Remember the question, “If a tree falls in the forest and there is no one there to hear it, did it really make a sound?” Well of course it made a sound, it fell down didn’t it? Physics doesn’t just apply when you are watching it for goodness sakes.
And so goes math. “If a flawed system fails after I am dead, did it really fail.” You can bet your boots on it, (that’s an old cowboy phrase).
Jamie Dimon is the CEO of J.P. Morgan Chase. Speaking in Aspen, Colorado recently, and to make his point, he asked the participants whether they were “pissed off” about the high price of gasoline at the pump. Most hands shot up.
“YOU HAVE NO RIGHT!” Dimon declared. “We almost deserve it,” he said, because as a country we had dithered for decades rather than transforming our energy economy. “We knew about this in 1974!” he said. The crisis we face now is the result of a “lack of political will.” (I think he meant sending crooks to Congress, but “lack of political will” sounds better).
Jamie Dimon was of course speaking about Marion King Hubbert’s testimony in front of Morris K. Udall’s committee in congress in 1974 that we were fast running out of oil. What Dimon should have said was that we have known about the energy problem since 1949 when the good Dr. Hubbert said, “The fossil fuel era will be of short duration.”
But then, being humans and all, it was easier to consider joining the grasshopper (Congress) and taking the ants food. In case you wonder, those of us in Middle America are the ants.
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