Nice article in Forbes. You’re exactly right about Stiglitz being a nice guy and wrong in this instance and your macro data is good as usual, but if you’d just look at the micro cost accounting data of every “going concern” and did the calculus on that data you’d cognite on where the deeper problem lies and how the only way to actually bring an actual theoretical integration of macro and micro without falling for the follies of DSGE are the direct, pervasive and encompassing policies of a universal dividend and a rebated back to merchants retail discount to consumers. That’s what F. Beard has almost realized on your debtwatch sight and he was a “dyed in the wool” libertarian whom  I had many teaching encounters with over on Mish Shedlock’s blog. I’m proud of him, he’s a nascent Social Crediter…even if he would probably call himself something different….despite now advocating the same policies of course. Have you ever gone to my wisdomicsblog.com site? I see quite a few hits there from the UK, the rest of Europe and Australia as I’ve been posting to Billy Mitchell’s blog for awhile. Just skip past any of the natural ontological stuff there (even though its all perfectly aligned with the thinking of your’s and other leading edge researchers like MMT and Public Banking) and try to look at the economic theory posts and how your call for a modern debt jubilee philosophically dovetails with Social Credit. It’s really too bad you’ve decided I’m just a crank despite having never met me. I’m actually a guy whose self effacing and yet wickedly iconoclastic sense of humor (integration and all) would probably make us quick friends.