An honest assessment of the economy shows that there is a chronic scarcity of individual incomes in ratio to costs, largely because of the costs of depreciation and waste that must be charged into consumer prices on a continuing basis. Hence “helicopter money” is necessary if the economy is to be able to be in equilibrium, and a reduction to prices at retail is necessary if it is to remain free flowing.

Any claim that the economy would become wasteful or mal-investment become a problem is simply non-thinking orthodoxy because if the underwriters of investment banking would do their jobs and not fund 5 nail salons in every strip mall and the credit card companies would not be allowed to entice everyone and their dog’s uncle with “tickler rates” until we had another 2008 event then we’d have an economy that sang grand opera 24/7 on all 20 trillion cylinders.

Or you can refuse to be ignorant of cost accounting, refuse to look at the private monopoly on credit creation and turn an equally blind eye to the fact that AI is going to eliminate aggregate demand 10 times faster than it has ever done so before and make the above policies necessary anyway.

You’re all nascent Social Crediters and advocates of Wisdomics/Gracenomics.

wisdomicsblog.com

*************************************

Capital flight is a “paper tiger”. Not only could capital controls be utilized, but with the dividend and discount policies in effect and if the dividend was big enough there wouldn’t be a single producer domestic or international that wouldn’t move heaven and earth to sell theire products in the US. And as I said with a sufficient dividend and deflationary discount re-industrialization could rapidly make us not only nearly completely self sufficient, but also more technologically modern and efficient self sufficiency than any other country as well.

And if anyone wanted to move their production over seas….let the idiots go.