Phenomenology of models

The false concretization of model features......... Labor v capital..... What a silly degree of reification...... Models are always something more then just a coherent self consistent formalism pulled off a shelf.... Models are intentional objects... We Must always be careful to apply the husserlian brackets

I get too simple.............. trade offs in macro........ PF mobilization means. ......Payments v loans

No public production no public goods just payments or loans that is macro

The charge of the turtles

Can a new wave of macronomicals storm the commanding journalistic heights ?........... Or should they simply by pass these antique towers ..... Perhaps invest their efforts in the broader provenance of the Internet Ten thousand shining nodes of fresh thought and new paradigms

Uninformed loud mouthing on argentina

Why not Me too ?.....every media outlet is pulling the same stunt........ Queen C .... set up a mark up warrant system for large wholesalers and corporate producers........ And of course .....set up an ad velorem import warrant market....... But let the peso fall as it may and pass thru the import price increases....... Now is the time to radically reform the exchange system...... Hugo C and Allende are watching from the other side !

pK attacks macro populism

There is a Fearful symmetry in corporate constrained macronautics Too much nominal price and wage level change is as bad as too little .......... Yup here in Dear PK has shown ........ a part of his mind where the old walls are intact .............. The future of macro involves socialization of the nominal path of price and wage levels....... Your drudging blogger here is Not up on Argentina .........but my guess ....supply constraints co exist with slack there......... Institutionally generated "Supply constraints " ..... coincident with suboptimal/ maximal domestic factor mobilization..... This dual and dueling badnik set up Seems necessary to the steady reproduction of corporate capitalism ....... Yes there is a baby in this bath water ......that must not be thrown out ....So .....we need draining mechanisms not flushers