~ TMOAGTLTD ~ Too Much Of A Good Thing Leads To Disaster

~ TMI ~ Too Much Information

~ SK-PM ~ Servi Kaffe – Pereat Mundis

~ GS-PPD-AWYGWYA-R-S-S-P-SL-TAIBS ~ Generally Speaking – Public Policy Disasters – Are What You Get When You Apply – Rational – Small-Scale – Problem-Solving Logic – To An Inappropriately Broad Situation

~ TFLIT-LTWMTOBC-FOC-A-FTCTBB ~ The Feedback Loop Is Twisted – Leaving Those Who Made The Original Bad Choices – Free Of Consequences – And – Free To Continue Their Bad Behavior

~ ‘H’-TMOAGTIAPPC ~ “Hormegeddon” – Too Much Of A Good Thing In A Public Policy Context

~ ED-T-‘TMOAGT’-A-‘DMU’ ~ Economists Describe – The – “Too Much Of A Good Thing” – As – “Declining Marginal Utility”

~ FPCSTITPLIOOTCCOTAIWTHPSMF-I-TBITAORTET-‘DS’ ~ Few People Can Stomach The Idea That Public Life Is Out Of The Conscious Control Of The Authorities In Whom They Have Placed So Much Faith – Instead – They Believe In The Ability Of Right Thinking Experts To – “Do Something”

~ ADS-‘CD’-TABOBZ-LNTIC-TI-TI-TI-TP-AASTBSAN-TMCI ~ A Different Solution – “Creative Destruction” – To Avoid Being Overrun By Zombies – Let Nature Take Its Course – The Inefficient – The Incompetent – The Imprudent – The Passé – All Are Supposed To Be Swept Aside Naturally – The Market Cleanses Itself

~ B-TDAHTWIIST-TZ-EB-T-PT-PC-A-STS-TUTPOGTHOWTGAGM ~ But – This Doesn’t Always Happen The Way It Is Supposed To – The Zombies – Erect Barriers – To – Protect Themselves – Prevent Change – And – Stabilise The System – They Use The Power Of Government To Hold Onto What They’ve Got And Get More

~ EAO-BAG-CAA-BG-WIASFC-WCOSAGSP ~ Entitlements Are Offered – Bailouts Are Given – Contracts Are Awarded – Bureaucracies Grow – Whole Industries Are Shielded From Competition – Whole Classes Of Society Are Given Special Privileges

~ TME ~ Too Much Economics

~ SEM ~ Simpleton’s Economic Model

~ TWATWEWNSC-NSBAA-NSA-A-NSD ~ There Was A Time When Economists Were Not So Conceited – Not So Bold And Arrogant – Not So Ambitious – And – Not Such Dumbbells

~ IEWRTPODRWNVQ-TGBU-L-WTAUT-D-P-A-M-TBD-HBTN ~ In Economics We Reach The Point Of Diminishing Returns With Numbers Very Quickly – They Gradually Become Useless – Later – When They Are Used To – Disguise – Pervert – And – Manipulate – They Become Disastrous – Hormegeddon By The Numbers

~ NHPNOS-N-A-P-S-A-A ~ Numbers Help Put Nonsense On Stilts – Numbers – Appear – Precise – Scientific – And – Accurate

~ BATNAS-NISAD-NASSCBT-YEBWTATTWB-A-UT-S-S-M-TETCPP ~ But All The Numbers Are Squishy – Nothing Is Stiff And Dry – Not A Single Statistic Can Be Trusted – Yet Economists Build With Them As Though They Were Bricks – And – Upon Their – Squirming – Shimmying – Mound – They Erect Their Central Planning Policies

~ METTTWIABOHS-NABOP ~ Most Economists Today Think They Work In A Branch Of Hard Science – Not A Branch Of Philosophy

~ IOSUGITFY-TFAI ~ Instead Of Storing Up Grain In The Fat Years – The Feds Ate It

~ BMEHDETAMPTATTFTLOTRW-TGMBDIDBICGFIDDTLY ~ But Modern Economists Have Developed Elaborate Theories And Mathematical Proofs That Allow Them To Flout The Limitations Of The Real World – The Government May Be Deeply In Debt But It Can Go Further Into Debt During The Lean Years

~ TITNOH-OYAII-YTTSII-UYRTBE ~ This Is The Nature Of Hormegeddon – Once You Are In It – You Tend To Stay In It – Until You Reach The Bitter End

~ ADGOTLTTST-TDOMV-BOFRBDL ~ All Democratic Governments Owe Their Legitimacy To The Same Thing – The Decisions Of Misled Voters – Based On Fraudulent Representations By Dishonest Leaders

~ TITGMITMTBIF-GIBUAANOSBTOATI ~ The Idea That Government’s Mission Is To Make Things Better Is False – Government Its Best Understood As A Naturally Occurring Struggle Between The Outsiders And The Insiders

~ T –‘SC’-IAF-YCHACUYHTWAAP-TDWFOTP-ITYWO-WKOCIITYDATACGOO? ~ The – “Social Contract” – Is A Fraud – You Can’t Have A Contract Unless You Have Two Willing And Able Parties – The Deal Was Forced On The Public – Imagine That You Want Out – What Kind Of Contract Is It That You Don’t Agree To And Can’t Get Out Of?

