve. Does no one get the joke?
Who have we been "borrowing" nerve from all these millennia? Accountants presuming an external source for every sink? Was double-entry bookkeeping a miracle or a curse? Or always both simultaneously?
That all this social noise occurs in the year 2014 is a sad testament to the fragility of homo sapien logic. Homo sapiens still can't see the culture (or social species) for the individual?
And, there's the parallel myth that "job creators" create jobs by hiring people - even though that is just one receiving step in a cycle. One businessperson hires only when they have requests from other buyers to sell more, so they hire to meet that demand. Businesspeople rarely hire just to stockpile inventory, i.e., with no sales in sight. Optimal asset stockpiling occurs as aggregate stockpiling Policy Options, as a growing Policy Space, which they explore by increasing the distributed options available to their grandchildren.
Somewhere upstream in the circle of consuming/buying ... if buyers/consumers [i.e., job creators] have no income, limited options, and constrained innovation, how are they supposed to create jobs (i.e., demand for products and services)?
Acquisition pulls economies. Only drug dealers push.