Of course every lowered interest rate freed up more individual income….just not (and never) enough to actually effect an equilibrium of total costs/prices and total individual incomes actually available to spend and so liquidate those costs/prices. And there goes Austrian and Keynesian economics into the dust bin of history…and the rise of Wisdomics/Gracenomics.

wisdomicsblog.com

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Beer Drinker,

You are absolutely right. Artisan products will become the new “shadow economy”, but that will simply be enough to reproduce a feudal/barter/mostly austere economy for the overwhelming majority of the populace. We will still have to integrate monetary grace as in monetary Gifting into the regular economy in order to avoid the absurdity of feudal austerity amongst technologically abundant productive capacity to produce.

Every economist and pundit is a nascent advocate of Wisdomics/Gracenomics

wisdomicsblog.com