Tuesday, November 12, 2013

QE is Stupid

Quantitative Easing is Stupid.  I therefore refuse to understand it.  Logically it is wrong.  Perhaps I might if I studied it and got a PhD in Economics.

Carlo Chipola wrote in The Second Basic Law of Human Stupidity says:  The probability that a certain person be stupid is independent of any other characteristic of that person.   Social class, education, income, etc. make no difference in the probability of stupidity.  Stupidity has power in certain circumstances.  That is what makes it dangerous.  Take away the key to the circumstances of the power of monetary stupidity and its power is gone.

QE exists logically, conceptually, as a function of  the debt money system that itself should not logically exist and therefore produced QE as a solution to a problem.

Consistency in stupidity validates the premise.

Beware of two word "gerund phase" expressions where one is an adjective and the other is a gerund.  That seems to me to be a fundamental truth that I will have to find a logic structure of thought to support.

My intuition says it is there.

My intuition says it is there as a flim flam sleight of hand propaganda methodology to bamboozle and defraud by hiding the true nature and purpose that an object orientation analysis would reveal.

That is more than enough time to waste on QE.

However, the language structure of the term (phrase of some kind) Quantitative Easing is fascinating.

Perhaps it is a prepositional phrase but without the preposition?  That only works to give the phrase meaning if the omittd preposition is obviously understood and goes without saying.  Nope, don't see any obvious preposition there.  Here a some prepositions and inserted between Quantitative and Easing do not convey meaning to me.  "Quantitative Toward Easing" might make some sense identifying the object but not much. 

Quantitative definition: Expressible in terms of Quantity.

Easing definition (noun form ease):
1:  the state of being comfortable: as

a :  freedom from pain or discomfort
b :  freedom from care
c :  freedom from labor or difficulty
d :  freedom from embarrassment or constraint :  

Holy Smokes!  The ambiguity of natural language and failure to clearly connect to the structured conceptual system object and processes it represents.  Failure by intent of design?  Looks like that to me!  Use to call it the baffle with bullshit approach.  Used however as a last resort when all else fails.  Used as a first approach as clever smoke screen when all else would expose it for what it is?

QE is a phrase so its meaning is more than the definition of its parts "Quantitative and Easing" in the context of Economics.

Economics is the plural form of Economic.

Note: immediate prior link is sufficient as far as I am concerned for proper attribution reference

Economics:
a :  a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services
b :  economic theory, principles, or practices <sound economics> 
This to me is an obviously process oriented analysis deriving "economic" things as a product of the analysis of process. 

Economic - adj.
a :  of or relating to economics <economic theories>
b :  of, relating to, or based on the production, distribution, and consumption of goods and services <economic growth>
c :  of or relating to an economy <a group of economic advisers>
4
:  having practical or industrial significance or uses :  affecting material resources 
Plural Adjectives??
'As a teacher, I have always taught the rule that there are no plural adjectives in English.
Yes, but that is where the ambiguity of language requires a long explanation in clarification!  My kingdom for a more precise horse!

That horse is, of course, the precision language of highly structured language programming that turns our natural language into more precise things and actions.
Maybe I should study the J programming language.  Wikipedia describes it here. Certainly the long way to get where I want to go.

I need another lifetime!

Confessions of a Quantitative Easer:  "I can only say: I'm sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed's first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time." --Andrew Huszar

Using Abstract Language -- The Truth About Deception  has some interesting thought about using levels of abstraction to deceive.

Using Abstract Language -- The Truth About Deception  has some interesting thought about using levels of abstraction to deceive.










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