Creative Ideas That May Contribute The Success of Obama’s central planning
Creative Ideas That May Contribute The Success of Obama’s central planning Economic Plan and Plan B:
First of all, Economy subject is not a pure science, in which you cannot duplicate its theory e.g. J.M. Keyence’s central government planning intervention or Adam Smith or Milton Friedman’s deregulated free market "conjecture" in experiment in Laboratory setting. Just like Philosophy is not a science too. If you believe Adam Smith’s free market can work well in any capitalistic society, you are dead wrong! Just like Ludwig Wittergenstein once innocently thought that he found the philosophy of "unified-field theory" and claimed, he solved the entire problem in philosophy. He was dead wrong. Alan Greenspan’s free-market with it’s invisible hand can regulate itself. He admitted, he was dead wrong too!
His long time critics, NYTIME Columnist and 2008 Nobel Prize winner in Economics, Paul Krugman rights this time! He had given lot warnings to this market and the deregulated economists, and bureaucratic like Mr. Alan Greenspan.
Now, most common people can know that tsunami recession is battering in America and the world! Again, Paul Krugman urged that big Government intervention is must in this extraordinary time! He stressed that more capital to bail out is better then less. Forget the federal deficit figure! Prudent is risk!
I totally agree with Paul Krugman, Government intervention or vast bail out is a must! And I coined the term for this kind government intervention in US as "Central Planning Capitalism"! History cannot repeat and 1930 depression is not like this one. FDR’S New deal, cannot match to-days economic situation! "Central Planning Capitalism" is an agreeable term. The terms means that under the Capitalistic society, in certain abnormal situation, the central or federal government in order to enhance the trade, liquidity, job security, human health etc. Government can regulate the market with central planning until it become normal again!
Debate with the sudden-and- belated-deficit-conscience-aware GOP and Democratic Congressmen in the Tsunami economy time, will waste our time. We are still a country with Capitalism. However, it is possible in the extraordinary time, the Government execute the central planning intervention. Just like the Hong Kong Government executed it in 1998 and save HK economy successfully in a certain of time.
For most supporting Governmental regulated Economists: ignore the deficit, huge government bail out, lower interest rate and create jobs are their main measures to counter this tsunami recession! Other suggests that we can use the 1990 Sweden model or the learning of the horrible experience of 1980 Japanese meltdown to save to-day’s economy! Yes! THOUGH HISTORY CANNOT REPEAT, WE CAN LEARN FORM IT.
The all time greatest golfer, Tiger Wood said, "There is no one way to play this game!" Same! There is no one economic theory or hypothesis can dictate the "free- market" in capitalistic country! The simple truth is that there is no only one way to save this market or recession. Expect Paul Krugman’s big, quick bail out, ignore huge deficit…etc. We need some creative ideas.
Here are some:
1. Save the foreclosure first. No need to ask FDIC chief Sheila Blair and Harvard Law Prof. Elizabeth Warren, the most advocates for saving foreclosure. President Obama needs to strike the "root" of tsunami economy, Mortgages and foreclosures.
2. Universal health policy must be implemented. Let the main street Americans have a home to live well and health taken care. Then they shall fight for America in this recession time.
3. Special visa issued for foreigner, who can invest in the house market. For example, any one can afford to invest at least US$300,000, with a pass in security check; he or she can get a special visa to visit US multiple times within 5 yrs. After five year if she or he passes the security, they got the Green Card. If investors do not want the green card, they can still use the special visa another five year and keep the Green Card status, until they sell the house.
4. Share one job, one salary plus one unit of unemployment benefit with two people. For example, Company A has 100 people to work, in recession, Co A can use 50 people salary plus 50 unemployment benefits (provided by the federal Government) to share with its 100 employee. Co A needs not to fire 50 people, keep 100 people with 50-unit salary and 50-unit government-provided unemployment benefit. For further to save logistic resources, 100 people can rotate 50 to work and 50 to rest.
5. Low wage mentality. In depression time, worker needs to accept lower wage job. President Obama should give the incentives to the company that call back their out sourcing job in India or elsewhere to US.
6. Expend the tourist industry (a must!). Except the infrastructure, mining, construction, manufacturing, education and health services, transportation services and alternative fuel stimulus plan. Tourist industry need to be expended. More Tourists mean to stimulate the consumption and spend more in America by foreign visitor.
7. Need to keep excellent relationship with the emerging economy countries, e.g., BRIC and the traditional allies, Canada, England, Australia, Israel etc, and explore the business opportunity in South America and Arabic countries. Good diplomatic relation bring good business opportunities.
