Friday, February 20, 2015

The absurd value system of our current economic model

The following post was prompted by the Daily Beast article linked below.

That is a stupid question in the context of the advancement of human understanding. In the context of our current economic model is not a stupid question at all. There it is an inherent requirement. Especially as it relates to the relative trade offs of competing investments. Why risk X dollars for an unknowable return sometime later when you can get a much higher probability of knowable return spreads now? The shorter turnaround of which offers the corresponding higher probability of more per dollar utility over equal amounts of time.

This is but one more reminder of the absurdity of our current economic model. I can only hope that this contrast of absurdity gets people to think a good deal deeper on the advisability of sticking with the current model.