Keen is correct that disequilibrium is the inherent state of the economy, and Austrians and DSGE types are wrong in assuming equilibrium. But he has not (yet) realized the new idea/paradigm necessary to craft policy on so as to bring it into virtual equilibrium. Getting stuck in disequilibrium is no better than being stuck in a delusional equilibrium. His call for “a modern debt jubilee” is wise and perfectly reflective of that new paradigm for consumer finance that will evolve and transform the money system and the economy and re-establish equilibrium as its ongoing reality so he’s smack dab in the middle of the Rubicon where he’ll either drown if he doesn’t cognite on Social Credit’s insights or continue moving toward its unorthodox other shore.

Both Austrian/DSGE and Disequilibrium Minskyites may hate me and revile me. It doesn’t matter. They’re both/all nascent Social Crediters. And when they give up resisting it…they’ll either eat humble pie and admit It….or be stuck with a boat load of embarrassment and/or self generated disgust at my pesterings for the underlying truth. I don’t give d@mn about any personal apologies. I know who I am so it doesn’t matter. What matters is individual freedom and systemic free flowingness. If I’m perceived as aggravating by the deluded and/or the not yet fully cognizant it is of no effect. For their own sake they might consider the fact that if there is one thing less accurate than economic theorizing…it is long distance internet psycho-analysis.