despite his muscular advocacy of the utterly " tangible" liquidity trap
professor PK
still wants to see markets thru 70's-80's ratex macro pricing telekinetics
as rendered by nice closed formmodels
yikes what clown crap that all is
where the seriously abused euler rules rule
and
every speculator's imagineered future market series is identical
hey if you see macronautics as purely an applied science
fuck the hoodoo voodoo of expectations
make tomorrows markets
don't just cringe b4 todays expectations
err more or less
cause that's enough
you only need the instruments and some fast feed back to guide you
not a determinative forecaster
the practical model hardly needs to determine anything specific
operating manual:
use this do this with it and A goes up
use that do that with it and Z goes down
a rough wood cut like science
of purely qualitative stuff
stuff
that can guide the design of mechanisms
that
---subject to closed looping--
move economic activities ... as socially desired