Posted To Mish Shedlock’s Blog 06/21/2016

Purchasing power/level is what is important not fudged employment statistics. More jobs that pay less and consist of less and less hours is a portrait of the rigged/hypnotized delusion of wellness that idiot economists and TPTB want us to believe is a positive trend. Aggregate demand is decreasing and will never be/has never been adequate to attain an equilibrium. In order for high tech profit making economic systems to survive a continuing supplementary income and a reduction to retail prices is going to be increasingly necessary. Just drop your allegiance to general equilibrium theory and embrace Social Credit/Wisdomics/Gracenomics. It’s the only sane and humane way forward. Otherwise you’re just unconsciously enabling the agenda of socialism. Think through it, don’t resort to long held orthodoxies to the contrary and awaken to a new monetary and economic paradigm of Grace as in Gifting. It’s the way out and the way home to real hope instead of BS hope.

Leave a comment