Systemically, the rate of flow of total costs/prices will always tend to exceed the rate of flow of total individual incomes. This has been hidden by the false ideology of DSGE, the inevitable mental result of a second gilded age and the amazing refusal to deal with the monopoly powers and privileges of private Finance….even though it contradicts the very free market ideology the system is supposedly built upon.

How fucking biased, stupid and dishonest can modern economists specifically be, and how disengaged can moderns be generally?

BC:  This has resulted in labor share of GDP at a record low in the US, Gilded Age-like inequality, successive asset bubbles, unprecedented debt to wages and GDP, half or more of the population on public assistance of various kinds, ongoing fiscal constraints, and the best gov’t that the money of the top 0.001% can buy.

But there exists no organized, organic constituency in the US (or elsewhere) to challenge and hold accountable the rentier-socialist Power Elite and their bankster oligarchs, plantation managers, politicians, and ministerial intellectuals.

This is what is “progress” today, that is, for the top 0.001-1%.

Me:  Precisely. And this is why monetary grace/monetary gifting is the solution both policy wise and as a new cultural paradigm/zeitgeist. Graciousness, the wisdom mindset that follows from it and the consequent honesty and bravery to maintain it….must take root.