xhightension wrote:If something is immeasurable then that thing is limitless?
Hightension, smears: if "that thing" is limitless, yes its also immeasurable. But that thing is a function of control. Specifically, control of the growth of capital seems to be limited by the few checks available. To limit capital acquisition implies control over it. An unlimited field in capital acquisition for sure can derive a measure of it's value, and scavenger is right, if the field is limited,
This derivative has become fairly predictable, the controls necessary have not been without misses
Recessions and depressions require up-ending controls on market and paper/money flow adjustments, such as lowering interest rates, saving institutions "too big to fall", increasing the money supply, (with borrowing), and controlling trading practices' etc.
The limits to capital holding, is pretty non existent, and as capital holdings grow, existing control apparatus seem to pale by comparison.The effect of this,is that markets are effected by an artificiality of 2 dimensions: One, by increasing the money supply while simultaneously holding down interest rates pressures the markets held up by an accumulation of debt, while the resulting inflation is held in check. This is very much like a Ponzi scheme, where we are betting everything on the short term.
Two, the flight into gold, makes things even more confusing, since it creates additional vagueness, by capitol acquisition seemingly a "hidden" variable Since there seems to be no accountable currency acquisition (, not to speak of a further undermining of an already baseless (not backed by gold or silver) currency, instability becomes systemic.
This state of affairs is candy coated by the incredibly low interest rates, and immense public indebtedness. The economy feels stable, for now, by these manuvers by the Fed, however, these are stop gap, near term solutions to a problem, which everyone acknowledges, but don't not want to admit, with no obvious solutions, in sight.
The limits of growth were very well exemplified by President Gerald Ford, and he would have done fine if not for the Iran hostage crisis, which denied him a second term. What followed was Reagenamics, and deregulation. In a limited field,
Function of control is limited by short term assymptotes, hence values become incalculable. , That's my take on it, and we as modern industrial societies are reduced to short term manipulation, Long puts on paper are very risky, it was shorting with low margins which caused the Great depression, and although they do have more controls in place, it is the equity/debt ratio which may be the culprit now.