Me: Everybody (correctly) bitches about business costs and individuals not having enough money and also bitches about prices going up. So why not implement policies that would create a lot more demand, falling prices and roaring profits as well?
Just askin’
Mish: yes just get rid of the Fed and Fractional reserve lending
Me: Unfortunately that still won’t do it. But a dividend and retail discount of adequate amount and percentage will quickly eliminate the need for borrowing by the individual freeing both them and the system.
Mish: IF we abolished FRL, established a free market in money (gold would obviously win), instituted a genuine free trade policy, had a balanced budget amendment, killed public unions, and ended collective bargaining, I would gladly consider universal debt relief in return. Otherwise, Key systemic flaws and fundamental problems remain. Neither you nor Keen address any fundamental problems.
Mish
Me: Fundamental problems like what? I fail to see how continuously correcting the fundamental cost accounting flaw that makes the system cost inflationary with dual policies that make sure there is enough aggregate demand and that also creates continuous price deflation…even within profit making systems….isn’t THE fundamental solution. But enlighten me.
I admire the hard headed thinking of conservatives, Austrians, libertarians. I really do, but admit it structural problems aren’t as deep as paradigmatic ones. Ideas create realities within human beings, and awakening to a paradigmatic idea like gifting that is monopolistically being prevented from resolving our present lingering economic crisis and whose graceful integration into the economy….enables one to see that this would trump and literally transform structural problems.
In other words implementing the concrete policies in the correct ways, places and times that reflect the resolving idea of monetary gifting ARE a deeper resolution to the problem.