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Kindergarten Economics: The Turnpike Game
Luvapottamus
Registered User
User ID: 372884
10-09-2019 06:02 PM

Posts: 12,620




Post: #1
Kindergarten Economics: The Turnpike Game
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When I was about five years old I concocted this game, back in the days when children played outdoors.

When we took family rad trip to Tulsa, we had to use some toll roads, and me and my sister always fought over who got to throw the change in the basket.

[Image: 68HbagT.jpg]

It was fun for a five year old.

chuckle

So one day when I was riding my Green Machine with siome other kids on bigwheels, out in our driveway, I got some buckets, and broke out the tinker toys and Lincoln logs, and doled out a bucket and some tolkens to each person, and we each got our own toll road.

HE Baily
Turner
Cimarron
Will Rogers(might have been another one)

We rode around and around, tossing tinker toys into change baskets.

The cool thing about it was you could empty your basket to get more tolkens, so nobody ever ran out of them.

Perpetual motion fueled by mom's cooking.

This is how prosperous economies function.

Monetary Velocity.

Quote:The velocity of money (or the velocity of circulation of money") is a measure of the number of times that the average unit of currency is used to purchase goods and services within a given time period.

https://en.wikipedia.org/wiki/Velocity_of_money

Monetary velocity is prosperity.

Free Trade, Walmart, and Ecommerce destroyed it.

[Image: LjBpxks.png]

Money is a recycleable resource.

In a healthy economy money changes many many hands, even cycling back through the same hands before ultimately being taxed out and funneled to Wall Street.

Your paycheck buys tires from the tire guy, he buys something else like this:

You---->Tire shop------>Snapon man---->Tool makers----->dentist---->home builders---->grocer---->farmer----->feed store----->shoe store----->you

And ancillary swirls that spin outward, and join up, and feed new cycles.

All powered by the sun and "fossil" fuels.(Mom's cooking)

In a healthy economy money cycles a lot of times because we pay EACH OTHER.

And you get lots of productivity from the SAME MONEY.

Then eventually it ends up in DC and Wallstreet. Through taxes, interest, and corporate dividends.

With ecommerce and free trade it changes to this:

Your check---->Amazon---->Wallstreet---->China

Or

Your paycheck----->Walmart---->Wallstreet---->China

The dentist and the tire guy don't get any business until your car or your teeth are really FUBAR because nobody wants to pay you for what you do.

Either.

chuckle

There is no such thing as sovereign debt. Reinstate Greenbacks.
http://www.youtube.com/watch?v=Vb5OQUElilo
Tax Wallstreet Party
United Front Against Austerity
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Lakeofmarch
Lurker at the Threshold
User ID: 518131
10-09-2019 06:07 PM

Posts: 7,793




Post: #2
RE: Kindergarten Economics: The Turnpike Game
post of the day

[Image: food_web.jpg]
Extracting any part of the web makes the whole of it stop moving, and that is the only question today.

All the world says my Tao is great, but seems odd, like nothing on earth.
If it was like anything else, how small it would have been from the very beginning!
https://terebess.hu/english/tao/wu.html
[Image: Figura-081.jpg]
Son Calenda/Fudo Myoo
secretsun.blogspot.com
-NO8DO-
Quote this message in a reply
Luvapottamus
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User ID: 372884
10-09-2019 06:23 PM

Posts: 12,620




Post: #3
RE: Kindergarten Economics: The Turnpike Game
Lakeofmarch  Wrote: (10-09-2019 06:07 PM)
post of the day

[Image: food_web.jpg]
Extracting any part of the web makes the whole of it stop moving, and that is the only question today.

This government is mandated with promoting the general welfare.

To me that means promoting general prosperity, which mean when there's a hole in your tooth or your tire you can afford to fix it.

chuckle

There's different approaches to doing this, but they are both in conflict with the plantation systems we employ in corporate America and in trade.

Right now some would argue we are benefiting from the Cheap goods overseas, as much as we are losing in monetary velocity.

Yeah you you have to wait to afford the dentist, but hey your shoes are cheap.
Balances out.

Off the back of unseen slaves in Asia and other places.

That's the neocon way of thinking about it.

The neoliberal way is well we have food stamps.

chuckle

Yang is proposing that we simply dip into this toilet flush:
Paycheck---->Amazon----->China

Scoop some of it out, pay everybody, then flush it down the same toilet.

"Because the manufacturing jobs aren't ever coming back."

OR

"Even if the manufacturing comes back, there won't be enough jobs because of automation."

Somewhat persuasive, but it doesn't do anything to fix the velocity issue.

What I propose we do is reinstate protectionism, and encourage our trading partners to reinstate it too.

So that it's not a trade war, and every country can manufacture everything it uses.

OR

Manufacture some things VERY WELL and import the rest.

Small countries can't make everything they use YET.

