Tuesday, October 4, 2011

Marshall Auerbach and laissez allez macro

There is a need for a state micro policy
A comprehensive central plan

Simply setting in place a lerner esque set of macro stabilizers and feed backs
thru the transfer system is not enough
Meta static n year out projections in continuous quarterly reformulation remain de rigor


Targets are necessary and the consequent injections and extractions to meet these targets are not a pure autopilot affair

Restating the obvious ?


Well the implicit assumption of an auerback RX is simply learner plus a humanist federal
Daygo gulag system


And that gulag system blots out the real task
Discovering a better path Forward
for the entire production system


Constant construction reconstruction creates new realities
That a purblind market mediate demand will not find fast enough...unassisted