Looking for Econ/Finance people
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I want to start a blog revolving around open source finance, the economics of free choice, autonomy, complementary currency, economic liberty, etc.
Essentially, I would like to envision what a real free-market would look like. I would like to destroy the notion that we have a free market, and instead show what a free market would look like, and how it would benefit everybody.
If anyone can write well, and knows about basic tenants of finance and econ (I would prefer if you studied or are studying [formally or informally] one of those fields directly and/or work in the industry/have had experience previously), and has a libertarian/anarcho-capitalist philosophy - direct message me please =). If you enjoy history and tech, even better! The most important quality will be for you to be strongly opinionated, articulate these opinions, and back them up.
Can you see things holistically? Can you tie together things that haven't been tied together before? AWESOME
I would like if you keep up with more traditional finance/econ news sources (Barron's, WSJ, IBD, etc) while at the same time keeping up with untraditional sources.
I currently am a contributor over at Seeking Alpha, but there isn't much room for philosophy on that site - I write macro pieces over there (some of the earlier stuff I put on that blog that didn't get published that's more philosophical, I'm going to transfer over).
Part of my bio there is ...
"Influence:
I am influenced by the views of the Austrian School of Economics (Hayek namely, although more Rothbard in terms of role of the State), Spooner, Mencken, Buckminster Fuller, Carl Sagan, Douglas Rushkoff, and others. I think Jim Rogers and Paolo Pellegrini are two of the coolest and respectable professionals in the industry. I respect the work Tyler Durden does here on Seeking Alpha - real investigation, delving into numbers and concepts.
I read a lot about economics, politics, science, sci-fi, and fiction. A couple of my favorite online/offline info sources are The Economist, Wired, Seed, Reason, H+, Cato, Discover, FQXi. Some blogs I enjoy include The Distributed Republic, Campaign for Liberty, Mind Hacks, Let a Thousand Nations Bloom"
If you find yourself saying I'm on that page, then get at me.
Ultimately, I want this to be about choice.
Our first blog post will be something like the following, to set the direction. The rest will go from there!
George Dyson on ‘Economics is Not a Science'
"...our 21st-century global computing platform is still running a 13th-century banking system, and the resulting performance sucks.
In any hydrodynamic system, the non-dimensional Reynolds Number characterizes the ratio between inertial forces (the result of mass and velocity) to viscous forces (the result of the inherent stickiness of the fluid). When the Reynolds number reaches a certain critical value, the system changes from laminar to turbulent flow. There is an equivalent to the Reynolds Number for an economic system: the ratio between the speed (and amplitude) at which currency is flowing through the system to the viscosity of the financial medium. The Reynolds number of our electronically-mediated economy has recently gone way up, with destabilizing results. The latest problem is that automated programs — -the barnacles of the New Economy — -are now trading *within* the frequency spectrum of the turbulent boundary layer. If this happens to a ship, it will slow down, and if it happens to an airplane, it will go into a stall. Where’s the anti-fouling paint?
How to best transcend the current economic mess? Put Jeff Bezos, Pierre Omidyar, Elon Musk, Tim O’Reilly, Larry Page, Sergey Brin, Nathan Myhrvold, and Danny Hillis in a room somewhere and don’t let them out until they have framed a new, massively-distributed financial system, founded on sound, open, peer-to-peer principles, from the start. And don’t call it a bank. Launch a new financial medium that is as open, scale-free, universally accessible, self-improving, and non-proprietary as the Internet, and leave the 13th century behind.”
Examining the economy through the lenses of Dyson and Bucky, we should be looking to transform the economy into a distributed system with more emphasis on resiliency and less emphasis on efficiency by mimicking naturally occurring systems - an ecosystemic approach which values bottom-up creation instead of top-down management. The prerequisite is that the laws will have to change to allow such a decentralized system to operate {(ideally, competing decentralized system(s)}. Or we can create new frontiers outside of jurisdiction. Or we can operate them anyways. Free market forces are a good thing, all aspects of society should be allowed to be shaped by them. If you believe otherwsie, that's your perogative, however; the free market has not truly existed in any capacity. I am confident in the ability of technology to help change this (in some aspects, it already has).
