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	<title>Comments on: More on the Methadone Economy</title>
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	<link>http://www.whytheheck.com/2009/04/13/more-on-the-methadone-economy/</link>
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	<pubDate>Sun, 20 May 2012 12:43:22 +0000</pubDate>
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		<title>By: ANOTHER ROUND OF STIMULUS? PROOF THAT WE ARE IN A &#8220;METHADONE ECONOMY&#8221; &#124; ThinkOOB</title>
		<link>http://www.whytheheck.com/2009/04/13/more-on-the-methadone-economy/comment-page-1/#comment-963</link>
		<dc:creator>ANOTHER ROUND OF STIMULUS? PROOF THAT WE ARE IN A &#8220;METHADONE ECONOMY&#8221; &#124; ThinkOOB</dc:creator>
		<pubDate>Sun, 13 Dec 2009 12:01:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.thinkoob.com/?p=529#comment-963</guid>
		<description>[...] http://www.thinkoob.com/2009/04/13/more-on-the-methadone-economy/   Share This Idea: [...]</description>
		<content:encoded><![CDATA[<p>[...] <a href="http://www.thinkoob.com/2009/04/13/more-on-the-methadone-economy/" rel="nofollow">http://www.thinkoob.com/2009/04/13/more-on-the-methadone-economy/</a>   Share This Idea: [...]</p>
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		<title>By: drzee2003</title>
		<link>http://www.whytheheck.com/2009/04/13/more-on-the-methadone-economy/comment-page-1/#comment-797</link>
		<dc:creator>drzee2003</dc:creator>
		<pubDate>Wed, 13 May 2009 11:45:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.thinkoob.com/?p=529#comment-797</guid>
		<description>Here's what I think. When Greenspan used the term "irrational exuberance", he was actually capturing the essence of what was going on. Most behavioral economics have everything to do with the heart and often very little to do with rational thinking. If we were rational about money, there would be no bubbles, no Ponzis, no Madoffs, no bankruptcy, no golden parachutes,, no yearning for Louis Vuitton, Rolex, yada yada yada. No one would sign up for a mortgage they could never pay back, or pay someone more money than the GDP of Lithuania. No one would think its a good idea to plunder our healthcare dollars to do occupational therapy with the terminally ill, or mechanically keep someone alive, who in reality (rationally) ain't.

People will more readily spend quarters than break a five dollar bill. This is not based on anything reasoned or rational, but because there is an illusion that we are spending less. People who save compulsively do so out of an irrational fear. People who spend compulsively do so out of a different kind of irrational thinking. 

This is why we need Heroin and end up in a methadone economy. Our irrational thinking gets us into trouble we would never experience if we did all our thinking with our head. Unfortunately it is our human condition that keeps getting us into trouble, individually and collectively.