But they can make SOME THINGS VERY WELL.

That'd work better than looting the small countries of cheap labor and raw materials.

And the automation issue isn't as big of a problem if we:

DESIGN PRODUCTS TO LAST.

RETOOL the FACTORY OFTEN.

So you make mops.
REALLY GOOD MOPS
The handle doesn't break, you can wash and replace the head.

Now you're SOLD OUT, market saturated. Nobody needs MOPS.They still WORK.

You retool and make Brooms.
Really good brooms

Then you retool and make light bulbs.
REALLY GOOD LIGHTBULBS

Instead of one product, you can make fifty, and you HAVE DESIGNERS WORKING ON NEW ONES.

And every factory has a whole slate of things they can make, and you have good employment in design, and retool, resetup.

And the stuff you buy ACTUALLY WORKS.

Morale is key to prosperity.

This would boost morale in every nation.

Nobody wants to work in a sweatshop making crappy shoes that hurt your feet.

Why bother?

After ten years mops are needed again, so you back order them, fire up that line....

There is no such thing as sovereign debt. Reinstate Greenbacks.
http://www.youtube.com/watch?v=Vb5OQUElilo
Tax Wallstreet Party
United Front Against Austerity
(This post was last modified: 10-09-2019 06:32 PM by Luvapottamus.) Quote this message in a reply
Lakeofmarch
Lurker at the Threshold
User ID: 518131
10-09-2019 06:35 PM

Posts: 7,793




Post: #4
RE: Kindergarten Economics: The Turnpike Game
Fixing things would be quite easy, especially in countries where producers and consumers are close by, like North America. It is, however, far from being the intent.

https://en.wikipedia.org/wiki/Sefer_Yetzirah

All the world says my Tao is great, but seems odd, like nothing on earth.
If it was like anything else, how small it would have been from the very beginning!
https://terebess.hu/english/tao/wu.html
[Image: Figura-081.jpg]
Son Calenda/Fudo Myoo
secretsun.blogspot.com
-NO8DO-
Quote this message in a reply
Luvapottamus
Registered User
User ID: 372884
10-09-2019 06:38 PM

Posts: 12,620




Post: #5
RE: Kindergarten Economics: The Turnpike Game
Lakeofmarch  Wrote: (10-09-2019 06:35 PM)
Fixing things would be quite easy, especially in countries where producers and consumers are close by, like North America. It is, however, far from being the intent.

https://en.wikipedia.org/wiki/Sefer_Yetzirah

Free trade is a shell game.

The reason Ghandi spun his own thread was a protest against free trade.

Under British occupation Indians were forced to export raw fibers to England, where they were spin into thread, woven into fabric, then made into clothing, and sold back at a huge markup to India.

It was sucking their economy dry.

Same thing is happening here now. Our EPA chief went to Morocco to sell them Compressed Natural Gas.

We have high heating bills HERE. Sell it to us CHEAP.

chuckle

It's OURS.

And fix the cracks in my grandfather's chimney you created with fracking earthquakes.

Crack my chimney then sell it to Morocco?

FU

There is no such thing as sovereign debt. Reinstate Greenbacks.
http://www.youtube.com/watch?v=Vb5OQUElilo
Tax Wallstreet Party
United Front Against Austerity
(This post was last modified: 10-09-2019 06:40 PM by Luvapottamus.) Quote this message in a reply
Luvapottamus
Registered User
User ID: 372884
10-09-2019 06:52 PM

Posts: 12,620




Post: #6
RE: Kindergarten Economics: The Turnpike Game
Backwards Metrics

Economic indicator

An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. One application of economic indicators is the study of business cycles. Economic indicators include various indices, earnings reports, and economic summaries: for example,

the unemployment rate,
quits rate (quit rate in U.S. English),
housing starts,
consumer price index (a measure for inflation),
consumer leverage ratio,
industrial production,
bankruptcies,
gross domestic product,
broadband internet penetration,
retail sales,
stock market prices, and
money supply changes.

https://en.wikipedia.org/wiki/Economic_indicator

Those are plantation metrics.

Prosperity metrics would include:
% housed with paid off mortgage
% with adequate retirement funds
durable goods LONGEVITY
education attainment
vocational certification
time spent on art and hobbies

Things like that.

All durable goods sales tells you is how poorly designed appliances are.

chuckle

Broadband penetration is toxic radiation.

Measure fiber optic connections.

There is no such thing as sovereign debt. Reinstate Greenbacks.
http://www.youtube.com/watch?v=Vb5OQUElilo
Tax Wallstreet Party
United Front Against Austerity
(This post was last modified: 10-09-2019 07:01 PM by Luvapottamus.) Quote this message in a reply
LoP Guest
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User ID: 465738
10-09-2019 07:06 PM

 




Post: #7
RE: Kindergarten Economics: The Turnpike Game
The government IS the economy.
Quote this message in a reply
Luvapottamus
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User ID: 372884
10-09-2019 07:09 PM

Posts: 12,620




Post: #8
RE: Kindergarten Economics: The Turnpike Game
LoP Guest  Wrote: (10-09-2019 07:06 PM)
The government IS the economy.

