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Feet On the Ground
by Ohm (centrist)
About The Author
The author is an Engineer by education and functions as a Business Analyst in a leading business organization in the Enterprise Applications & Business Process Platform space. He lives in San Francisco Bay Area with his family. With "Feet On the Ground" he hopes to make a meaningful intellectual contribution to the life and times that he lives in.
All views expressed in the column are strictly the author's individual, personal views. About The Column
"Feet On the Ground" is a column on current economic issues. It steers clear of economic ideologies and dogmas. However, the author does believe that the Government has a role in the economic system that runs in the society it represents. The most important role is to prevent annihilation of the system while getting the best deal for society as a whole. A hands-off approach to a dangerous bubble burst is not supported, rather a managed deflation of the same when possible, so malinvestment is liquidated and Capital reallocated by an assisted, and now wiser, market mechanism.
World May Be Better Off As a Dance of Polarities..
Published: October 19, 2011
..for some time rather than stay a muddle of moderation.The result of the Left-Right schism has been princely priced, publically maintained, Corporate-Wall Street celebrity middlemen, that serve no larger purpose with the welfare they have cornered.
Universal, Quality Education: “Free Is the Enemy of the Affordable”
Published: March 29, 2009
I am opposed to making people start their life with (educational) debt, and stay indebted forever. But going in the other extreme - where the State takes it all - is equally reprehensible. More than that, it is dangerous - for it creates the thought that "Government has taken care of everything". An "easy does it" society is a stagnating society, at risk of uproot, at least being left behind, by others.
'Risk-Sterilization' of 'Pin-Striped' '"Market" Careers' & Its Consequences
Published: March 10, 2009
The current Economic mess is greatly contributed by a hopeless attempt to conjure about a career that pays top dollars and is only apparently rooted in the risk-reward equation that drives Entrepreneurship. It was abetted by our inherent weakness for holding prestigious education with entitled rewards in high esteem, perhaps aspiring to it for our children.
A Taxless Economy Knows Not a Rich Man
Published: March 2, 2009
'Taxation of success towards Public Purpose' and 'Private Enjoyment of Wealth' are two contrasting phenomenon joined at the hip. A tipping of balance in either direction augurs the breakdown of a modern Economic Order.
Loan-Shedding, Own-to-Lease: Financial Stability while Unlocking Demand
Published: February 11, 2009
The biggest, and really the most intended, gain in an "Own-to-Lease" approach to Financial Stability & Reconstruction will be the resurrection of plummeted demand for goods and services. That would help arrest the hemorrhage of jobs. This demand resurrection will not be via more loan-loading on the low income household, rather through the much needed loan-shedding.
Idle Cash Is Devil’s Material
Published: January 27, 2009
Once Again, interest rates have been lowered dramatically and taxes pleaded to be cut. This time too, there aren't enough opportunities in the Real economy. ON TOP OF IT, this time round, there's overcapacity in almost All existing industries. New feasible product ideas in new technology will take their time to surface - to pick up the slack in both mainstreet investment opportunities and employment. Meanwhile, there is the "Rain of Money" waiting to right-time its ruinous dance. What we need is a well thought out "Rein ON Money"
Big & Sweeping Action: Indeed, But It's a Vector!
Published: January 25, 2009
"Big" can yield huge consequences, of either type - Good or Catastrophic, depending on the details. The Big & Bold should be articles of willingness even as the effort should really be on size-control, focus, right-direction and effectiveness. A Govt. spun business-like Good Bank might be a much better idea than a Bad Bank. It would be a bank NOT rooted in the aim of artificially keeping a banking institution alive, yet ensure that a viable Banking SYSTEM comes forth from the cleanup. Among other things, Revisiting a key common actor in the recent bubbles opens up new directions and thoughts.
Economic Recovery Mission & Tax Cuts Just Don’t Mix!
Published: January 24, 2009
A repeat investment into social sector is required today, Recession or No Recession. Doing it NOW further helps stem the imploding cycle of jobs losses. It's hypocrisy to say "These Projects are robbing from Our Kids", yet vote for them stapled with across-the-board tax breaks.
Why Not “Give Up” on Housing (Bull market) Resurrection?
Published: January 22, 2009
Instead of pumping gazillions into the hazardous vision of reinflating the asset prices, perhaps the right approach is to facilitate housing find its true bottom, while quasi-protect the bank. By the very nature of the security in the housing loan, only around the bottom will banks begin to finance housing again in a big way without asking for an Unreal Downpayment or Astronomical Interest Rates
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