And I think your blog blares this fact, outlines it in ways people can understand. It's not so much thinking outside the box as it is thinking inside the cranium. You have found a
way to appeal to people at a time when thinking outside the cranium has been disastrous.</description>
		<content:encoded><![CDATA[<p>Here&#8217;s what I think. When Greenspan used the term &#8220;irrational exuberance&#8221;, he was actually capturing the essence of what was going on. Most behavioral economics have everything to do with the heart and often very little to do with rational thinking. If we were rational about money, there would be no bubbles, no Ponzis, no Madoffs, no bankruptcy, no golden parachutes,, no yearning for Louis Vuitton, Rolex, yada yada yada. No one would sign up for a mortgage they could never pay back, or pay someone more money than the GDP of Lithuania. No one would think its a good idea to plunder our healthcare dollars to do occupational therapy with the terminally ill, or mechanically keep someone alive, who in reality (rationally) ain&#8217;t.</p>
<p>People will more readily spend quarters than break a five dollar bill. This is not based on anything reasoned or rational, but because there is an illusion that we are spending less. People who save compulsively do so out of an irrational fear. People who spend compulsively do so out of a different kind of irrational thinking. </p>
<p>This is why we need Heroin and end up in a methadone economy. Our irrational thinking gets us into trouble we would never experience if we did all our thinking with our head. Unfortunately it is our human condition that keeps getting us into trouble, individually and collectively.</p>
<p>And I think your blog blares this fact, outlines it in ways people can understand. It&#8217;s not so much thinking outside the box as it is thinking inside the cranium. You have found a<br />
way to appeal to people at a time when thinking outside the cranium has been disastrous.</p>
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		<title>By: boobama</title>
		<link>http://www.whytheheck.com/2009/04/13/more-on-the-methadone-economy/comment-page-1/#comment-781</link>
		<dc:creator>boobama</dc:creator>
		<pubDate>Wed, 29 Apr 2009 16:19:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.thinkoob.com/?p=529#comment-781</guid>
		<description>He lacks the cohones to go green if it means raising taxes on carbon</description>
		<content:encoded><![CDATA[<p>He lacks the cohones to go green if it means raising taxes on carbon</p>
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		<title>By: next</title>
		<link>http://www.whytheheck.com/2009/04/13/more-on-the-methadone-economy/comment-page-1/#comment-777</link>
		<dc:creator>next</dc:creator>
		<pubDate>Tue, 28 Apr 2009 17:36:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.thinkoob.com/?p=529#comment-777</guid>
		<description>this is the perfect excuse to change the whole economy and go green</description>
		<content:encoded><![CDATA[<p>this is the perfect excuse to change the whole economy and go green</p>
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		<title>By: heroinjunkie</title>
		<link>http://www.whytheheck.com/2009/04/13/more-on-the-methadone-economy/comment-page-1/#comment-776</link>
		<dc:creator>heroinjunkie</dc:creator>
		<pubDate>Mon, 27 Apr 2009 19:21:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.thinkoob.com/?p=529#comment-776</guid>
		<description>\This is where this term originated?  I thought I made it up and then I went to google.  This could catch on</description>
		<content:encoded><![CDATA[<p>\This is where this term originated?  I thought I made it up and then I went to google.  This could catch on</p>
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		<title>By: jacqueline</title>
		<link>http://www.whytheheck.com/2009/04/13/more-on-the-methadone-economy/comment-page-1/#comment-774</link>
		<dc:creator>jacqueline</dc:creator>
		<pubDate>Thu, 23 Apr 2009 15:20:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.thinkoob.com/?p=529#comment-774</guid>
		<description>the cap and trade should help promote green technology but I don't see which industry is going to lead us out of the methadone economy</description>
		<content:encoded><![CDATA[<p>the cap and trade should help promote green technology but I don&#8217;t see which industry is going to lead us out of the methadone economy</p>
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		<title>By: mikekearing</title>
		<link>http://www.whytheheck.com/2009/04/13/more-on-the-methadone-economy/comment-page-1/#comment-770</link>
		<dc:creator>mikekearing</dc:creator>
		<pubDate>Tue, 21 Apr 2009 16:10:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.thinkoob.com/?p=529#comment-770</guid>
		<description>what you said here just happened yesterday.  Yesterday was the day the rest of the world figured this out.  what are we going to do about it?</description>
		<content:encoded><![CDATA[<p>what you said here just happened yesterday.  Yesterday was the day the rest of the world figured this out.  what are we going to do about it?</p>
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		<title>By: economistintraining</title>
		<link>http://www.whytheheck.com/2009/04/13/more-on-the-methadone-economy/comment-page-1/#comment-769</link>
		<dc:creator>economistintraining</dc:creator>
		<pubDate>Mon, 20 Apr 2009 13:02:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.thinkoob.com/?p=529#comment-769</guid>
		<description>scary but logcial.  People have less money and they are spending less of it so it is hard to imagine anything but more stimulus to keep the economy afloat</description>
		<content:encoded><![CDATA[<p>scary but logcial.  People have less money and they are spending less of it so it is hard to imagine anything but more stimulus to keep the economy afloat</p>
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		<title>By: bceconomist</title>
		<link>http://www.whytheheck.com/2009/04/13/more-on-the-methadone-economy/comment-page-1/#comment-767</link>
		<dc:creator>bceconomist</dc:creator>
		<pubDate>Mon, 20 Apr 2009 01:26:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.thinkoob.com/?p=529#comment-767</guid>
		<description>if your postings ever got out, meaning if anyone other than the same people ever read them, the stock market could take a tumble.</description>
		<content:encoded><![CDATA[<p>if your postings ever got out, meaning if anyone other than the same people ever read them, the stock market could take a tumble.</p>
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		<title>By: nobama</title>
		<link>http://www.whytheheck.com/2009/04/13/more-on-the-methadone-economy/comment-page-1/#comment-766</link>
		<dc:creator>nobama</dc:creator>
		<pubDate>Sun, 19 Apr 2009 12:21:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.thinkoob.com/?p=529#comment-766</guid>
		<description>watch--he'll keep us on Methadone and grow the government</description>
		<content:encoded><![CDATA[<p>watch&#8211;he&#8217;ll keep us on Methadone and grow the government</p>
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