Monday, April 30, 2012

firm balance sheet determinism

firm balance sheet determinism
is a product of atomized production systems

the notion too widely  worshipped
we need firms killed off  massively and periodically
 to keep the production and commercial systems healthy

this a   outrageously poor metaphor
in an era of potential hyper credit flow integration

there is much to learn pro and con
from the dot com boom/bust
 about the value of failure in discovering success
at least
in a context of over rich credit flows