Not a one of you has the brains or ability to think outside of the economic box and realize that the solution to both robotics and the domination of every enterprise and 95+% of the population by the business model of finance is monetary grace as in gifting. It’s simultaneously laughable and tragic for someone outside of the box to see all of you to offer up cynicism, orthodoxy and resignation as the only response.

I show you how the policies that would integrate price deflation into the economy would work, and save everyone and every business the pain of the bludgeoning that price deflation wreaks without those policies and it falls on deaf ears. Orthodoxy makes masochists of otherwise well meaning human beings. Again, if it weren’t so stupid it would be laughable.

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Extremely interesting and enlightening discussion on that thread Mish. Everyone is unconsciously-semi-consciously dancing around the very things that I have been saying are necessary to non-self destructively extricate ourselves from the converging crises we face, namely Wisdom as in integrative thinking and grace as in monetary gifting. 

Wisdom is not BS, and the concept of grace as in gifting is a valid economic concept..especially when the rate of destruction of aggregate demand is set to vastly outpace any rate of job creation, and in view of the scientific fact of inherent cost inflation based on the second law of thermo-dynamics as applied to energy and its costs.  

All that is missing from economic theory is the intention to integrate ideas (wisdom) instead of getting caught up in obsessive theoretical debate, and unconsciousness of a fully fleshed out pinnacle concept of wisdom, namely grace as it applies to economic and monetary realities on the ground.