We are entering a new age of economics

The world has already entered a new age of economics ... and simply hasn't brought the "science" of it up to date.

We need to rethink a few things ... for instance does leveraged asset ownership simply keep extending the asset owners out over the cliff until they fall? ... because the strength of an asset being held up by an instrument of debt as an anti-gravity device is reverse to the leverage involved?

In rethinking economics, the first concept we need to nail down, is the "I, thou" relationship, don't you think? What is our responsibility to others, and theirs to us? Like, when is it every person for him or herself? And when is it that we watch each other's backs? I mean, Katrina and New Orleans and now the global economic meltdown with

First, we need a market where goods and services of real value (others want or need them) are produced and then exchanged or consumed as efficiently as possilbe.

Second, we need to pay ALL the costs of producing these goods and services out of the profits earned by selling/exchanging the goods in services in the market.

Third, we need to sustain our communities as renewable resources for our future,

The current economic meltdown under the warping of the old economics will demand a review of what when wrong ... and I dare say some new concepts will emerge.