There have been some remarkable articles around the blogosphere lately. The PTB must be getting pretty phenomenally irritated at the number of electrons out there in digital-land that are not supporting their line of BS.
There is one trend in these articles that is being hotly debated. It isn't voiced directly, but it boils down to this. Can we revive the system of trade and economics that we have so assiduously assembled in the last forty years? Needless to say, if you have dropped by here more than once, you know my take on this matter.
But, regardless of my take on this, you have to live in the real world with the general populace and their opinions. I think that the folks out here in the real world are starting to get really nervous. But the folks in the MSM are blithe-fully ignoring the issue.
But here and there, folks in the 'sphere whom I deeply respect keep printing silly pablum about a "New Golden Age (replete with Part I and Part II)" when the system we have falls apart. You know, maybe that will happen, but whenever you read the history books, interregnums appear to be dicey things.
So, back to Chuckie. When he writes stuff like this, he is kinda like an oncologist cheerfully telling a cancer patient, that, once the surgeon chops off the patients balls and one of his legs and a couple of fingers, well, by God, things will just get back to normal and there you go.
I think that this might have to do with Mr. Smith's vocation of part time shill for the contrarian school of the stock market. I really don't have any issues with him doing this, a guy has to put bread on the table. But the idea that the current economic theory of interest and investment can be a tool to lead to a bright future is kind of like saying that heroin can also be an effective tool in palliative care when used by responsible people. The statement may be true, but it can also be sadly misleading and thus false.
So, my point here is that statements about a coming golden age are just sadly false. But that isn't a call to go out and eat a gun. I is instead a call to maturity. Sometimes life is chopping wood and carrying water. We have led the lives of lotus-eaters for the past generation, to recognize that we will have to get back to work and live simply isn't the call to a new rebirth, but a bell tolling for us to return to the work we laid down to dream instead of Xanadu.