~ TIDNRGAAC-TNTGSOOI ~ The Insiders Do Not Run Government As A Charity – They Need To Get Something Out Of It

~ ‘TM’-INAB-IIAC ~ “Too Much” Is Not A Blessing – It Is A Curse

~ WFWTAH-NWTAE-WTINRC-WIT ~ We Flourish When Things Are Hard – Not When They Are Easy – When There Is No Real Challenges – We Invent Them

~ YLNFS-LSMT-GLRTPODMUQ-SW-BL-I-M-M-B-BIFTTTIL ~ You Learn Nothing From Success – Like So Many Things – Good Luck Reaches The Point Of Declining Marginal Utility Quickly – Starting With – Bad Luck – Is – Much – Much – Better – Because It’s Failure That Teaches The Important Lessons

~ BWHWMOPFTIFTATST?-A-‘LT’-O-‘DT’ ~ But What Happens When Millions Of People Find Themselves In Financial Trouble At The Same Time? – A – “Liquidity Trap” – or – “Debt Trap”

~ RTLTBGTCTD-TGWTAC-IWTBBIH-TBWSTUTMTIL-I-TBHRC-BPOLTEO ~ Rather Than Let The Banks Get The Comeuppance They Deserved – The Government Wrote Them A Check – It Was The Biggest Bailout In History – The Banks Were Supposed To Use The Money To Increase Lending – Instead – The Banks Had Reduced Credit – By Paying Off Loans To Each Other

~ CW-TAHWL-TAHTFH-BCEABOOEDA ~ Corrections Work – They Are How We Learn – They Are How The Future Happens – By Culling Error And Backing Out Of Dead-End Alleyways

~ CCNBE-CAHWA-‘TMOAGT’-A-TLTA-P-D-A-D-TWTCWB ~ Corrections Can Never Be Eliminated – Corrections Are How We Avoid – “Too Much Of A Good Thing” – And – The Longer They Are – Prevented – Delayed – And – Dodged – The Worse The Corrections Will Be

~ M-ITWC ~ Methane – Is The Wild Card

~ TI-FAIISP-STALTOW ~ The Internet – For All Its Information Shovelling Power – Seems To Add Little To Our Wealth

~ ME-HGVR-B-TIDNSTHLTAGUIP ~ Many Entrepreneurs – Have Gotten Very Rich – But – The Internet Does Not Seem To Have Led To A General Uptick In Prosperity

~ WUTWW-HE-E-A-SM-N-TMIMBPWNBAS ~ What Used To Work Was – Hard Effort – Education – And – Saving Money – Now – The Money Is Made By People Who Never Break A Sweat

~ TFWF-Z-I-R ~ The French Word For – Zombie – Is – Rentier

~ TZBI ~ The Zombie Banking Industry

~ AFE-I-TC-TU-A-TU-TNLF-NWSFPAFOI ~ A Free Economy Is – Too Chancy – Too Unforgiving – And – Too Uncontrollable – To Nurture Lifelong Friendships – No Wonder So Few People Are Fond Of It

~ TZLOFEO-WSNASD-TMTRCASTRT-AHEOTOHONSRTS ~ The Zombies Look Out For Each Other – With Safety Nets And Sweetheart Deals – They Make The Right Connections And Say The Right Things – A Healthy Economy On The Other Hand Offers No Sure Route To Success

~ GP&RD ~ Greasy Palms & Revolving Doors

~ VFV-TPCGBBMCTTR ~ Vote For Vote – The Poor Can Generally Be Bought More Cheaply Than The Rich

~ TWBZ ~ The World’s Biggest Zombie

~ MIAMP-WTM-TANMM-NMD-NMR-NME ~ Hormegeddon Is A Modern Phenomenon – Without The Masses – There Are No Mass Movements – No Mass Delusions – No Mass Revolts – No Mass Epidemics

~ GIAAEARI-FTIOT(V/C/B)PAP-O-T(U/U/H/H)F ~ Government Is Always And Everywhere A Reactionary Institution – Favoring The Interests Of The (Voting / Contributing / Backstabbing) Past And Present – Over – The (Unborn / Unknown / Helpless / Harmless) Future

~ G-HCTR-L-C-IS-W-VLFS ~ Governments – Have Come To Resemble – Large – Coercive – Insurance Schemes – With – Very Lax Financial Standards

~ C-ACOCRTV-WAATTPOM-IINBBIETPTAFI-IIBIIU-TVOCITIP ~ Civilization – A Culture Of Cooperation Rather Than Violence – Was An Adaptation That Took Place Over Millennia – It Is Not Because Barbarism Is Evil That People Turned Away From It – It Is Because It Is Unprofitable – The Virtue Of Cooperation Is That It Pays

~ ACI-TSRWI ~ As Civilization Increases – The Stakes Rise With It