Tripping On Steve Keen

The belief that a capitalist economy is inherently stabilising is also one for which inhabitants of market economies may pay dearly in the future.
Steve Keen, Debunking Economics, p. 213

The Oracle of Ottawa is off his routine. The usual subject matter has been getting pretty boring. And on top of that the Canadian public has finally clued in and it is all back on track. My work on those recent subjects are all but done now.(See earlier postings...) The truth of the matter is that the Oracle of Ottawa has been side-tracked by a most amazing book written by one Steve Keen, of the University of Western Sydney, way down under, called Debunking Economics...

Steve Keen - equilibrium is bunk!

Frequent fliers to the Economy of Media know that the Oracle of Ottawa loves his books and is most interested in economics. And that he has read all the major "classical" economists texts in their unabridged entirety. Including the General Theory by Keynes in a very, very, early edition. Why the Oracle of Ottawa even read all the small print, how sick is that? And he still can't understand why every one says it is a "difficult book"? A lot of the trouble was due to war time paper and printing restrictions. The Oracle of Ottawa has always thought that Keynes was always a very good read!

But over the years the Oracle of Ottawa has been getting that anxious nervous feeling that a lot of what is taught to young economists is all very, very, well, wrong. This feeling got worse and worse as the Oracle of Ottawa put together a rather nice pile in a stock portfolio over the years, by breaking all the rules that are taught to all the up and coming portfolio mangers. According to the text books the Oracle of Ottawa has just been really lucky, so far...

But according to Steve Keen the Oracle of Ottawa may just be a very early adaptor! All the Oracle of Ottawa can tell you is that if you read one economics book this year make it Debunking Economics! This guy could be the most important economist in our lifetime. This guy is as important as Adam Smith, Karl Marx and Maynard Keynes! So that of course means that he will never win the Nobel Prize for economics, because he is too right! But the upside is that he will be famous forever!

The part where he utterly demolishes the Efficient Market Hypothesis is worth the ten times the price of the book! And I am sure that Warren Buffet would back him up on his conclusions... The Oracle of Ottawa wasn't lucky at all, he was just and truly freaking brilliant!  

And he is a very relaxing guy to listen to, unlike most stuffy pedantic Nobel Laureates. Watch this guy, he is going to be very important and world famous...

'Harper Government' - The Symbolism Of Alice Wong

Is the evil of changing constantly less than that of suffering?
Montesquieu, The Spirit Of The Laws, Book XXIX, Section 18

From the beginning of the 41st Parliament the Oracle of Ottawa has been conducting a little mental observational experiment. It is all part of my Thinking About Thinking Project. The major premise of this little sub experiment was to see if I could predict the outcome of various government departments and the effects of Canada's government policy simply by judging the capabilities of the Minister appointed to head the file. Well the first results are in and it all has pretty frightening implications...

Alice Wong - "You lazy seniors a gonna get it now!
No more pension, be a man, get job, like in China!!"

Upon hearing that the likes of Peter Kent, a grasping self serving whore of a talking head, was appointed as Minister of Environment, you could conclude that the environment was going to be of a very low priority in the 'Harper Government'. Upon the recent actions of the minister and Canada's exit from the Kyoto Protocol, it seems that my experimental way of thinking was a great success!

Well! Lets see if we can see more into the future using the same method? The Oracle of Ottawas attention has been caught by another unlikely cabinet posting that makes absolutely no sense to the Oracle of Ottawa, and I believe has dire predictive consequences to the people that are supposed to be served by the said minister. And that "agent" is one Alice Wong, who claims to have been born in Hong Kong and has only immigrated to Canada in 1980! (The great, rich rats leaving the sinking ship at any cost migration...remember?)  And now sits at the cabinet table at the highest level of power in the nation state of Canada! And has the file of Minister of State for Seniors? The "signaling" of the 'Harper Government' is simply breathtaking isn't it?

Now I don't know about you dear reader, but there is nothing a Chinaman can tell us in Canada about how to take care of Senior Citizens. As far as I know we have one of the best systems in the world for seasoned citizens. What makes me nervous is that the "minister" comes from a society that has practically no such safety net! I have provided a link to Hong Kong, and I could find no mention of social benefits for seniors? Where is the part on what the size of pensions a senior gets in Hong Kong? Is the 'Harper Government' trying to tell us something? And I believe that a lot of information exists in the ministers real life job, you could use that to possibly predict future directions and possible outcomes of the file that the said minister is now "running".
It appears in Ms. Wong's bio, that she has a Ph.D. in Instruction and Curriculum, from UBC and taught Entreprenwhoreship classes at Vancouver Community College otherwise known as Buffet 101. Is this a signal that to get your future Canada Old Age Pension checks, you will have to "be a man" and contribute to society as a Walmart greeter or bus boy at a Chinese buffet, until you drop dead? Just like in Hong Kong and China??   

What a DISGUSTING PEASANT SL*G!!!