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	<title>Comments on: More On The Two-Track Economy &#8212; From The WSJ And Others</title>
	<atom:link href="http://baselinescenario.com/2009/08/29/more-on-the-two-track-economy-from-the-wsj-and-others/feed/" rel="self" type="application/rss+xml" />
	<link>http://baselinescenario.com/2009/08/29/more-on-the-two-track-economy-from-the-wsj-and-others/</link>
	<description>What happened to the global economy and what we can do about it</description>
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	<item>
		<title>By: Silke</title>
		<link>http://baselinescenario.com/2009/08/29/more-on-the-two-track-economy-from-the-wsj-and-others/#comment-26529</link>
		<dc:creator><![CDATA[Silke]]></dc:creator>
		<pubDate>Fri, 04 Sep 2009 08:52:15 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4838#comment-26529</guid>
		<description><![CDATA[the only book I remember about the connections you describe is Amitav Ghosh&#039;s &quot;In an Ancient Land&quot; - do you have any other suggestions??? (hopefully by writers who write well enough to make a hedonist reader sigh with pleasure while consuming them)
I hope this does not count as an emotional response ;-)]]></description>
		<content:encoded><![CDATA[<p>the only book I remember about the connections you describe is Amitav Ghosh&#8217;s &#8220;In an Ancient Land&#8221; &#8211; do you have any other suggestions??? (hopefully by writers who write well enough to make a hedonist reader sigh with pleasure while consuming them)<br />
I hope this does not count as an emotional response ;-)</p>
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		<title>By: notabanker</title>
		<link>http://baselinescenario.com/2009/08/29/more-on-the-two-track-economy-from-the-wsj-and-others/#comment-26500</link>
		<dc:creator><![CDATA[notabanker]]></dc:creator>
		<pubDate>Fri, 04 Sep 2009 00:14:56 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4838#comment-26500</guid>
		<description><![CDATA[tippygolden
my comment re &#039;emotional response&#039; did not not not apply to you.  I did not want to upset other folk.]]></description>
		<content:encoded><![CDATA[<p>tippygolden<br />
my comment re &#8216;emotional response&#8217; did not not not apply to you.  I did not want to upset other folk.</p>
]]></content:encoded>
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		<title>By: notabanker</title>
		<link>http://baselinescenario.com/2009/08/29/more-on-the-two-track-economy-from-the-wsj-and-others/#comment-26410</link>
		<dc:creator><![CDATA[notabanker]]></dc:creator>
		<pubDate>Thu, 03 Sep 2009 13:58:47 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4838#comment-26410</guid>
		<description><![CDATA[tippygolden,
you tempt me to post another comment.  Yes Muslims at least in Pakistan (and I believe Yemen) refer to numeral system as Hindu or 
Hindi as I recall but the symbol structure was originally a little different to our current &#039;Arabic&#039; style.  Hindu records speak of origin in the Vedic period. 

You may be aware of Hindu assertions that the Kaaba was originally a Fire temple!  They point to the unique practice (amongst Islamic sites) of processing around a shrine, stoning a pillar, venerating a stone, as fire temple  rituals. None of these were apparently included as unique  instructions to Muslims?  I advise this for interest and have not researched  references. My info was received verbally.

History is replete with major trading and social contacts between Arabia inhabitants and the Indian sub-continent.

Some study and research difficulties arise with revisionist action by various folk attempting to rewrite history.  This has been only partially suuccessful.  Early Kaaba residents (pre-dating Mohanmmed) apparently were headed by &#039;the deity&#039;(check this in Arabic), his consort and their two children and a number of others.  Hindu info contributions provoke re-thinking of later claims?

I pass this for interest and make no claims re authenticity however  there appears  significant correlations?  It may be helpful if independent examination of Kaaba artifacts and the site itself were allowed.  Some Islamic folk claim the Kaaba was originally built by Adam, others that Abraham aged about 140+ traveling about 750 miles each way,  did the job and then returned home to Canaan!  Such claims seem to have surfaced about 2500 years after Abraham lived.  No authenticated  supporting evidence exists to my knowledge.   

Recent investigation of sunken city structures off the west coast of India allegedly date from at least 7000-10000 BC appear to indicate a society older and more developed than the nomadic Arabian peninsular peoples.