I believe the current societal structure's very purpose is to keep the status-quo going, while the questions about the status-quo itself go unanswered. Societal inertia moves antiquated relics from the past to the present while their existence goes unquestioned. I like to look at that lens to examine policy; are policies being enacted to really change things as purported, or are the policies being enacted to resurrect a clearly faulty paradigm, and if the latter, when will the tipping point be reached.
PS I would like to keep this somewhat professional aka this is not going to be an amateur hour.
PPS You also must have a keen interest in sticking it to the man
Comments
this is an awsome idea. i
this is an awsome idea. i dont know much about economics but i know change is needed. Manitou has manitou money around here :] maybe thats a step
This was a really awesome blog!
It looks like i need to try and get into looking at modern economic thinking, as in progressive stuff to deal with whats going on. I've read a few articles online, summing up current trends and crises and had a go at Michael Alberts Parecon book Thinking Forward: Learning how to Conceptualize Economic Vision, but I must confess to finding it a little inaccessible for my mind. I have to work harder at this kinda stuff basically. Great blog anyway, hope the sites successful
FOUR= future organizations uniting research
I'm finding talk is cheep, and doers are leaping currently...
open the blog to what people are involved in or working on right now. I'm pretty sure all the stories will amaze ourselves into realizing we definitely are the ones we've been waiting for...
Great idea, Kudos
say i!
I love rationalizing subjects like this and questing for truth, why not? However, i've seen simplified energy debates go nowhere valuable-- In effect a huge waste of time and money can just buy one delay or two. Whereas, the carbon tax issue definitely needs to launch inertia for public discourse-- Read- 'leap', way before the election, way, way before! In my mind to ratchet forward truth underlying the 'decentralization rights' vs 'centralized control of everything'. Centralization of everything nailed down or "kill the free market, best seen in "kill the self-contractor form of commerce". I moved on to a place between liberty and freedom, in hopes of the original American promise. No matter how hard it/was is to live, keeping self-sufficiency close to one hand at all times.
Crystal clear why financiers can feel richer with centralized control in there unelected pocket! Decentralized energy should allow equal opportunity for decentralized production instead of all eggs in the centralist's basket. Read big energy, big finance, all in one hot little hand, powers that be. Read military industrial complex. So weird that profiteers and pillagers deviate human consciousness from freedom of exchanging ideas. Also weird that it took so long before intellectually-free exchanges manage to exist, at all. Narrowly hanging-on. Hanging from threads of the internet. Grab it fast! Water on the ropes!
The web at least has a following of Tesla-friendly experimenters who are branching onward. Point is, that if decentralized efforts are stripped from hearing range, then big brother takes over. Then and then, again and again, enough is enough! Example: So you don't think Tesla offered the greatest gifts to technological commerce?? Really? If so answer why his Magnifying Transmitter got suppressed-- Take note that Wardenclyffe photos do not match the # 1,119,732 US Patent! Point is that Tesla's docs were snatched by the military complex in 1943 as any half eye can see. To hide a liberating mode of commerce, much better than oil! Academia cowers about this subject, as they know well the hand that feeds them. The hot little hands with ways, the hand with da atom bomb. "Dare to be naive", as Bucky Fuller actually said, again say i! Say i!
This one tax around carbon could make or break the next noose on freedom. Win it or loose all (freedom). One route to more freedom might be: To explore progressive thought exchanging with thoughts of libertarian thinking. I see tons of possibilities here. Sacrifice false egos and all is possible, at least in thoughts moving forward from stalemates.
Me
yes, timely. First "Let's Make Money" telecourse in Feb 2010
http://www. valueforpeople. co. uk
John Rogers, one of the world experts on community currency is just getting all the pieces together for his first ever telecourse for currency activists.
Give him comments on his first video here:
http://www. valueforpeople. co. uk
Report on first Los Angeles local currency salon of Sep. 09
Report on first Los Angeles/Westside local currency salon of Sept. 2009. This article is “distribution encouraged” by the author, Bruce Dickson of ToolsThatHeal.com
Local money that STAYS local
How would you like it if you had to continually circulate part of your blood thru a tube to another person for the rest of your life
If money is the blood stream of Los Angeles, every dollar we spend at Wal-Mart or Amazon.com circulates out of our local body, never to be seen again.
Local Exchange Trading Systems, hundreds of efforts over 39 years, are one way to keep money in a community. Many of these systems have developed all over the world, to varying degrees of success.
