All of you are correct of course about what is occurring (the ripping off of the individual and small to medium sized businesses), but none of you are awakening to the solution which is to break up the TBTF Banks/FED/Corporations with global reach evil triumvirate with monetary policies that free the individual, guarantee abundant individual incomes even as tech and AI destroy it and change the entire direction of the macro-economy from cost inflationary to price deflationary….just like Austrian economics only dreams of doing with its pitifully orthodox adherence to a completely de-bunked general equilibrium and refusal to integrate truths from apparently opposing perspectives.

Mish you really have an opportunity to be the smartest, most open minded and progressive pundit (progressive in its real and positive sense, not just liberal orthodoxy) by paying objective attention to what I am saying and affirming it. Your buddy Steve Keen has made some statements recently and over the last year or so that begin to incorporate some of what I have said here and on his sites for years (for instance that depreciation is a correct factor to consider in monetary theory, and that the economy’s actual problems are a ratio of costs to individual incomes) ….it’s just that he hasn’t cognited on the perfect macro-economic policies to resolve the situation….mostly because he and nearly everyone else has at best a spotty knowledge of the philosophical concept which his and every other major reform (unconsciously) has as the basis for their policy recommendations. And I’m the only person who has both the philosophical clarity and acquired economic knowledge to understand and integrate that concept fully.

So please consider it. When I publish my book and begin speaking about these matters and how they are in the interests of businesses and 95% of individuals….you might look a lot smarter than you have up until now.

Mish:  Please stop promoting your book in progress. As for Keen, he is profoundly wrong on solutions and I would debate him on that. He does understand the problem.

Me:  Ah, so no debate, just retort. Why not debate me? Of course you will debate Keen….and you’ll both end up in a contentious stand still….because neither one of you has the intention of integrating truths, but rather just asserting your own total rightness. Integration of truths, not compromises that include/enforce half truths/untruths is what is required. Mental integration of truths is the very process of Wisdom itself, otherwise it wouldn’t be Wisdom…..but it takes the willingness to abandon orthodoxy. Keen is close because he’s iconoclastic, but his iconoclasm is incomplete, mostly because he lacks a full awareness of the philosophical concept that he’s partially already advocated. That concept is the epitome of Wisdom and the essence of unification itself, and the new paradigm/philosophy that Keen himself has said the new economics needs. Only problem is it’s absurd to the modernist and the orthodox. If you study actual paradigm changes that is what every paradigm change is….absurd and completely irrelevant and impossible….until it’s finally recognized as universal truth.