You may care to make your own investigations re this fascinating period although information is scarce. 

I trust this post does not result in emotional responses. 

Isn&#039;t life interesting?]]></description>
		<content:encoded><![CDATA[<p>tippygolden,<br />
you tempt me to post another comment.  Yes Muslims at least in Pakistan (and I believe Yemen) refer to numeral system as Hindu or<br />
Hindi as I recall but the symbol structure was originally a little different to our current &#8216;Arabic&#8217; style.  Hindu records speak of origin in the Vedic period. </p>
<p>You may be aware of Hindu assertions that the Kaaba was originally a Fire temple!  They point to the unique practice (amongst Islamic sites) of processing around a shrine, stoning a pillar, venerating a stone, as fire temple  rituals. None of these were apparently included as unique  instructions to Muslims?  I advise this for interest and have not researched  references. My info was received verbally.</p>
<p>History is replete with major trading and social contacts between Arabia inhabitants and the Indian sub-continent.</p>
<p>Some study and research difficulties arise with revisionist action by various folk attempting to rewrite history.  This has been only partially suuccessful.  Early Kaaba residents (pre-dating Mohanmmed) apparently were headed by &#8216;the deity&#8217;(check this in Arabic), his consort and their two children and a number of others.  Hindu info contributions provoke re-thinking of later claims?</p>
<p>I pass this for interest and make no claims re authenticity however  there appears  significant correlations?  It may be helpful if independent examination of Kaaba artifacts and the site itself were allowed.  Some Islamic folk claim the Kaaba was originally built by Adam, others that Abraham aged about 140+ traveling about 750 miles each way,  did the job and then returned home to Canaan!  Such claims seem to have surfaced about 2500 years after Abraham lived.  No authenticated  supporting evidence exists to my knowledge.   </p>
<p>Recent investigation of sunken city structures off the west coast of India allegedly date from at least 7000-10000 BC appear to indicate a society older and more developed than the nomadic Arabian peninsular peoples.</p>
<p>You may care to make your own investigations re this fascinating period although information is scarce. </p>
<p>I trust this post does not result in emotional responses. </p>
<p>Isn&#8217;t life interesting?</p>
]]></content:encoded>
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		<title>By: Silke</title>
		<link>http://baselinescenario.com/2009/08/29/more-on-the-two-track-economy-from-the-wsj-and-others/#comment-26390</link>
		<dc:creator><![CDATA[Silke]]></dc:creator>
		<pubDate>Thu, 03 Sep 2009 08:48:14 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4838#comment-26390</guid>
		<description><![CDATA[sorry language gap hit me on &quot;circular function&quot; (http://www.merriam-webster.com/dictionary/circular+function) 

