There are a number of very fundamental problems with the way that the world is still run and I want to talk about what I think and feel to be the basis of these problems. These are basic observations which are not backed by any solid data, but rather anecdote so take it as you will.

Undefined vision

Jon Stewart talks to Greenspan.

Mankiw says:

We economists have rigorous and fundamental theory to explain why we have environmental regulation (externalities) and to explain why we have antitrust laws (market power), but there is no consensus about what market failure calls for the existence of a central bank.

i was thinking today about economics in general. If you think about economics, you understand that there is regardless of any economic system an implicit base assumption that people are to work. There is in fact no question whatsoever as to why people should work, what is the direction of their work, or anything as such. There is just this concern that people should work, meaning expend time producing some sort of product or service that others will trade for this artificial donation of value called money, because each party is better off.