Not exactly.

The government has been CAPTURED by corporate interests, many of which are supra-national and have no loyalty or concern regarding the general welfare.

AKA

General prosperity.

Domestic or offshore.

Which is why we have such a high military budget.

We are operating like the British Empire and are overextended.

There is no such thing as sovereign debt. Reinstate Greenbacks.
http://www.youtube.com/watch?v=Vb5OQUElilo
Tax Wallstreet Party
United Front Against Austerity
(This post was last modified: 10-09-2019 07:09 PM by Luvapottamus.) Quote this message in a reply
LoP Guest
lop guest
User ID: 465738
10-09-2019 07:23 PM

 




Post: #9
RE: Kindergarten Economics: The Turnpike Game
US GDP = 19 trillion

Total government spend fed, state, local = 8 trillion

Every government job creates two lower paying non government jobs
(what I was told when I worked for a government contractor)

ergo the government IS the economy. Its the engine and the rest is just the car body.

Think about your relatives and friends how many work for the government or get government benefits.

Our governor is a former schoolteacher. MY state representative, former schoolteacher. The representative from our neighboring district is a currently active schoolteacher being paid by school while in the legislature.

My buddy. Former Navy Seal that worked for the city drawing both a military and city pension in retirement. I get social security. Doctors paid by Obamacare. Obamacare paid $1000 a month on my insurance premium. Gramps worked for the government. Aunt and uncle state university professors. Other uncle received government contracts in his business. Look around.

The corporations are just the scamsters that suck up the government money and pay the politicians their share for paying the people that buy their wares.

Why do you think they are lying and faking and smearing each other. Its to get hold of the government money spigot. Every congressperson has to fund their campaign and to kick money up to the party. They sponsor blackmail bills to shake down the corporations and pass the legislation written by their corporate paymasters like Obamacare so the government can give the money to their customers to give to them because their customers jobs were shipped to China.
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Luvapottamus
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User ID: 372884
10-09-2019 07:25 PM

Posts: 12,620




Post: #10
RE: Kindergarten Economics: The Turnpike Game
LoP Guest  Wrote: (10-09-2019 07:23 PM)
US GDP = 19 trillion

Total government spend fed, state, local = 8 trillion

Every government job creates two lower paying non government jobs
(what I was told when I worked for a government contractor)

ergo the government IS the economy. Its the engine and the rest is just the car body.

Think about your relatives and friends how many work for the government or get government benefits.

Our governor is a former schoolteacher. MY state representative, former schoolteacher. The representative from our neighboring district is a currently active schoolteacher being paid by school while in the legislature.

My buddy. Former Navy Seal that worked for the city drawing both a military and city pension in retirement. I get social security. Doctors paid by Obamacare. Obamacare paid $1000 a month on my insurance premium. Gramps worked for the government. Aunt and uncle state university professors. Other uncle received government contracts in his business. Look around.

The corporations are just the scamsters that suck up the government money and pay the politicians their share for paying the people that buy their wares.

Why do you think they are lying and faking and smearing each other. Its to get hold of the government money spigot. Every congressperson has to fund their campaign and to kick money up to the party. They sponsor blackmail bills to shake down the corporations and pass the legislation written by their corporate paymasters like Obamacare so the government can give the money to their customers to give to them because their customers jobs were shipped to China.

Nobody I know is working.

chuckle

We're living of the bones of the New Deal.

Grandparents had general prosperity and they banked it.

Did you know the standard mortgage in 1945 was five years?

There is no such thing as sovereign debt. Reinstate Greenbacks.
http://www.youtube.com/watch?v=Vb5OQUElilo
Tax Wallstreet Party
United Front Against Austerity
Quote this message in a reply
LoP Guest
lop guest
User ID: 465738
10-09-2019 07:38 PM

 




Post: #11
RE: Kindergarten Economics: The Turnpike Game
The main reason mortgages were five years was because people were religious and any debt longer than six years was considered a sin because in old testament Israel all debts were forgiven every six years with the seventh year a sabbath year. That's where our bankruptcy law comes from and why you can only take bankruptcy once every six years. For them it was mandatory. For us it is voluntary.

I hear ya. I'm in the same boat. I got a government contractor job straight out of college and was making todays equivalent of 100 grand a year when I got laid off in a Neutron Jack layoff. The best I could do after that was 6 bucks an hour. They hired us tech people for a song as temps.