but from what I think I understood:
Intellectual progress we may make without end but our emotions remain pretty close to what they have been centuries and centuries ago (why else do I immediately and unequivocally side with Achilles&#039; rage if not because I find that same reaction repeated in every slighted employee&#039;s &quot;innere Kündigung&quot;=inner/silent notice giving)
I read Toynbee almost 40 years ago but another thing that stuck in my mind was his conclusion that civilizations do not really progress but that religions have progressed over the millenia towards transcendance (first you worship the sun, than a god with the attribute of the sun, etc. etc.) as at least the religions of the book have come a long way from the constantly squabbling Olympians I wonder what mankind will come up with - as far as I know back to fundamentals does not have a record of impressive success over times, so my bet is on something even more up, up and away (definitely not atheism, far too dogmatic in my taste).
I am woefully uneducated about Marxism but completely convinced by everyday experience and avid reading of history books that pre-determinable outcomes of anything whatsoever can only ever be &quot;found&quot; in hind-sight, that&#039;s why I prefer historians who write their &quot;why something happened&quot;-stuff always with implied question marks]]></description>
		<content:encoded><![CDATA[<p>sorry language gap hit me on &#8220;circular function&#8221; (<a href="http://www.merriam-webster.com/dictionary/circular+function" rel="nofollow">http://www.merriam-webster.com/dictionary/circular+function</a>) </p>
<p>but from what I think I understood:<br />
Intellectual progress we may make without end but our emotions remain pretty close to what they have been centuries and centuries ago (why else do I immediately and unequivocally side with Achilles&#8217; rage if not because I find that same reaction repeated in every slighted employee&#8217;s &#8220;innere Kündigung&#8221;=inner/silent notice giving)<br />
I read Toynbee almost 40 years ago but another thing that stuck in my mind was his conclusion that civilizations do not really progress but that religions have progressed over the millenia towards transcendance (first you worship the sun, than a god with the attribute of the sun, etc. etc.) as at least the religions of the book have come a long way from the constantly squabbling Olympians I wonder what mankind will come up with &#8211; as far as I know back to fundamentals does not have a record of impressive success over times, so my bet is on something even more up, up and away (definitely not atheism, far too dogmatic in my taste).<br />
I am woefully uneducated about Marxism but completely convinced by everyday experience and avid reading of history books that pre-determinable outcomes of anything whatsoever can only ever be &#8220;found&#8221; in hind-sight, that&#8217;s why I prefer historians who write their &#8220;why something happened&#8221;-stuff always with implied question marks</p>
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		<title>By: MC Morley</title>
		<link>http://baselinescenario.com/2009/08/29/more-on-the-two-track-economy-from-the-wsj-and-others/#comment-26339</link>
		<dc:creator><![CDATA[MC Morley]]></dc:creator>
		<pubDate>Wed, 02 Sep 2009 22:41:45 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4838#comment-26339</guid>
		<description><![CDATA[Thank you Silke - What an interesting reference. I have not read Toynbee so followed up reading a few excerpts online. It&#039;s now on my list of stuff to read! 

However, in terms of intellectual framework I am imagining something that is temporally dynamic...Historical analysis on its own can result in deterministic philosophy. As TonyForesta illustrates in the comment below, when we have knowledge of the forces that shape historical events, we end up with predictable outcomes, such as revolutions that appear necessary for creative change (Toynbee discusses creativity as such). Since this is repeated again and again in history, it is like a circular function that is effectively static through predictability. Why not do everything possible to avoid such prediction - especially if there is &quot;bloody&quot; outcome...as described below?  I just don&#039;t think we should give up on the notion of intellectual progress for humanity beyond Marxist musings or other alternative theories of previous centuries...]]></description>
		<content:encoded><![CDATA[<p>Thank you Silke &#8211; What an interesting reference. I have not read Toynbee so followed up reading a few excerpts online. It&#8217;s now on my list of stuff to read! </p>
<p>However, in terms of intellectual framework I am imagining something that is temporally dynamic&#8230;Historical analysis on its own can result in deterministic philosophy. As TonyForesta illustrates in the comment below, when we have knowledge of the forces that shape historical events, we end up with predictable outcomes, such as revolutions that appear necessary for creative change (Toynbee discusses creativity as such). Since this is repeated again and again in history, it is like a circular function that is effectively static through predictability. Why not do everything possible to avoid such prediction &#8211; especially if there is &#8220;bloody&#8221; outcome&#8230;as described below?  I just don&#8217;t think we should give up on the notion of intellectual progress for humanity beyond Marxist musings or other alternative theories of previous centuries&#8230;</p>
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		<title>By: tippygolden</title>
		<link>http://baselinescenario.com/2009/08/29/more-on-the-two-track-economy-from-the-wsj-and-others/#comment-26254</link>
		<dc:creator><![CDATA[tippygolden]]></dc:creator>
		<pubDate>Wed, 02 Sep 2009 14:35:51 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4838#comment-26254</guid>
		<description><![CDATA[Thanks notabanker. To tie this together. The invention of counting began in ancient times because people needed to to keep track of their bushels of wheat and olives. This evolved into the oxymorn of modern accounting. By this I mean the Shadow Bankers that caused the global financial crisis but evaded accountability.]]></description>
		<content:encoded><![CDATA[<p>Thanks notabanker. To tie this together. The invention of counting began in ancient times because people needed to to keep track of their bushels of wheat and olives. This evolved into the oxymorn of modern accounting. By this I mean the Shadow Bankers that caused the global financial crisis but evaded accountability.</p>
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	<item>
		<title>By: notabanker</title>
		<link>http://baselinescenario.com/2009/08/29/more-on-the-two-track-economy-from-the-wsj-and-others/#comment-26235</link>
		<dc:creator><![CDATA[notabanker]]></dc:creator>
		<pubDate>Wed, 02 Sep 2009 13:51:44 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4838#comment-26235</guid>
		<description><![CDATA[tippygolden,
I spent  many years before retiring  travelling in Asia and have many friends over there.  It has been interesting studying  Islamic and Hindu belief systems, history and society over a period of about 30 years (with some side tracking to China and other countries in the region).  Some of the Indian prehistory research is fascinating.  However Simon and James&#039; blog may prefer one to concentrate on the subjects raised, however tempting sidetracks are?

