Today: Endure, do not give up – from the I Ching

Bringing order from chaos is a formidable task that requires strength, patience, endurance.  With every step completed a new challenge emerges.  Do not assume that you are done until you are done.  And, don’t give up.

Read the text from Richard Wilhelm's translation of the I Ching

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Today: When you acknowledge your vastness” Yogi Bhajan

“When you acknowledge your vastness, you have manners. Your mind supports your projection. The evidence of that is love. Love is the living power of Infinity. Where’s there’s a love, there’s no question. Where there’s a question, there’s no love.” Yogi Bhajan
(via Ram Anand)

 

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Thoughts on Keynsian Economics

Think about it.  When enough people are presented with opportunity, there are many who do not ignore it.  Under the right circumstances, they  cannot ignore it.  Statistically, this tends to cause a shift in whatever macro dynamics are in play.
An obvious case is the question of the implementation of Keynsian Economic Theory.  It was used, with impressive effects, to pull the world out of the great depression.  FDR was a skeptic of investing in “something for nothing”, but his gamble in creating the WPA paid off big time.  What really did the trick was the “forced” government investment in the war machine in the late 1930’s.  The tragedy of WWII also led to the greatest period of prosperity in modern history.  Investment in war is always questionable.  Investment in manufacturing infrastructure worked beautifully.

The “gilded age” of the 1920’s yielded to the “golden age” which lasted into the 1970’s.

It’s simple.  During the depression, what everyone wanted, and needed, was a job.  The WPA filled that need.  During WWII, all the stops were pulled, with seismic economic results.  it seems that when money is flowing, people cannot resist spending it, which is a direct stimulus to growth and prosperity.  Fear subsides and the economy soars.  Of course, it’s not a trivial problem.  Too much spending beyond growth can cause inflation, as was witnessed with “stagflation” in the 1970’s.

Rather than adopting sane fiscal safeguards against inflation, which are known to the Keynsian Economic model,  President Reagan chose to reintroduce fear into the equation with his “trickle down” proposition, which has been a persistent impediment to economic growth to this day.  “Trickle down” is not a theory, it is a voodoo trick intended to persuade people to believe that the monied interests will take care of everybody.  Just ask yourself which is more likely:  Will more people spend more money when they have more money without the fear of being destitute, or will wealthy people invest more of their wealth to build something for everyone’s benefit?  The former makes no assumptions.  It’s a fact, proven by history.

The latter is loaded with assumptions:
Wealthy people are philanthropic – some of them are
Big business is willing to put its wealth at risk without the assurances of a monopolistic sure thing – its stockpile of trillions of dollars shows otherwise.  Most recent investments have only gobbled up smaller enterprises and reduced competition, indicating one goal – a consolidation of wealth into fewer more powerful interests.  More cash in their pockets won’t change this.

President Reagan weaponized fear, and its legacy has been adopted by all of his followers and apologists.

We were privileged to see the Keynsian model at work again when President Obama and Congress passed the Recovery Act in 2009.  Its only problem is that it was an anemic gesture that should have been ten times bigger.  Of course, there was enormous opposition by the usual suspects.  It saved the world economy, but did not set us on a path to prosperity.  FDR experienced the same problem with his initial efforts to save the world from the depression.  It took the the War to seal the deal.

Other examples of public policy that have led to overall prosperity:

Mandatory free public education (mandatory that it must be offered) includes an enormous talent pool whose education has led to unprecedented achievement in all possible ways. Science, technology, arts, global relief from disease and other suffering and even diplomacy that has trumped tribal instincts.  Imagine a world where only Trumps are educated (54% of Republicans think that college education is a bad thing for the nation)

Investment in the humanities.  Where would we be without our culture and entertainment?  (No philharmonic, no Spiderman?

Veterans Administration and the GI bill: the only real compensation given to veterans for their sacrifice.

NASA:Today’s private space enterprise and our private lives owe a debt to public policy (JFK’s moonshot, velcro).

What is common to all public policy is that everyone contributes to it, and everyone is the beneficiary.

Today: Choose carefully with whom you commingle and lend your support – from the I Ching

Choose carefully with whom you commingle and lend your support.  Living with people in close proximity is not the same as sharing their values.  Sociability without undue intimacy is graceful.  It is important to uncover where your associations are undermining your integrity and eradicate their influence.

Read the text from Richard Wilhelm's translation of the I Ching

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Today: Problem is not whether you will live and how rich you can be” Yogi Bhajan

“Problem is not whether you will live and how rich you can be. The problem is how much impact you have, how many legacies you leave, how much grace you show, and how much vastness you experience.” Yogi Bhajan
(via Ram Anand)

 

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Today: Drink from the well – from the I Ching

You may drink from the well unhindered. It is there for all to partake as long as the rope and jug are still in place.  The well precedes and endures beyond all forms of social organization and governance that come and go in time because it serves the deepest needs of humanity.

At the same time, care must be taken that the jug is not broken.  This can happen when artificial constraints are formed and get in the way.  The most common instance is where the few deny access for the many.

It is important at this time for people of great inner wealth to step up and be a conduit for others to tap into that wealth.  If this happens, then abundance is multiplied, serving everyone, including the one who is the conduit.  The path of abundance is the path of a snowball that starts rolling and grows to enormous proportion.  That is the nature of abundance.

Read the text from Richard Wilhelm's translation of the I Ching

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Today: There are two special time zones” Yogi Bhajan

“There are two special time zones, when you have to enrich your mind: one in the morning, from 4am to 8am, and one in the evening, from 4pm to 8pm. These are the natural moments that have a tide of energy within you and without. The sun and Earth have a special relationship and angle at those times that affect your mind and your energy.” Yogi Bhajan
(via Ram Anand)

 

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