Greg Wendt, a member of the Board of Green Business Networking (http://www.greenbusinessnetworking.com/aboutus) convened the first “Emerging Currency Salon” at Rawvolution, on Main Street in Santa Monica, Sept. 16th. The first 40 people were lucky to get in. Over 50 requests to attend were received.
Greg introduced Chris Lindstrom of BerkShares (www.berkshares.org) who started a local currency and also has software to facilitate local currency efforts. Hollis Doherty spoke on the famous Austrian “free money” experiment of 1933 (here http://www.rumormillnews.com/cgi-bin/archive.cgi?read=103723).
After a delicious meal and lively conversation, the evening’s topic was Changing our story about money: From ‘too big to fail’ to ‘small is beautiful.’ Hollis says, “The shift in thinking about money is likely to be as momentous as the shift from thinking the world is flat to knowing that it is round.
Our mainstream money system is a cultural blind spot. Whenever public polls are taken on the question, “Tell me what money is and how it works,” few know, even people working in finance get tongue-tied trying to explain where money comes from.
Currency activists Are interested in creating a new story of money, one that works for more people, that honors sustainability, Earth’s limited resources, and the social impact of commerce.
Lots of face to face conversations--with examples—need to happen showing why “spending money that goes around is better than spending money that goes away.” Money that comes back to you beats money that goes out and never comes back to you. In other words, money that stays in a local economy is better than money that leaves the locality to a centralized corporation where few profit mightily, and the many are disenfranchised by not receiving the most benefit for their labor. Conventional businesses have a similar concept. They call it a "loyalty program." Local currency is money that stays in a community that wishes to take back control of its financial vitality and destiny.
Chris Lindstrom added: We believe in our present US central currency system like we believe in the Law of Gravity. But how money circulates is not a Law of Nature!
We have to become more conscious of money, what it means, what the consequences of our spending are. A “sustainable economy” means “meeting the needs of the present, without compromising the needs of future generations.”
Local currencies thrive where Cultural Creatives wish to meet each other and build local community. “Thrivability” and resilience mostly take this form today: “I prefer to spend all my dollars at green-conscious businesses. Can you give me a way to do that?“ Greg Wendt hopes to create a local currency within green businesses in the Los Angeles region making it very easy to support local Cultural Creative and Green businesses.
Local currencies are legal. For instance, people pay taxes on Ithaca Dollars. Universities and larger orgs are starting to accept “complementary currencies.”
Back to money as blood. Raise your hand if you take blood out of your body and store it away for a rainy day. No one? Our blood works best when it circulates! What would our internal body economy be if we tried to save our blood? You can’t hoard blood; we have to circulate!
This raises the question of interest paid on loans and savings. Ellen Hodgson Brown (http://www.WebofDebt.com) suggests harnessing interest to public works, as the early Quakers did in Pennsylvania (Look Ma, no taxes!) and as Ben Franklin and Abraham Lincoln proposed and tried successfully. Ellen has a way for a Calif. state bank to solve many aspects of the current CA budget crisis.
Changing our story about money ultimately challenges us to change our story, all the way back to Original Sin, and abandon images of ourselves as inherently sinful, separated, and disempowered, says Chris. The story has to move to: “These are my people; what can I do to support us, with how I spend my dollars?” All local currencies increase opportunities for gratitude and highlight the gift of service we do for each other, in our labor for each other.
It's not who has a good idea. It's who can make it happen. If you think you can help make it happen, contact greg@gregwendt.com
Bruce Dickson runs Healing Each Other Medical Intuition and started Westside Holistic Chamber of Commerce.
Have you heard of Douglas
Have you heard of Douglas Rushkoff's "Life Inc."?
In it, he briefly gives examples of "alternative methods of capital and markets," it's fascinating stuff although I wish he, or, somebody would elaborate on the subject. Personally, I want to study the evolution of altruistic uses of capitalism in the face of natural disasters, I want to study how flexible our system is, is it flexible enough to truly provide equally for everybody, or is it just fucked? How can we add... localized community incentives to encourage the charitable use of excess capital? Not that growth isn't somewhat important, and savings and so on, but, how can we make more orgs like non-profits way more successful? - these are all things I want to study after my time in community service this year.
namaste

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