MALINVESTMENT Whenever Investment is Provided by Those Without Occupational Depe

MALINVESTMENT

Whenever Investment is Provided by Those Without Occupational Dependence Upon Income From Practice Of Craft.

It is tragically simple to detect malinvestment.

Some malinvestment often produces extraordinary ends at the top, where experimentation is being performed.

The remaining malinvestment is simply malinvestment – the seeking of rewards by those without the knowledge and ability to construct them.

Flocking and schooling create malinvestment.

Central bankers create flocking and schooling in consumption industries which obscure ‘growth’ in productivity (waste)

Investors create flocking and schooling to speculative innovations (gambling).

Entrerpreneurs create flocking and schooling to PRODUCTIVE innovations.

Now, you can get into all sorts of niche arguments over this, but once we come to terms on terms, my arguments will stand. You might argue that in the short term, our moral obligation is to keep money moving and consumption moving. And I agree with that. I just disagree with that being a measure of ‘good economics’ or good policy, and instead, a necessary tragedy given insufficient innovation, and excessive human reproduction.

On the other hand, a declining population producing increasing productivity is the only logical and rational goal that we can pursue over the medium and long term.