Irrational Behavior & The Fiscal Cliff

I’m a sociobiologist, so whenever I see irrational behavior, I reflexively look to our prehistoric history for an explanation. And when it comes to the fiscal cliff and other cliffs like it, I don’t have to look far.

We are, by virtue of nature’s roll of the dice, an organism at war with itself. The vestiges of ancient genetic imperatives — territoriality, dominance, hoarding, fight and flight — clash with our ability to look ahead and take action to avert calamity. What? You thought our problems were political? Rooted in economics? Caused by inept leadership?

Welcome to the club.

Somewhere along the line, talking heads, politicians and experts decided that every problem we face is caused by politics and economics. So the only solutions we hear about are along these lines. In other words, a kind of narrowing has taken place: We blame our government, we blame the economy, we blame foreign competition, we blame Wall Street and big business.

But consider this: Every country in the world is struggling with a similar list of problems — job creation, wild fluctuations in financial markets, climate change, clean water, terrorism and so on. And yet, they each have their own political and economic systems, as well as vastly different cultures. At some point, a light bulb ought to go off. The reason the cliffs keep looming, one after the other, isn’t just politics or economics. What we have is a species-wide problem.

So, for the sake of science, let’s put what we know on the table.

Long before we developed a frontal cortex — the CEO of our brain, which enables us to generate accurate scenarios, prioritize them in order of likelihood and circumvent dangerous long-term outcomes — we, like other creatures, survived by relying on embedded instincts, such as fight or flight.

As best we can tell, our frontal cortex began expanding 3 to 4 million years ago, around the time we became bipedal. It grew so fast that it now occupies about a third of our gray matter, equipping us with foresight and ingenuity that no other species on Earth comes close to. And it is this remarkable asset — the ability to preempt danger — that has been largely responsible for catapulting humans to the top of the living world.

Yet, time and time again, we surrender to the lowest instruments of our genetic inheritance. Instead of applying rational thinking, which has been millions of years in the making, we surrender to bickering, blaming and boasting as we sail toward the edge of this, or some other, cliff. In the words of famed sociobiologist Edward O. Wilson, “We have Paleolithic emotions, medieval institutions and God-like technology.” He concluded his 2009 Harvard lecture by remarking: “And it is terrifically dangerous.”

Wilson is right.

Based on this simple biological truth, we can predict with some certainty that our leaders will follow the example of the Mayan, Roman and Khmer civilizations, and more recently, Greece and Spain: They will run the clock out. When the cliff is upon us, and our hearts pound and our bodies fill with ancient chemicals, we will spring into action with the same urgency we have when encountering a snake in our path.

A Fiscal Cliffhanger?  Of Course, It's In Our Nature.
by Rebecca Costa
http://www.washingtonpost.com/opinions/of-course-were-at-a-fiscal-cliffhanger-its-in-our-nature/2012/12/14/546bfee2-449a-11e2-8061-253bccfc7532_story.html

Why Is Japan Obsessed With Kentucky Fried Chicken on Christmas?

http://blogs.smithsonianmag.com/food/2012/12/why-japan-is-obsessed-with-kentucky-fried-chicken-on-christmas/?utm_source=smithsoniantopic&utm_medium=email&utm_campaign=20121216-Weekender

Paul Salopek to Walk 7 Years Around the World

http://www.pbs.org/newshour/rundown/2012/12/the-seven-year-sitch-telling-a-story-in-21000-miles.html

10 Questions to Ask the Important People in Your Life

1. What are some of the most important lessons you have learned in your life?
2. What kidn of advice would you have about getting or staying married?
3. What kinds of advice do you have about raising children?
4. What advice can you share about finding fulfilling work and how to succeed in a career?
5. Difficult or stressful experiences can yield important lessons.  Is that true for you? Can you give me examples of what you have learned?
6. Do you see any turning points - key events or experiences - that changed the course of your life?
7. What would you say you know now about living a happy and successful life that you didn't know when you were age 20?
8. What would you say are the major values or principles that you live by?
9. Have you learned any lessons regarding staying in good health?
10. What advice would you give to people about growing older?

Source: 30 Lessons for Living: Tried and True Advice From the Wisest Americans, by Karl Pillemer

The "Platinum Coin Option" & The Debt Crisis

Thanks to an odd loophole in current law, the U.S. Treasury is technically allowed to mint as many coins made of platinum as it wants and can assign them whatever value it pleases.

Under this scenario, the U.S. Mint would produce (say) a pair of trillion-dollar platinum coins. The president orders the coins to be deposited at the Federal Reserve. The Fed then moves this money into Treasury’s accounts. And just like that, Treasury suddenly has an extra $2 trillion to pay off its obligations for the next two years — without needing to issue new debt. The ceiling is no longer an issue.

Could the 'Platinum Coin Option' Sovle the US Debt Crisis?
by Brad Plumer
http://www.washingtonpost.com/blogs/wonkblog/wp/2012/12/07/could-two-platinum-coins-solve-the-debt-ceiling-crisis/

US's Total Personal Income (TPI) Approaches $13 Trillion

http://www.bizjournals.com/bizjournals/on-numbers/scott-thomas/2012/12/nations-total-personal-income.html?ana=e_du_nat&s=article_du&ed=2012-12-04