a brit in love with lerner attacks rowe v wages pomp trot

rowe  waves the distortion wand
over  G tax and spend
 and the equity wand
over  G borrow and spend

ralph musgave brit beaver chews into this hollow log of a brain:

"why nike isn't monetary policy alone  distortionarytoo
 assuming that by “monetary policy” one means interest rate adjustment.
 Such adjustments work only via entities that are significantly reliant loans
versus those  not reliant on lending at all
. You might as well boost an economy only via people with red or blonde hair."


.


ralph  you abba nut one

rowe lives inside his model
like buster brown lived inside his shoe

he has no stinking need for heterogenous thises and thats hes and hers etc etc

distortion is waved around in the marginalia
where the single agent can only f   his future self
by getting the HOLY G  (he elected ?)
to borrow now from himself
to buy a candy bar
to burn and reduce his consumption now
instead of using the funds himself
to lend to himself to hire himself with the candy bar
to build a machine to make candy bars out of candy bars