Sunday, October 2, 2016

Keen "the approach to economics that failed to anticipate the GFC—and that even believed such events were impossible—is unlikely to be able to advise what to do in the aftermath to the GFC. We need a new theory, not merely a new fictional acronym in the fantasy universe of mainstream economics "

That poor steed
The great and beautiful DSGE
Was not raised to be a flying horse
And upon delivery was still born my friend

So why beat on her

The great stag is the fundamental process in need of causal explorations

No amount of pure FIRE sector flim framing and re framing is necessary
A peoples fire sector using elementary models can power a perpetual domestically driven trajectory of development and prosperity for the job masses