The HHE PLEX

Health housing and education These three expenditure categories have run wild since 1970 They all are heavy quasi rent and pure rent sectors Lots and IP And rationed enlightenment Hierarchy a pyramid with fewer and fewer ladders to the next level

Like all great magic tricks ...the result is in the first step

Market worship Is not the great progressive blunder The game is lost before the commodity even arrived at the point of sale Production Systems Generate fundamental exploration methods As the producer approaches the market place To sell his time and skills The outcome is already over All but the fine details of concrete realization

End the possibility of unintended market consequences : Freudian micronomics

Rat ex is an attempt to enforce the spontaneous and free Open market system invisible hand By mass mind actions alone

Uncle debt management: a follies bourgeois

Trillions in obligations serviced with a smile But not using even a penny of tax revenue That is except for either negative real rates or a direct tax on " real " interest income form uncle debt Could we tax foreigners and corporations And not say pensions etc How much uncle debt is held directly By wage earning households btw

Universal default insurance and securitized firm debt monitoring

Obviously debt rating services become crucial for securitized debt Skin in the game thru performance screw claw back systems for rate setters that are in essence setting premiums At firm level No need for bank monitoring when markets will punish rating changes Firms shopping raters and insurers face a decentralized system Part of fire dome totalizator thru market activity not unilateral centralized administrative decision

Social production reproduction market mediated AND capitalist mediated

The double matters Markets and capitalists Markets alone might alone mediate production Where producers sell and but directly from each other Yes very elementary But not often clearly held before the eyes of system beholder A system mediated by a class of exploiters Takes on a certain range of coloration Capitalists seek out Profits Where organizing production Producers into wage earners Output market value Will exceed market input costs Inclusive of producers hired for wages

Scrip consoles ..

Zero real consoles Adjust face value of console to The current scrip to reserve money (say dollar) exchange rate