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News Briefs 05-10-2010

By Jameskeon

These acupuncturists get around.

  • Mummy tattoos hint at ancient Andean acupuncture.
  • The place where Europe began: Spiral cities built on remote Russian plains.
  • US medical tests in Guatemala a crime against humanity.
  • The Japan syndrome.
  • Time to topple Keynesian economics.
  • Did Australian Aborigines reach America first?
  • Machu Picchu reveals new secrets: Inkaraqay.
  • Unusual object in night sky baffles Montrealers.
  • Egypt unearths statue of Tut’s grandfather.
  • Close encounters of the sacred kind.
  • Neptune’s herald.
  • The astrophysicist who discovered Zarmina describes life there.
  • Water cycle seems out of whack.
  • Daredevil climbs into boiling volcano.
  • Titan raises tsunamis in Saturn’s rings.
  • Why graphene is the stuff of the future.

Quote of the Day:

To imagine the unimaginable is the highest use of the imagination.

Cynthia Ozick

Jameske
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3 Comments

  1. Zarmina Was Very Interesting!
    Jameske,

    Thank-you for a very good read!

    Keynes had some good ideas; but, the system that he proprosed wasn’t as developed as well as it could have been. The reason for this is that Keynes died in 1946 before he had a chance to further develop his system. The key to understanding Keynes is his assurtion that, “Economics is economics now”! He was advocating a flexable system that was designed to meet the need of changing economic times. Keynesians on the otherhand, instigated a rigid system based on depression era ideas of Keynes! So, please don’t confuse John Meynard Keynes with Keynesians!

    1. Riiiight. SETI hasn’t “heard”
      Riiiight. SETI hasn’t “heard” anything including the conference this month of military personnel at nuke bases reporting UFO’s interfering with nuclear weaponry.
      It is likely that advanced civilizations use scalar wave transmission techniques anyway and may be long past radio frequency technology. The question then become “why haven’t we heard any civilzations “like us.” That reduces the odds many orders of magnitude right there.

    2. Keynes
      The linked article was not very enlightening, myopic actually. The writer, Mr. Peter Smith, seems to echo, in some sentences the other important economist of the period of Keyneses life, but never mentiones him: Joseph Schumpeter. Schumpeter put a great weight on enterprise, entrepreneur and did not disdain large or international companies, but he also saw the the dangers of unfettered capitalism, maybe with clearest view of any pro-capitalism economist. If the present has taught us something it is this: The axiom of benevolent self interest of Adam Smith and von Mises has failed as Schumpeter (and Keynes) saw more than 70 years ago. Just to remind – current crisis did not start because of government debt, it started because of uncontrolled, non-investing and hence non-productive (in the sense meant by Schumpeter) profit hunting of non-entrepreneurial bankers (placing bets on synthetic derivatives known as default swaps is a zero sum game – it does not create wealth nor credit, it just moves wealth around). Undoubtedly sovereign debt has contributed to the long duration of misery, but it was not the driving force of it’s birth. Also, all economic theories I am aware assume that banks will always provide loans on Mr. Smith’s micro level – an another axiom in question: deserving client will be funded – which clearly is not the case now. Maybe the why of that should be investigated: might be time better spent that railing against Keynes…

      It would do Mr. Peter Smith some good to read Joseph Schumpeter’s works, maybe then he would not be so cavalier about the non-existence of the synthesis of micro and macro economics. Clear seeds of it, at least, do exist in Joseph Schumpeter’s works, especially in “Business Cycles”, “Capitalism, Socialism and Democracy” and “History of Economic Analysis”.

      Jameske, if you want to keep putting up links about economics and economists, please put up something about J. Schumpeter – he is still relevant, more than von Mises, Hayek, Keynes etc…

      BTW, what cnnek says about Keynes stressing the need of economic thought to follow the times is exactly what Joseph Schumpeter was teaching.

      And, sorry to be so polemic – trying to be short.

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