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