Professor Caplin worries that this concept might be caricatured as
“cater to the rich.” But he suggested that this country could use a
lot more non-judgmental thinking about the future of the United States
economy. Any argument on that subject that starts with the word
“should,” he said, is not nearly as useful as one that starts with
“could” and has a firm grasp on “is.”
This is an amazing comment coming from an economist like Caplin. It's an
approach an engineer would start with: "what is."
"What is" would require
#1. An understanding of /declining /available energy
<http://seekingalpha.com/article/238746-oil-beyond-the-barrel-and-over-the-cliff>
#2. An understanding of how our political system actually works.
#3. A scientific understanding of human nature <http://tinyurl.com/275rl2d>
Does anyone wish to discuss these?
Jay
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