Monday, June 30, 2014
Paul K and Simple Simon.... and the NK dementia praecox
Macro Monetarism first
As a means to mobilization or better re mobilization
Of idle production factors
Is capitulation to corporate board room sponsored think tank strategeery
But on it's own terms it's proven as bankrupt as Samuelson tobin macronomics
Look at 1951 to 1979....... 28 years
Now look at
1983 to 2009 ....26 years
Two epochs that led to debacle
The first caused a revulsion from the prevailing policy paradigm
Look at the second epoch
Where's the revulsion now ?
Imagine any mobilization utilization macro strategy
That even if
Implemented under low initial household debt ratio conditions
led in about twenty five or thirty years to an utter flummox like 2009
Why would you advocate such a policy even in the first twenty years of the interval ?
knowing spirits oughta now cancel the monetary first macro policy
We attach to that drip of snot called NK macro
right out of the starting blocks
Sunday, June 29, 2014
Assignments for the fed and the fisc
Open for perpetual reassignment
Output
Debt
Employment
Wage rate levels
Forex
Trade
Product price levels
Etc
The attempt to wall up essential macro dash board controls
Inside the FED is an obvious corporate objective
Mobilization versus stabilization
Stablization is a macro mission for status quo macronauts
Mobilizing to the max
socially available production factors
May be an over stated mission
For progressive job class macronauts
But not by much
Not now
Not here in Hegland
Anew
At
We have a new conviction about the centrality of the flying fire sector ( FFS )
Once the net up flow of M from the production sector ( PS ) is zeroed out
The FFS can expand by direct credit infusions or even without infusions
It can self expand it's scheinvert
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