Of course consumer spending is inadequate…the rate of flow total individual incomes always tends to be less than the rate of flow of total costs/prices. That fact is the thing Keynes, von Mises, Keen, Mish and nearly every other economist and pundit missed, and as innovation and AI ADD more scarcity of individual incomes to that ratio there is no escaping the unstable consequences unless you combine Social Credit and Austrian economics as I have and implement a universal Dividend and A PRICE DEFLATIONARY DISCOUNT TO RETAIL PRICES. Wake up and die right before we stumble idiotically and unconsciously into catastrophe….and actually look at what I am saying.

Walter Mandel:  Can you prove that “the rate of flow total individual incomes always tends to be less than the rate of flow of total costs/prices”? What is your evidence for this claim? Is is based on an hypothesis, or on data?

Me:  There are many factors that make this the case, and if one goes and looks at and compiles the statistics of total individual incomes and total prices of the products produced found in the empirical data in the cost accounting statistics for a given period of time of any business that is not actively in bankruptcy it will be found that more prices must be liquidated than individual incomes produced for the same period. As this is the reality for virtually every business it is a dynamic factor that must be accounted for. If one stops and thinks about the fact that the costs of depreciation in today’s high tech economy must be factored INTO PRICES IN ADDITION to the costs of total finance then it becomes quite clear that capital equipment-facilities/means of production must be paid for twice, once as the cost of their purchase/construction and once again as these assets depreciate, obsolesce and/or break down. Throw in that savings, profits and re-investments all take money/incomes from one flow and transfer them over into another later flow diminishing individual incomes from the first. Then consider that innovation and AI are increasingly eroding total individual income/purchasing power….and as flows costs/prices will always tend to exceed individual incomes simultaneously distributed to liquidate them….which makes the system ITSELF, EVEN IF IT IS LEFT ENTIRELY TO ITSELF AND UNREGULATED BY THE GOVERNMENT, ….COST INFLATIONARY.

Dr Strangepork:  It is based on faith, mysticism, and snake oil.

Me:  Yeah, right Dr Strangepork. The above is all based on empirical data to be found in any going concern if one only looks at it. It is grounded in the 3 and 4 dimensional data and day to day realities of businesses and accountants…..not some abstract theoretical BS and/or orthodox scribbling s of some economist….who probably never ever ran a business or had any concept or knowledge of accounting data and its economic and monetary significance.

DARE TO LOOK AT THE “ON THE GROUND” DATA AND THE RELATIONSHIPS BETWEEN THEM….or shut up.