99.9+% of economists forget that even if an economy can continue to stumble along despite both systemic cost and monetary inflation…..that not resolving these enables the utterly unethical condition where every other business model besides Finance and 95-98% of the populace will be forced to serve Finance and the economic system….instead of those systems serving Man.

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John:  Steve, I’m not sure what you are trying to say about deprediation charges, so let’s make it simple.

Of the various processes claimed for causes of a “gap”, this is the one that is absolutely incontestable.  Charges go  into the costs and prices of goods, but no equibalent wages etc. are paod out, nor ar any equivalent  funds invested for future production., which is usually financed by fresh loans.

Regards.
J R

Me:  Yeah, that says it another way. I was simply saying that these costs are not one off, but reality for every business that has depreciable assets (virtually all of them) and that makes them a dynamic flow of additional costs over and above the flow of total amount financed. My other points are that even if the economy is still able to limp along without completely collapsing for long periods of time the fact of continuous borrowing is onerous to the point of being enslaving for every other business model except finance and all but the wealthiest earners which of course makes it (the entire system) unethical. Economists, even the best one’s like Steve Keen, seem to miss/ignore this latter reality.

Or maybe they just aren’t smart enough/conscious enough to recommend the only valid economic monetary and economic policies that are interpenetrative and encompassing enough to resolve the problem, namely the dividend and discount policies of social credit.  By the way, interpenetrativeness/completely penetrating the inside, and  encompassing/including in its entirety…are aspects of the concept of grace as it is applied to either one’s beingness or the concept of grace as it is applied to a temporal system like the economy.