APPARENTLY, NO ONE HAS NOTIFIED THE UNIVERSE THAT THERE IS AN ECONOMIC CRISIS ON EARTH
Sunshine is still beaming aboard the planet at the same rate as before the crisis began. Corn, rice, almonds, olives and peanuts are still growing and producing at the same rate as they did before the crisis. The same is happening with all food crops everywhere.
Airplanes still have the same load carrying capacity. Automobiles get the same fuel mileage pre and post crisis. The capacity of trees to produce lumber products has not changed. Butter and iron ore still melt at their same respective temperatures. The amount of electricity it takes to power 60 watt light bulbs has been constant.
However, despite this consistency, the Associated Press (10/5/2009) reported that the “…financial meltdown…wiped out 11% -- $6.6 trillion -- of household wealth in six months”.
Webster defines economics as: ”…production, distribution and consumption (use) of goods and services”. The Universe produces stuff. The Universe distributes stuff. The Universe uses stuff. So, the Universe IS an economy, THE Economy.
However, the Universe works differently than the human “economy”. The Universe does all this producing, distributing and using according to specific rules that don’t change. The rules of the human “economy” change continuously.
Also, the Universe has no “medium of exchange”. It lets sunshine and rain fall on everyone who happens to be in the path of the sunbeams and water drops. Air is available to everyone, everywhere on the Earth surface. Crops grow for all humans who follow the rules for growing plants. In other words the Universe is a direct-access system, no money, no middle-men.
So, I suggest that we humans do one of two things:
1) Inform the Universe that there has been a reduction in wealth, and ask it to adjust outputs accordingly. It’s very exciting this way.
2) Get rid of “mediums of exchange”, since the Universe uses a direct-access system.
Either way, I think things would work better. Having two systems is very cumbersome.