Sunday , November 24 2024
Home / Mike Norman Economics / Clint Ballinger — 1000 Castaways, Chapter 1: System One

Clint Ballinger — 1000 Castaways, Chapter 1: System One

Summary:
"A FLEET OF A THOUSAND COLONISTS are blown off course for weeks by a series of violent cyclones, eventually crashing onto the reefs of a large uncharted island. All of their ships and provisions are lost to sea. They wash ashore, all surviving the stormy night. As morning breaks they begin their search for water and possible food sources."The survivors struggle in this foreign land at first. They collect crabs at the rocky tideline, forage along the dense forest-edge, and weave simple palm leaf baskets to collect the many unidentifiable fruits they find in the forest. Eventually they begin to be more successful at fishing and manage to get some shoots of wild yam-like tubers to sprout in small raised-mound gardens. Eventually they begin to have enough food and to build stronger, larger,

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister

Lars Pålsson Syll writes Ekonomisk politik och finanspolitiska ramverk

Lars Pålsson Syll writes NAIRU — a harmful fairy tale

Lars Pålsson Syll writes Isabella Weber on sellers inflation

"A FLEET OF A THOUSAND COLONISTS are blown off course for weeks by a series of violent cyclones, eventually crashing onto the reefs of a large uncharted island. All of their ships and provisions are lost to sea. They wash ashore, all surviving the stormy night. As morning breaks they begin their search for water and possible food sources.

"The survivors struggle in this foreign land at first. They collect crabs at the rocky tideline, forage along the dense forest-edge, and weave simple palm leaf baskets to collect the many unidentifiable fruits they find in the forest. Eventually they begin to be more successful at fishing and manage to get some shoots of wild yam-like tubers to sprout in small raised-mound gardens. Eventually they begin to have enough food and to build stronger, larger, and more permanent shelters. In time they have enough goods to live in relative comfort..."
1000 Castaways, Chapter 1: System One
Clint Ballinger
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *