INSPIRATIONAL QUOTES.PART 3

distinguished in whatever we do without getting our priorities right.We have an equal chance like archimedes to stand on the mountains of himalayas and the everest to change the world.The dignity of labour like the dignity of destiny does not afford us such uncommon fortune.
It may take a thousand years to master that monument unless we are adequately informed and amply predisposed to master the optimal benefit of strategy management and execution over a given vantage point of expertise,we might not be so lucky to reach in due time our much vaunted wits ends.Time investment can be wisely and profitably invested on good habit,a fertile soil for rapid returns.
With such credible investment,time does fly away in vain without reward for the time investors.A good habit formation both maximises the quality of empiricism and time investment and it properly indicates a purposeful life.A good time investment speaks positively of a good history and a good education properly left behind,to be emul

ated by successive times.

INSPIRATIONAL QUOTES.PART 2

To be informed first and foremost is to stay dumb,foolish and sedate.Experience makes you a man,it also makes a man master of himself,his environment,the art of accomplishment,time investment and govern his relationship with externalworld.It can at the same time effectively and sufficiently enhances your manly capability to negotiate away failure to incur your timelyneeded success.
When you see the handwritten on the wall including the graffittis,you tend to change your decision.Time investment is a continuos process with the sole intention to maximise strategic means to accumulate new knowledge norms and values that feed your empiricism.It does not work in isolation without being fed by your work practice and workroutine.
To those given to intellectual development and the prejudice of smart workroutine,time investment suspended over the course of labourious hours optimises new figment of empirical methods.We cannot be known by doing the same thing over time nor any chance of being prominent or exceptionally

INSPIRATIONAL QUOTES.PART 1

You can climb the mountains of awe and fear with the valleys and cliffs of uncertainties lying sedate beneath your footsteps.There is always a tested formula and well knit success principles for every accomplishment and the only challenge is how to find them.The material progress of the mind cannot be detached from the superlative action you take and the progressive impact they make in your immediate world and beyond.
We know success principles already by their fruit and they are not farfected enigma that we cannot uncover and master.Tested formula begins with mentorship and ends with mentorship and much more expedient to learn from the expertise of succesful people.
The path to glorious accomplishment can be gleaned in most cases from valiant action and empirical administration of succesful people.When you learn by examples,you lead too by examples someday.You should never contemplate denial of good purpose and condone procrastinate of good action.Our timely actions are the roadmap

and thelivewire of succesful accomplishment

A NATURE'S TRIPS.PART 20

The forester's wingspan winkled and winkled windswept and windward,invariably winces winched at nature's wondrous windowdressing to quell his willies and somewhat willothewisped willynillies.Now the wilderness wildcat whooping wiggled wideeyed like wildfire at the whit of widgeons and waterbirds avalanche in the wild as they sow their wild oats,peradventure for the whirligig of whist drive.Not the wetblanket to whack the ecosystem,with abracadabra of the hunting expedition,werewolf instantaneously to disguise his wellknit Weltanschauung as wilderness welter.It was the waterborne trade of flamingos,puffins,swans,mallards,coots,storks,herons,gulls,pelicans,penguins,moorhens and the cormorants,wallowing and splattering water for sport,in the fast encroaching wallah's owlish eyes.They waltzed like waifs and strays with minacious waggles from the Wading birds,the vultures rampaging for herons and cranes as fodders and birds of prey.The werewolf combatant flexed the wading birds,vermins of the hebron's ecosyste

m

A NATURE'S TRIPS.PART 19B

pecking the leaves daintily,flit they from startled night.Now doth he slumber in the improvised summerhouse,in the wild,with the moonbeam parting rays,sinking behind hills lonely spray carols by lovely Whippowil,over yonder wood crowned hill its curtain twillight drops,softly over fields to hear Whippowil sing.His song bed veiled dusky with music throbs and thrills adorns the nightways with warm and musky,over meadows fluting cry ghostly grim startling,charmed out of twilight esoteric dim,solemn laybirds,lay lonesome in joyless ni

ght.

A NATURE'S TRIPS.PART 19A

The White Owls in belfry sits,velvet pinions,darkened flight,lived in the hollow trees,supreme monarchy of the night amidst the black yews shelter,nestled in a row,immovable perch chirps the morose away of the fallen sun.Oracular Owl sits on a limb,the brown owl in the ivy bush,horny beak beneath he cowls.In the hollow trees,doth he lived,the spectral owl despised in the sunshine hour.Sweet Suffolk Owl,so trimly dight adorned with feathers animated the forester's odysey.A weary woodman crossing the crowded furze heath,rocking homeward and the Owl's cry,whewing in circling whirls alight him to hear the whizzes and rustling ling of thetimbrous tread,trampling beneath the squatting thorn andlonely spot teases that spurredthe jarring noises of the night.From the insensate plow to the mottled morn,horror voices utter with naivety,the oracles of distant clouds.O Patridges,o patridges,beneath the alders,beneath the hemlocks,across the brooks and hills,furtive gazes and pompous plummage and peregrinatory tentacles

A NATURE'S TRIPS.PART 18

could abash little birds,plumpy,fatty,slekky pompous with meddled sighs,hardworked oxen maimed grits,Carrion in the palace of skulls,crown's splinters enthroned on scaffold bones,chirping birds in golden feathers,in rain soaked awesome weathers.Solitary flight faintly,dizzying height,like towers and molehills,sure like emmets in sunsets sky.Stormy petrels,a thousand miles from land,roaring seas tossing,billow to billow cast,fleecy snow on stormy blast,scattered sails like weeds,quivering reedlike shaky masts.Seabirds that float upon the waves,the juvenile Sea-mew on waters blue dreaming,the Seagulls with stormy wings,gray spirit of the seas,turpedo of wild waters,neath the sky tumult plumes gray wing roaming,trouncing distance from Ocean's dimness to lone water ways cliffs empurpled cerulean bays,rocking cavern emerald gleam,cartest souls of halcyon days away.Not pine away little beachbird eclipses,with melancholic voices,boding cry in the flying waves,bade farewell to fairland in rejoices.Gust of the winds.

A NATURE'S TRIPS.PART 17

and forlorn seas could not contain them.Golden rings on clever faces,incandescent feathers,restless hearts,parakeet all day chatter.The sparkling deers on the slope of summer morning mist,blithe birds wraith in golden lightning of clever sunken sun,over bright'ning clouds,pale purple melts circling this golden flights,heavens stars in broad daylight,shrill delight with keen arrows of the silver moonshine,gravid spheres,intense lamp narrows in white dawn clarity of dearest sunken earth and lonely clouds.Heavenly beams of the moonrains,singing hymns in gliding rainclouds,roses embowered in green leaves,deflowered warmwinds,vernal showers trinkles on twinkling grass and rain awakened flowers,fountains of happy strains,languous clangor of the waves and refurbished sky,keen pyrotechnics of sublime wedge,dust pavillion,serpent gleams on sunny mountains,hideous light in tempestuous glitters.Harmonious laughter of the woods,screams at the klieglight and shadow of this sleeping satiety.Sweetest gale on storm's sore

A NATURE'S TRIPS.PART 16

Crooked hands cringing upon the mountain walls,ringed with caged birds,in Sun's lonely land,rose again the deadwood gallivant,beneath him crawls the wrinkled seas and thunderbolt falls,nether caws purloined by thunderstorms of the azure castles and caves walls.This pure brows of mysterious glimmer steams.Fairy little elf,awkward rosy nose and floppy cap upon this boodle,whiteeyebrows flaring over jaunty steps across bonfire glow of muddy pond,golden gleam,his sentinel cast down the coarse darkwood,sunk heartaches,dull opiate of the numbed pangs,drains melodious promenade of beechen greenfields and numberless shadows,purple stained pale of the haply queen moon,embalmed verdurous blossom and winding thicket of the grassy fruit tree wild,pastoral eglantine,white hawthorn and faded violets,muskyrose,endeared to orchard and dewy wine of groaning flies fret upon summer eves.And to sing,they sing,ears in vain,a sod high in their requiem,to which his songs sing and jubilant as the old sleigh bells.Forlorn lands and

ECLECTICS:WHAT DID WE LEARN FROM KEYNES?PART 28

tends to guide his expectation theory.Nevertheless,Keynes revolutionary ideas ushered the world economy into golden age of capitalism which formed the basis of post war institutional structural transformation,driven by the political,economic and market incentives of the period.Whereas Hayekian philosophy of neoliberalism took off in the seventies,driven by the rise financialisation and globalisation of the later period.I do not disagree the shift from keynesian consensus of the 40s,50s and 60s of the post war era into the Reaganomics vs.Thatcherite era of monetarist consensus of the 80s and 90s onward or such pendulum swing was the handiwork and global influence of Friedman vs Hayek's intellectual society cabal.The rebirth of ideological victory of market neoliberalism was born out of golden necessities of the period.We cannot forget the sullen part either,the epileptic performances of multinational financial institutions,architect of great contraction crisis including the foundational ideas of this cabal.

ECLECTICS:WHAT DID WE LEARN FROM KEYNES?PART 27

placed emphasis on the motivation and intentionality of the human agency.However they entertained divergent credence on how the explanation of thought and action are contrived in economics including beliefs or how their conceptions are formed.Hayek based his explanation on the evolutionary theory of human psychology,Keynes based his viewpoint in probable reasoning to govern belief formation,specifically where probability is a logical concept.Individuals act rationally following rules in a psychological premise and Hayek also maintained that conventional expectations as the basic guide for agents in economic life.Keynes agreed conventional expectations truly guide economic behaviour,but justified only in position of total ignorance.In this context or condition,agents tend to based their actions in reasonable expectation freed from conventions.Hence,it is expedient for mordern institutions guiding economic policy to avoid the negative consequences of such conventional pitfalls.The theory of logical probability

ECLECTICS:WHAT DID WE LEARN FROM KEYNES?PART 26

And obscurity,he went back to the theory and used them as point of defense in 1930s.He was later awarded a nobel in economics in the 70s,for the contribution he made to business cycle theories in the fields of economics.Hayek later returned to Friedman his friend and rival and reexamined Ropke's case with special treatment concluded and finally rejected the position.For goodness,why did Hayek change his mind,upon consultation with Friedman?Methink,Keynes ideas was truly revolutionary and unparallel.Hayek's business cycle theory posit that unsustainable boom defined by the lengthening of capital structure can be generated by a loose monetary policy stance.Still its nebula had refused to ebb among economists,due to empirical disconfirmation,with the intention to graft it with eclectics of keynesianism or monetarism to make it relevant to mordern macroeconomics.Both economists detested empiricist approaches to economics with priority assignment to mere observation as cardinal source of knowledge.Both also placed

ECLECTICS:WHAT DID WE LEARN FROM KEYNES? PART 25

The most publicised publicity stunt and most popular intellectual fight in the fields of mordern macroeconomics was a lifetime ideological rivalry of between John Maynard Keynes and Friedrick Von Hayek for which we produced an appetizer to round up this treatise.They both extremely differ in thought by time and space.Both provided exposition and solution to the critical challenges of the great depression.Although he was not popular like his rival,Hayek hardly changed his business cycle theories during the depression.As far as keynes was concerned,he observed that the depression was caused by too much saving over investment,for which Hayek bickered.But insteadwas caused by excess of investment over savings.Whereas Ropke as early as 1930s attempted that synthesis,had posited that too much investment or over investment can degenerate into recession as in 1929 into depression triggered by oversaving.He at first scrutinised Ropke's theory for clarity and later rejected him.But after years of years of silence and

ECLECTICS:WHAT DID WE LEARN FROM KEYNES?PART 24

and wages basically tend to be rigid,with the plausible outcome that quantity of output tends to adjust to shift in aggregate demand changes more than prices.Whereas the old keynesians assumed the stickiness of wages and prices,where the new keynesians have modeled explanation and the reason behind the expectation of this price and wage stickiness based on rational behaviour of economic agents like firms and individuals.The stickiness of prices driven by menu costs which are incurred when businesses change prices as compared to stickiness of wages tied to long term labour contracts.Wages are set and driven by longterm considerations,on the basis of implicit contracts theory.I wrote alot about John Maynard Keynes,the father of macroeconomics in my longest macroeconomic treatise"MACROECONOMIC THOUGHTS"written in series still running that you can refer to and i will like to end this tedious piece with the most famous fight in mordern economics,precisely the rivalry between Friedrick Von Hayek and J.M. Keynes.

ECLECTICS:WHAT DID WE LEARN FROM KEYNES?PART 23

on the monetary and fiscal policies to close inflationary and recessionary gaps.This they argued because the model used sometimes barely recognised that the microeconomic choices by various economic agents like firms,individuals etc were more or less influenced by government policies.To formulate their own rational expectations will contrast sharply government attempt at using stabilization activist policies.A new group of new classical macroeconomists like Leyland and Edward Prescott in their Real Business Cycle models postulated that shifts in the aggregate supply curve are catalyst behind business fluctuations.They noted some important factors responsible for the changes and shifting in aggregate supply curve such as technology like new products,new raw material sources and new methods of production,good or bad weather.They placed less emphasis on monetary policy,that changes in the money supply is caused by changes in real GDP.Now the new keynesians like old keynesians assume that in the short run,prices

ECLECTICS:WHAT DID WE LEARN FROM KEYNES?PART 22

predominated 40s,50s and 60s a period in which government utilised tax reform to grow public spending to drive up velocity in economic growth and was counterproductive in the 70s.The keynesian philosophy by the mid-60s was seriously been challenged by the monetarists who placed more emphasis on monetary management.The monetarists gained followers by the late 60s due to accurate prediction of hydraheaded stagflation by its exponent even before it was fully dissected and deciphered by orthodoxies.The growth in the followership of the later school was also linked to two factors.They include the persistent delays in promulgating tax legislation and the later failure of tax increase of 1968 to positively impact much restrictive effect on the GDP necessitated its abandonment and doubt over its efficacy.The emergence of Robert Lucas and the so called league of New classical macroeconomists in the 1970s attacked both demand side and supply side economics.It argued that government cannot placed much emphasis on the

ECLECTICS:WHAT DID WE LEARN FROM KEYNES?PART 21

was thought every society could bargain the right size of economic growth,it desired by equally manipulating policies to give the rightcombination of unemployment and inflation to attain this desiredgrowth.The deployment of effective macroeconomic model made the goal much more effective to attain rather than mere palliative use of institutional policies deployed to the wits'end.Simple and straightforward keynesian logics provided the solution:tax less and spend more in an occasion of sluggish productivity and unemployment.Tax more and spend less,with the policies,moving in anticlockwise direction.The stagflation worried the 70s and the early 80s.The keynesians generally by their tradition have placed much more emphasis on fiscal policy than the monetarists belief,enjoyed debates in discretionary public spending and government intervention as key to economic stability.It was well timed to solve the depression problems and often regarded keynesian economics as crisis economics or depression economics.It truly

ECLECTICS:WHAT DID WE LEARN FROM KEYNES?PART 20

The Stop-go monetary policy of the period,though had since been discontinued was responsible for growing prices even in the face of lowered Federal reserve fund rate and inflation grew to 13.3percent by 1979.Paul Volcker,successor to Arthur Burns at the Fed.jerked it up to 20percent in 1980.Consequently set the stage for the emergence of Reaganomics of the period and there was 25percent personal income tax cut that paved way to the biggest peacetime economic historic expansion.It truly ended the stagflation and inflationary anxiety since the 50s.The relationship between the rate of inflation and the rate of unemployment enjoyed close affinity during the early 50s and 60s and it led to a proposition what they called modified Philips Curve.That by the use of stimulative monetary and fiscal policies,a society could reduce unemployment rate say down to 4percent from 6percent but at the cost of buying a 2percent increase in inflation rate.Although it no longer seem to hold waters,in contrast to the period when it