Hopefully we might see Simon address the requirement to protect against exploiting market mafiosi while getting the balance right for maximum market freedom.  Maybe  a shell of &#039;safety&#039; processes could be developed?

I confidently expect your contribution to be of great value.

Thanks again.]]></description>
		<content:encoded><![CDATA[<p>tippygolden,<br />
I spent  many years before retiring  travelling in Asia and have many friends over there.  It has been interesting studying  Islamic and Hindu belief systems, history and society over a period of about 30 years (with some side tracking to China and other countries in the region).  Some of the Indian prehistory research is fascinating.  However Simon and James&#8217; blog may prefer one to concentrate on the subjects raised, however tempting sidetracks are?</p>
<p>Hopefully we might see Simon address the requirement to protect against exploiting market mafiosi while getting the balance right for maximum market freedom.  Maybe  a shell of &#8216;safety&#8217; processes could be developed?</p>
<p>I confidently expect your contribution to be of great value.</p>
<p>Thanks again.</p>
]]></content:encoded>
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	<item>
		<title>By: tippygolden</title>
		<link>http://baselinescenario.com/2009/08/29/more-on-the-two-track-economy-from-the-wsj-and-others/#comment-26205</link>
		<dc:creator><![CDATA[tippygolden]]></dc:creator>
		<pubDate>Wed, 02 Sep 2009 11:56:38 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4838#comment-26205</guid>
		<description><![CDATA[Notabanker,

I might add here, I used the phrase &quot;Arabic numerals&quot; above. But this notational system actually originated in India, circa 500 CE, using the Devanagari script. So it was mathematicians in ancient India discovered the concept of zero.


