cheese its and life

i took inventory on what my diet consists of today.
seeing as i spend appx 70% of my life studying, or attempting to study, i've carefully examined what kinds of food i've been putting into my body.
kashi cheese its
amys organic frozen burritos
skittles - wild berry flavor
diet mountain dew
other variets of organic snacks like... rice chips -- seaweed flavor.

yes i know. strange.

coincidentally it's 11:11 and i'm bloggin instead of doing the much hyped over FIRST MEMO.
i'm thinking this blogging thing could be a form of grinding out my mental road blocks. yes. talking about kashi cheese its and diet mountain dew will do that. (i'm hoping).

anyways. i have a thought. i wonder if ayn rand is rolling around in her grave right now. presuming she is dead of course.

"As the twentieth century recedes in the rear view mirror, it increasingly seems that for better or worse, the defining manifesto of the recent era has been Milton Friedman’s Capitalism And Freedom. But that book’s power derived partly from its fierce independence from the orthodoxies of its time. Friedman’s voice was a skeptical breath of fresh air when the reigning viewpoint was a kind of smug pseudo-socialism that did not recognize the astounding power of markets to accomplish desirable aims. But now, the reigning Republican orthodoxy is a kind of smug pseudo-Friedmanism which believes that markets left to themselves can do no wrong; perhaps it is time for another breath of fresh air.

The book for the new epoch has not been written yet, but I have a proposed title: Capitalism and Skepticism. Skepticism might not be as bracing as freedom, but it’s something we could have used a bit more of in the past few years."

skepticism in hindsight probably would have been good if it means that skepticism would have saved us from the current connundrum of what feels like hell must be freezing over (at least on wall street). but who can really say in retrospect? all i know is this dangerous tightening of regulation which is only to be expected from a fall out that is infinitely greater than enron was nearly a decade ago, will produce probably even worse regulatory legislation.

why are we so predictable?

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the field of finance will be revolutionized, and out of the rubble will rise a group of entrepreneurial, money driven, self-ishly ambitious, geniuses, who will strike when the chord is right. people like robert merton will lay low for a while, just until the current liquidity woes pass, and then when the business cycle renews itself, merton-ites will join together again, enticed by the big green bill.. and perhaps even more enticed by the glories of fame and possibilities of power.

has congress heard of behavioral economics?

it isn't a surprise that there was this huge of a fall out. i mean lets be real. when the opportunities grew to be THAT big... when the risk grew to be unreasonable, but the reward to be entirely too high to pass up, that's when people won't pass it up, and they will ride their luck. it's human nature to ignore the signs of caution, when the gold looms ahead.

now will congress be smart enough to ignore the totally predictable human nature of retreating into overly restrictive legislation?

i doubt it. but i hope for it.

the guy quoted above asks for skepticism, not utter rejection of the fundamental theories of economics that works.
so let's not go about throwing away the innovation that got us here, but merely take a step back and realize that not only can we arise from the rubble quicker if we don't have heeps of useless legislation... but when we do arise, and when the geniuses set to work looking for the Gold.. that when they FIND it... there will be reminders of the necessary skepticism to avoid 2k8 remix.

btw... this post is for you fork. <3