2/4/2011 Portland, Oregon – Pop in your mints…
For anyone who read yesterday's Mint, you will be happy to know that we do not recall any of our dreams from last night. We did, however, send inquiries to members of the Arkansas legislature to see if they could help us interpret our dream about them. We do not anticipate any response but you never know. If anyone can help to explain it we figure it would be them. Please do not ask why we dreamt about the Arkansas Legislature, for we have no answer.
What we can do, however, is to continue to develop our current hypothesis. As you may recall from yesterday's Mint, it is:
"As a predominantly Engineered (Socialist) economy becomes less Engineered and more Organic (Capitalist), it experiences exponentially increasing rates of economic growth. Conversely as a predominantly Organic economy becomes more Engineered, it experiences exponentially decreasing rates of economic growth."
We will define economic growth as an increase in capital goods within an economy. For lack of a better measure, we have looked at year over year GDP growth in the East and the West. We say for lack of a better measure because in the current insane monetary system where debt is money and money is debt, it is arguable that what is measured as GDP growth is actually the rate at which the economy is cannibalizing itself. But that is a subject for a different day.
For the sake of simplicity, we further postulate that the Eastern economies (China, Japan, etc.) more closely resemble "Engineered" or state controlled economies and that Western Economies (US, France, etc.) more closely resemble "Organic" or Capitalist economies. These may not be perfect definitions on a country by country basis but the general distinction between East and West will give us a good starting point in trying to confirm or deny our hypothesis on a country by country basis. Naturally, the US and China, the world's largest trade relationship, should be our first case study.