Forbes columnist identifies a need for new ideas

On the Forbes website yesterday, Melik Kaylan posted an article entitled, "What Decade Are They Living In?" Due to Forbes' stringent copyright rules, I cannot give you so much as a few of his words, so I will have to merely describe the gist of his post.

He seems to be reeling from the plethora of theories, economic and social, which have been tried over the last century and a half, and finds them all to be lacking. There seems to be a regrettable reluctance to really research among the journalist ranks these days, not even to do a couple of quick Google searches. Mr. Kaylan duly repeats some of the basic types of suggested correction (taxation, regulation increases or controls, for example), then asks (rhetorically?), which group of theorists foresaw the collapse of the financial markets.

Actually, Mr. Kaylan, there was a significant number of thoughtful individuals who saw it coming. To put it simply, if you borrow money, you have to pay it back. If you borrow more than you can pay back, you will encounter difficulties. If you leverage your debt on an asset which might depreciate, you are assuming risk. If your potential risk outweighs the likely reward, you are headed for trouble. This rule applies to individuals, families, and governments.

If Mr. Kaylan was hoping for a pinpoint timing of the collapse, well... there are many factors which affect the timing. Whether or not it would happen was never in doubt among those who foresaw it.

The interesting part of the article, for me, came at the very end, when Mr. Kaylan expressed the opinion that we need an entirely new way to think about the world.

Hmm. I wonder what that "new" way might be? How about let's start by accepting God as infinite, and Love, and go on from there?