mitt or barry ?
Okay so it could be a wee bit less constrained
but kalecki macro policy
Would prove to be the thin edge of the wedge
after all that more or less leads to a profit squeeze wage price spiral ...no ?
Why revisit the roaring70's ?
That is unless you have a cure
for the wage/ profit product price spiral
cures exist
but they break the constraints
cures would only push the system away from
it's self preserving center
of de facto state power
ahhh The private oligopoly outfits
they find the way forward eventually
after trying every other way first
and even when they move the system forward
one can easily count the piles of forgone private wages
and social output
latest example
the fall 08 crisis ...
12 trillion in sacrficed output
to find the way thru this
whilst keeping within the system constraints
