Small silhouette of Doug Wolkon WELCOME TO PLURANOMICS, THE ECONOMICS OF MANY.

Local

A New Economic Paradigm

Hanalei Valley, Kauai

What if there was a move we could all make that would redirect and dramatically improve our economy? In the game of chess it would be like taking your opponents queen out of nowhere or even a checkmate while being down several pieces.

I mean, at any moment, doesn’t the economy have a chance to boom, just like it does bust? So what if there was one move we could all make that would allow a boom, as opposed to a bust. A game changer to create a new economic paradigm. So what is it? Well, for each one of us the strategic move may be a little bit different, but conceptually it is the same for all of us. WE MUST INVEST OUR SAVINGS DIFFERENTLY.

So let me try to explain our next move. And let me please say that I hope you act to spread the word so that we can change the economic system that currently feels so vulnerable. Let me also remind you, this is a private sector solution, by the people, for the people, driven by the private markets. In other words, we the people have the resources and we don’t need permission to do this – just action.

What in the world are you talking about? One move to change our economy? I will now try to explain. For example, lets take the State of Wisconsin Employee Retirement Funds. What could they do to better their economic situation, even maybe create boom time for themselves and the people of Wisconsin?

First as pertinent background information, did you know that the State Employee Pension Funds are by far the richest entity in the State of Wisconsin – yup, that’s right, they invest $82+ billion dollars and have more cash in their bank account than anyone in the State of Wisconsin. I bet they and so many other Public Pension Funds didn’t even realize that, and maybe thats why they are investing their hard earned savings unconsciously, without sound reason, allowing it to leave the State economy of the very people that it is intended to benefit. And maybe that is why they mistakenly act like they are the poorest, always worried about their future obligations not being met, and forgetting to invest their riches in their present-day, real Wisconsin economy for the benefit of their own well-being. The retirees in Wisconsin can no longer afford to passively invest their retirement savings in other States or Countries through national and international investment markets. They must actively invest their $82+ billion dollars in the local State economy to become the biggest real estate owner, renewable energy utility and entrepreneurial lender in the State of Wisconsin – and QUICKLY! Continued »

Localism: County Style

Just got back to Kauai after a 2-month trip to the U.S. Mainland. I had not been back to the Mainland but for a few weeks over the past year. In any case, there was one idea that I could not drop throughout my 2-month economic study, during which time I visited several Counties, including 12 days in Broward County, FL;  13 days in Palm Beach County, FL;  a few days in Westchester County, NY;  10 days in Fairfield County, CT;  5 days in Suffolk County, MA (Boston);  and 6 days in Jefferson County, CO;  and finally back to Kauai County, HI.

The idea was a Local Investment Fund, with all the power and might of a national or international private equity fund; but funded by the residents of the County and for the benefit of the County. The Fund would be investing in high-yield real estate and renewable energy assets that a local investor could touch and feel as opposed to the digital or virtual investment world where most of us currently have all our investment eggs.

Jungle Cottage

“Counties!”  I first realized it while staying in my jungle cottage within the concrete jungle of Downtown Ft. Lauderdale. Yes, it would be the Counties that would lead America through the Economic Revolution; the Counties, who are unencumbered by the high debts and expenses of our other authorities including towns, cities, states, and federal governments. Huh, Counties. What in the world are you talking about?

Lets use my former, Fairfield County, CT, which maybe the wealthiest County in America – a place where many billionaires and thousands of millionaires call home; Say that the residents (rich and poor) of Fairfield County allocated just 5-10% of their savings towards a local investment fund, which invested in local assets that an investor can touch and feel. This strategy would be executed at a time when real estate is having a fire sale. First, with billions and billions of dollars to invest, such an investment fund would ignite the Fairfield County economy, spurring job growth, creating competition in the energy markets, and replacing out of town or absentee landlords with a locally-minded investor fund.

As I travelled from County to County, my vision only became clearer in my mind. This will be the first of many blog posts on this topic among others, as this Mainland trip certainly got my juices flowing. With bond yields rising and inflation in the air, the time is now for Localism to take hold – County Style!


Solar Currency

“Businesses Barter For Renewable Energy”

A New Local Investment and Credit System designed to grow renewable energy and strengthen local economies.

Continued »

Poetronomics

A falling knife cuts scrambling hands,
Crushing greed in its path, it makes it’s demands. 
A powerful force exposes weak links, 
Revealing the financial elitists’ calculating winks.
We believed the full story, the old American Dream,
Now fumble for truth beneath the whole scheme. 
What if we woke up to our foolish ways? 
Seeking a simpler life for tomorrow’s days. 
Stop saving money for a wishful life ahead, 
We’ll live for today and retire when dead. Continued »

Economic Detox

So what is an Economic Detox? Raw green vegetables consumed through a straw is the food equivalent. Think diarrhea. I know what you are thinking, “yuk”. But as Wall Street has learned the hard way, we have no choice in the matter. Our economy is detoxing whether we like it or not; dropping our excess weight in order to regain our balance; flushing our obese corporate and government costs down the toilet in support of the long-term prosperity of the quicker, lighter, faster and more profitable Mom and Pop entrepreneurs. Continued »

Taking Out the Trash

Given the poor state of the economy, isn’t it inevitable that the system for trash removal commonly referred to as “Pay As You Throw” is soon coming to a theater near you? So what happens when our cities and towns charge us individually by weight and/or size for the trash we produce?

Think about how much trash is being imported into your city everyday, only to be removed and sent to never never land the next day. The inefficiency of such an economic system is soon to be confronted. We have no choice. Our cities and towns can no longer afford to just turn the cheek and waste all that energy. Continued »

Will Someone Please Count The Money?

So how much paper money is out there anyway. Does it matter that every time The Wizard of Oz (The Fed/government) decides to bailout a financial institution like Bear Stearns, Lehman, Fannie or Freddie, they have to print more and more money. What is behind this printing of money and how do they do it? Continued »