smackmacdougal:  Greeks shall enjoy Third World living after they reject the deal terms that would fix the financial situation of Greek legislators. The rest of Greece shall soon join their 2004 Olympics ruins and their ancient Parthenon ruins.

It’s what Greeks do best — create ruins.

Those championing a Grexit foolishly don’t understand anything about commerce and economy.

Me:  Yeah, like an unstable financial system rigged in favor of Banks…is the natural, ethical and unalterable reality for humanity…so get over it already. NOT!!!!!!!!!!!

smackmacdougal: Why doesn’t C. H. Douglas give them grace? LOLZ

Me: His theory and policies DO.

LMFAO!!!!!!!!!!!!!!! …at how you always step in it by merely re-gurgitating your false orthodoxy….with arrogance on top of the blindness.

smackmacdougal:  -1

Me:  Yes it’s terrible the way I intellectually invalidate and dominate you. In the interest of truth that is terrible to you….and yet domination by the powerful Banks and Financial system of individuals world wide…somehow escapes your razor sharp sense of ethics. Touche.

smackmacdougal: “Yes it’s terrible the way I intellectually invalidate and dominate you.” ~ Duality Within Trinity

Yes, that’s what a guy suffering from bipolar I or a schizophrenic off his meds would claim.

Me:  Uh huh.  Ad hominem.  When all of the other relatively normal general equilibrium believers here have finally realized that Social Credit is actually a much better and more humane way to bring about deflation and economic stability and that they have all always been nascent Social Crediters, you as the hardest, most religiously strict market worshiping/randrhoid case here …will probably still rant on even in the face of those facts.  Ta Ta.  🙂   🙂  🙂

smackmacdougal:  In past, you have engaged in so much ad hominem that it is hard to take seriously anything you write.

That said, social credit would lead to higher prices and likely inflation, which is the exact opposite of what you believe.

Welfare is a kind of social credit, especially when law givers pay for it through Quantitative Easing.

Now, please go away from me. No longer do I want to read another comment from you spewed underneath my name. There are many others for you to befriend. I am not one of those, though.

Me:   How pathetically orthodox. I have shown many many times how social credit would not be inflationary. You and others have simply not received that fact because of orthodoxy.

Yeah, I’ve ad hominemed you, so what? You are the mosr flippant and arrogantly ad hominem poster here. Apparently you’re not aware of this? You’re blinder than I thought. You calling me out for ad hominem is ludicrous and quintessentially hypocritical.

General equilibrium theorists are mistaken. Steve Keen has waded through most of the erroneous assumptions of DSGE by what? ….actually looking at the system and, that’s right, unconsciously and unknowingly coming to many of the very same conclusions about the system….that Douglas did over 90 years ago. Keen says we must incorporate money, debt and Banks into theory. Precisely what Douglas did. He espouses the fact that the system is in disequilibrium…the same as Douglas did. He simply hasn’t looked at the cost accounting conventions which dynamically enforce cost inflation on the system yet, and then in an elegant and encompassing way integrated policies into the economy….that actually resolve the deepest problems we have historically and unconsciously had to deal with for lo these many years. Keen thinks disequilibrium is actually something significant, and to be honest in view of the fact that he re-discovered disequilibrium despite a mountain of orthodoxy denying it, it is a great personal accomplishment for him (and I have complimented him numerous times for exactly that), BUT enshrining disequilibrium is actually nothing more than the flip side of the mistaken belief in general equilibrium. In other words it’s just another orthodoxy, another ideology that pundits and academics can p!ss and moan about forever…and not advance the discipline or make individuals more free and the economy more free flowing….like Douglas’s policies which taken together are actually the anatomy of both the deepest problems and of economic equilibrium itself…and so virtually accomplish just that. Now conceiving of and crafting policies that accomplish equilibrium….THAT is an accomplishment. And balancing an unopposed monopoly paradigm like debt/indebtedness with a new paradigm that those policies are based on like Grace as in Gifting is absolutely brilliant. New paradigms and paradigm changes are rare occurrences and powerful things….but they do occur and they do change things for the better. I was hopeful that policies creating equilibrium would resonate more with general equilibrium theorists…but orthodoxy is firmly entrenched on all sides and everywhere. The world is a blind, a stubbornly blind place. But crises bring us into present time enough sometimes that rationality and grace/graciousness can meet and recognize each other and realize they make for more and better survival than do mere profit, power, control and belief in beliefs. I’m not giving up on that possibility.