Posted to both Steve Keen’s youtube channel (a progressive,new Keynesian economist) and to Mish Shedlock (an Austrian/Libertarian blogger and pundit) regarding his correct but half baked solution to the looming bankruptcy of Illinois/Chicago:

Austrian/Libertarians and Progressives can argue into eternity about the insanities/needs of re-distributive taxation, public unions etc. etc. …..all the time missing the real solution to the problem which is to break up the monopoly on credit creation by the Banking system and breaking up the even more devastating monopoly idea/paradigm of Debt ONLY with a DIRECT TO THE INDIVIDUAL DISTRIBUTIVE NEW CONSUMER FINANCIAL PARADIGM OF MONETARY GRACE/GIFTING VIA THE POLICY OF A UNIVERSAL DIVIDEND…which just happens to accomplish the best aspects of both of their agendas.

All economists and pundits are, I’m sorry, nascent Social Crediters.