8. Plan B needed. There is no guarantee Obama ‘s economic stimulus plan will get succeeded. According to Romer and Bernstein’s Jan. 10, 2009 report. The Obama plan would have the maximum impact in the fourth quarter of 2010. After 2010, the effect of the economic plan would rapidly fade away (Jan 12, 09. NYT,Paul Prugman’s quotation). Whether its forecast is true or not. The Obama plan can help to buy time! Time is factor here. Obama needs use this an-near -trillion- dollar-bought-precious- time to make a PLAN B or before do anything to have a Plan B.
Prudent is risk, waiting is danger. We needs instant influx capital investment, special visa to Green Card route is the one way to attract foreigner to invest US’s slum house market. Sharing one job method can keep more people in employment and pay check while they are waiting the new job created. Lower wage mentality, means we still have job. Expand tourist industry, means increase capital. To save foreclosure and implement universal health means to give hope of the American Dream.
Plan B means precaution.
God bless America!
It's unlikely that there's anything on the planet that is worth the cost of shipping it back
- In the second season of National Geographic Channel's MARS (premiering tonight, 11/12/18,) privatized miners on the red planet clash with a colony of international scientists
- Privatized mining on both Mars and the Moon is likely to occur in the next century
- The cost of returning mined materials from Space to the Earth will probably be too high to create a self-sustaining industry, but the resources may have other uses at their origin points
Want to go to Mars? It will cost you. In 2016, SpaceX founder Elon Musk estimated that manned missions to the planet may cost approximately $10 billion per person. As with any expensive endeavor, it is inevitable that sufficient returns on investment will be needed in order to sustain human presence on Mars. So, what's underneath all that red dust?
Mining Technology reported in 2017 that "there are areas [on Mars], especially large igneous provinces, volcanoes and impact craters that hold significant potential for nickel, copper, iron, titanium, platinum group elements and more."
Were a SpaceX-like company to establish a commercial mining presence on the planet, digging up these materials will be sure to provoke a fraught debate over environmental preservation in space, Martian land rights, and the slew of microbial unknowns which Martian soil may bring.
In National Geographic Channel's genre-bending narrative-docuseries, MARS, (the second season premieres tonight, November 12th, 9 pm ET / 8 pm CT) this dynamic is explored as astronauts from an international scientific coalition go head-to-head with industrial miners looking to exploit the planet's resources.
Given the rate of consumption of minerals on Earth, there is plenty of reason to believe that there will be demand for such an operation.
"Almost all of the easily mined gold, silver, copper, tin, zinc, antimony, and phosphorus we can mine on Earth may be gone within one hundred years" writes Stephen Petranek, author of How We'll Live on Mars, which Nat Geo's MARS is based on. That grim scenario will require either a massive rethinking of how we consume metals on earth, or supplementation from another source.
Elon Musk, founder of SpaceX, told Petranek that it's unlikely that even if all of Earth's metals were exhausted, it is unlikely that Martian materials could become an economically feasible supplement due to the high cost of fuel required to return the materials to Earth. "Anything transported with atoms would have to be incredibly valuable on a weight basis."
Actually, we've already done some of this kind of resource extraction. During NASA's Apollo missions to the Moon, astronauts used simple steel tools to collect about 842 pounds of moon rocks over six missions. Due to the high cost of those missions, the Moon rocks are now highly valuable on Earth.
Moon rock on display at US Space and Rocket Center, Huntsville, AL (Big Think/Matt Carlstrom)In 1973, NASA valuated moon rocks at $50,800 per gram –– or over $300,000 today when adjusted for inflation. That figure doesn't reflect the value of the natural resources within the rock, but rather the cost of their extraction.
Assuming that Martian mining would be done with the purpose of bringing materials back to Earth, the cost of any materials mined from Mars would need to include both the cost of the extraction and the value of the materials themselves. Factoring in the price of fuel and the difficulties of returning a Martian lander to Earth, this figure may be entirely cost prohibitive.
What seems more likely, says Musk, is for the Martian resources to stay on the Red Planet to be used for construction and manufacturing within manned colonies, or to be used to support further mining missions of the mineral-rich asteroid belt between Mars and Jupiter.
At the very least, mining on Mars has already produced great entertainment value on Earth: tune into Season 2 of MARS on National Geographic Channel.
It's an asteroid, it's a comet, it's actually a spacecraft?
- 'Oumuamua is an oddly shaped, puzzling celestial object because it doesn't act like anything naturally occurring.
- The issue? The unexpected way it accelerated near the Sun. Is this our first sign of extraterrestrials?
- It's pronounced: oh MOO-uh MOO-uh.
A study started out trying to see the effect of sexist attacks on women authors, but it found something deeper.
- It's well known that abusive comments online happen to women more than men
- Such comments caused a "significant effect for the abusive comment on author credibility and intention to seek news from the author and outlet in the future"
- Some news organizations already heavily moderate or even ban comments entirely; this should underscore that effort
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