But the government has become the thing now. When I was a kid the only time the president came on TV was for things like the Cuban Missile crisis and you knew it was serious if he came on. Now all you hear about is tweets and crap about nonsense and how they have to control this and pass a law to stop that. Its the biggest growth business in the world. Ever since they figured out it was easier to take peoples money in taxes and give it their haircut than make an honest living. But there's a limit. When we'll hit it I don't know. Its a question of whether the lunacy or debt will get us first.
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Luvapottamus
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User ID: 372884
10-09-2019 08:58 PM

Posts: 12,620




Post: #12
RE: Kindergarten Economics: The Turnpike Game
LoP Guest  Wrote: (10-09-2019 07:38 PM)
The main reason mortgages were five years was because people were religious and any debt longer than six years was considered a sin because in old testament Israel all debts were forgiven every six years with the seventh year a sabbath year. That's where our bankruptcy law comes from and why you can only take bankruptcy once every six years. For them it was mandatory. For us it is voluntary.

I hear ya. I'm in the same boat. I got a government contractor job straight out of college and was making todays equivalent of 100 grand a year when I got laid off in a Neutron Jack layoff. The best I could do after that was 6 bucks an hour. They hired us tech people for a song as temps.

But the government has become the thing now. When I was a kid the only time the president came on TV was for things like the Cuban Missile crisis and you knew it was serious if he came on. Now all you hear about is tweets and crap about nonsense and how they have to control this and pass a law to stop that. Its the biggest growth business in the world. Ever since they figured out it was easier to take peoples money in taxes and give it their haircut than make an honest living. But there's a limit. When we'll hit it I don't know. Its a question of whether the lunacy or debt will get us first.

My grandparents paid off their houses in five years or less.

One built a custom home after having polio that is tornadio proof and wheelchair accessible, and he paid that off in five pretty sure.

But before that he had a "starter" home, which was smaller. THe custom house had three bedrooms and two baths, and was never expanded.

The other grandfather bought a little box shaped house with one bedroom. Paid it off.

Then each time they had a kid they added on.

That's how you stay out of debt.

People don't have that option now because nobody is building starter homes.

A simple requirement in zoning rules that every new development must have some small houses the number of which should be based on demographics data..would fix that.

After people add on....you end up with the same problem, so some of these are a little tricky but we're not trying.

One of my uncles borrowed money for a house and dental school from one of the grandfathers.

Paid off both loans within five years of graduation.

Nobody can do that these days.

But they should be able to, and one thing about policy decisions is they should be reversible.

If something doesn't work, fall back, just like you do with a bad LINUX update.

chuckle

Homelessness?

We didn't have that problem when we were primitive.

During the depression, you could put a wood stove in your tin roofed Hooverville shack.

Can't have a fire in an REI tent.

San Francisco residents use rocks to block homeless camping
By OLGA R. RODRIGUEZ
October 1, 2019

[Image: kCp9uTH.jpg]

https://www.apnews.com/92bba64134c84d01bdc77076b4063e31

I wouldn't want a bunch of junkies and drug dealers shitting on my sidewalk either, but there must be some better solution than placing boulders close enough a tent won't fit.

chuckle

There is no such thing as sovereign debt. Reinstate Greenbacks.
http://www.youtube.com/watch?v=Vb5OQUElilo
Tax Wallstreet Party
United Front Against Austerity
Quote this message in a reply
Luvapottamus
Registered User
User ID: 372884
10-09-2019 11:58 PM

Posts: 12,620




Post: #13
RE: Kindergarten Economics: The Turnpike Game
My mayor is at a conference on social inequity, and they are discussing the housing problem.

One approach is to eliminate single family dwelling zoning, to allow duplexes and triplexes.

I'd rather have a tiny house than a duplex.

Unless I owned the whole thing and rented part of it as retirement income.

Duplexes are as bad as apartments.

A better solution could be this:

Based on demographic data you have to build enough cheap small starter houses to fulfill demand.

Then how about you can't add on?

If you want something bigger, sell it, move to an unrestricted home.

That way we don't end up in the same situation with only large houses.

If you want to destroy ranch houses in old midtown neighborhoods, and build mcmansions, you got to destroy some more and build some starter homes in the same neighborhood too. Two or three starter houses for every boondoggle.

This isn't going to solve the problem in San Fransisco. In urban environments mixed income apartments is the trend.

But in Little Rock Arkansas....Tulsa....we aren't that compacted.

Nor should we be.

Gardens.

That's another thing that chaps my ass, since I've been working on this food forest.

Everybody in town should have some blackberries and muscadine grapes.

You should be able to walk down any street and graze some vitamin C off the fences.

chuckle

There is no such thing as sovereign debt. Reinstate Greenbacks.
http://www.youtube.com/watch?v=Vb5OQUElilo
Tax Wallstreet Party
United Front Against Austerity
(This post was last modified: 10-10-2019 12:01 AM by Luvapottamus.) Quote this message in a reply








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