It’s like economics is caught in the stress and confusion of contemplating a zen koan, and the answer is and has always been Satori, Grace, Conscious awareness applied to the problem.

What Is The Sound of Inflation and Lack of Individual Purchasing Power Clapping Together?

Zen master gives novitiates the koan above.

Austrian novitiate: (frantically,after a moment of contemplating the koan)  Let the economy deflate!…even if there isn’t enough money in the hands of individuals to make the economy function. Businesses and individuals must be punished until they learn austerity and respect for God the Market who cannot be questioned, improved upon or interfered with in any way! There ain’t no free lunch, economics is economics and it must not be integrated with any other disciplines! Government? No!….No! No! No! NO!

Keynesian/post Keynesian novitiate: (In a scholarly tone upon contemplating the koan for 5 seconds)  We must inject a liiiiitle more money into the economy, into the system first. Make work. Build bridges to no where, bury money and have people be employed to dig it up, raise the minimum wage. Government? Yes, but only give money to businesses, and only to people after they’ve worked for 45 years at inadequate wages and been further taxed in order to deserve the benefits and their natural creativity, energy and flawed but basic goodness will have been habituated to doubt, confusion, cynicism and hopelessness.

Social Credit novitiate: (Calmly and with an initial reaction of awe that builds to an enthusiastic conclusion) The system destabilizes itself because of its rules. Give people a direct payment so they can be free and the system can actually function as theorists think it should, and then there will be a permanently good investment climate. Seeings how the system will still tend toward destabilization periodically discount prices to the point of mathematical equilibrium of total costs and total individual incomes available in each moment of time. Government? Deal with problems as they arise, but emphasize an ethic of Love in action, that is Satori, Grace, an effortless focus on the moment wherein space, time and one’s own consciousness are one….and all but the most damaged or broken will find their own constructive purpose in a joyously freedom affirming society.

(all other novitiates look around momentarily confused, and then go about their duties of “chopping wood and carrying water” in a calm and cheerful manner)