Sunday, April 10, 2011

ziffle's idiocy

larry calls for more equity less debt
as if this was either a stylistic option or a moral failing

debt  build up ie fast flowing universal credit
accelerates development

and consquent high leverage concentrates  and amplifies the profit rates  of enterprise

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his counter to public utility models for the credit system

"look at gosplan "

he is more clever about  fully socialized public enterprise  and unit level externalities
without realizing the own bottom fallacy that high equity ap[proximates
ie less and less equity is the progressive motion of the system
just as less and less cash sales versus credit sales is progress