Sat 3:40am

was just reading an interview with a Nobel Prize winning economist Joseph Stiglitz about what bad shape the banks are in...

and thinking about categories... for instance two types of markets.... cash and credit... and that prices(values) reflect methods of payment or terms of purchase etc... and even within credit markets there are two components... how much down and how much a month etc...

one of the basic things I learned in college economics... the distinction between a stock and a flow... a stock is measured in units... a flow in units per time period...

life is a flow... intake and output... managing a flow is more stressful than just sitting on a stock...

I thought the USA was out of balance... a false booming war economy for most of the 8 Bush years... and hard to imagine all the junk being manufactured in China... they really geared up to mass produced cheap stuff to the USA... is it the same in Europe etc...

people work cause they have to... they choose a standard of living and what happens when they can't support it...

my thoughts feel scattered... also thinking about the wasteful military spending in Iraq... our soldiers being electrocuted in a defective shower... unreal... wasteful effort... what a mess...

interesting what such affluent animals these humans are...

how complicated it is to get a couple thousand calories a day...