Friday, February 3, 2017

Oh that devil dick Nixon....Fear of politics mixing with macro nautics is a libel on " our system "

My goodness a pol gooses up the economy to get re elected and that leads to run away inflation
And / or a steep contraction post election !

What kind of system can get regularly into a phase where policy could actually deliver better performance but only if  the system convulses afterwards ?

Like a  race horse fed a speed ball

Surely other institutional arrangements should be explored
If the present system needs  substantial and yes palpable obvious slack ....
Enough Idle productive capacity and idle labor to be noticeable when removed to get votes .....

Yup sub maximal social production
Just to keep from over heating itself
Not technically or humanly
But simply
Price change wise !!!