Devanagari is the script for Sanskrit. While philologists have shown Sanskrit, Greek, and Latin are linguistically related. This begins to illustrates just how interconnected the known world has always been from a cultural and historical perspective.]]></description>
		<content:encoded><![CDATA[<p>Notabanker,</p>
<p>I might add here, I used the phrase &#8220;Arabic numerals&#8221; above. But this notational system actually originated in India, circa 500 CE, using the Devanagari script. So it was mathematicians in ancient India discovered the concept of zero.</p>
<p>Devanagari is the script for Sanskrit. While philologists have shown Sanskrit, Greek, and Latin are linguistically related. This begins to illustrates just how interconnected the known world has always been from a cultural and historical perspective.</p>
]]></content:encoded>
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		<title>By: Uncle Billy Cunctator</title>
		<link>http://baselinescenario.com/2009/08/29/more-on-the-two-track-economy-from-the-wsj-and-others/#comment-26193</link>
		<dc:creator><![CDATA[Uncle Billy Cunctator]]></dc:creator>
		<pubDate>Wed, 02 Sep 2009 07:25:36 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4838#comment-26193</guid>
		<description><![CDATA[Benigne dicis amicus.]]></description>
		<content:encoded><![CDATA[<p>Benigne dicis amicus.</p>
]]></content:encoded>
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	<item>
		<title>By: notabanker</title>
		<link>http://baselinescenario.com/2009/08/29/more-on-the-two-track-economy-from-the-wsj-and-others/#comment-26190</link>
		<dc:creator><![CDATA[notabanker]]></dc:creator>
		<pubDate>Wed, 02 Sep 2009 06:29:13 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4838#comment-26190</guid>
		<description><![CDATA[Uncle Billy,
I can appreciate your cognomen!]]></description>
		<content:encoded><![CDATA[<p>Uncle Billy,<br />
I can appreciate your cognomen!</p>
]]></content:encoded>
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		<title>By: Uncle Billy Cunctator</title>
		<link>http://baselinescenario.com/2009/08/29/more-on-the-two-track-economy-from-the-wsj-and-others/#comment-26189</link>
		<dc:creator><![CDATA[Uncle Billy Cunctator]]></dc:creator>
		<pubDate>Wed, 02 Sep 2009 05:54:08 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4838#comment-26189</guid>
		<description><![CDATA[test]]></description>
		<content:encoded><![CDATA[<p>test</p>
]]></content:encoded>
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	<item>
		<title>By: The Raven</title>
		<link>http://baselinescenario.com/2009/08/29/more-on-the-two-track-economy-from-the-wsj-and-others/#comment-26131</link>
		<dc:creator><![CDATA[The Raven]]></dc:creator>
		<pubDate>Tue, 01 Sep 2009 23:46:13 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4838#comment-26131</guid>
		<description><![CDATA[The EIR, who published the linked article, is LaRouche&#039;s.  Whether or not Engdahl has since cut his connections with the EIR, that&#039;s who first published that article.  I read a lot as it is.  I&#039;m not going to spend time on what seems to be anti-semitic crackpottery unless it comes from a much more reliable source than the EIR.]]></description>
		<content:encoded><![CDATA[<p>The EIR, who published the linked article, is LaRouche&#8217;s.  Whether or not Engdahl has since cut his connections with the EIR, that&#8217;s who first published that article.  I read a lot as it is.  I&#8217;m not going to spend time on what seems to be anti-semitic crackpottery unless it comes from a much more reliable source than the EIR.</p>
]]></content:encoded>
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		<title>By: aldante</title>
		<link>http://baselinescenario.com/2009/08/29/more-on-the-two-track-economy-from-the-wsj-and-others/#comment-26070</link>
		<dc:creator><![CDATA[aldante]]></dc:creator>
		<pubDate>Tue, 01 Sep 2009 16:07:09 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4838#comment-26070</guid>
		<description><![CDATA[Perfect!
Does it suggest how to topple the corrupt?]]></description>
		<content:encoded><![CDATA[<p>Perfect!<br />
Does it suggest how to topple the corrupt?</p>
]]></content:encoded>
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	<item>
		<title>By: Silke</title>
		<link>http://baselinescenario.com/2009/08/29/more-on-the-two-track-economy-from-the-wsj-and-others/#comment-26013</link>
		<dc:creator><![CDATA[Silke]]></dc:creator>
		<pubDate>Tue, 01 Sep 2009 08:51:08 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4838#comment-26013</guid>
		<description><![CDATA[&quot;what sort of intellectual framework is going to support this societal change … &quot;

according to Arnold Toynbee through the millenia it was via religion that this framework was provided (he counts communism as a Christian step-child - I am sure he had no love for this step-child)
let&#039;s hope that if there is a framework that will take the lead it is benign to people who will adhere to rules but not confess to the same stuff.
http://en.wikipedia.org/wiki/A_Study_of_History]]></description>
		<content:encoded><![CDATA[<p>&#8220;what sort of intellectual framework is going to support this societal change … &#8221;</p>
<p>according to Arnold Toynbee through the millenia it was via religion that this framework was provided (he counts communism as a Christian step-child &#8211; I am sure he had no love for this step-child)<br />
let&#8217;s hope that if there is a framework that will take the lead it is benign to people who will adhere to rules but not confess to the same stuff.<br />
<a href="http://en.wikipedia.org/wiki/A_Study_of_History" rel="nofollow">http://en.wikipedia.org/wiki/A_Study_of_History</a></p>
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		<title>By: presterjohn</title>
		<link>http://baselinescenario.com/2009/08/29/more-on-the-two-track-economy-from-the-wsj-and-others/#comment-26012</link>
		<dc:creator><![CDATA[presterjohn]]></dc:creator>
		<pubDate>Tue, 01 Sep 2009 08:39:04 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4838#comment-26012</guid>
		<description><![CDATA[sand---&gt;gearbox]]></description>
		<content:encoded><![CDATA[<p>sand&#8212;&gt;gearbox</p>
]]></content:encoded>
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