Posted To Mish Shedlock’s Blog 08/26/2017

That is absolutely correct by dint of commercial and cost accounting reality. Reality that is enforced by the cost accounting convention that states that ALL costs must go into price. It also means that the rate of flow of total costs/prices will always exceed the rate of flow of total individual incomes simultaneously produced….with which to liquidate such costs/prices…which means the Austrians are right about the inherent disequilibrated state of the economy….it’s just that due to their terminal orthodoxy and inverted mental obsession with pain they can’t see that the dual monetary policies of Wisdomics-Gracenomics and its paradigm of Direct and Reciprocal Monetary Gifting are the joyously liberating solution to the problem. The additional benefit to implementing such policies is that with them the business model of Finance/Banking with its current virtual monopoly on credit/money creation will no longer be allowed to rule and manipulate every other business model and probably 97% of the general populace.

So wake the fuck up will you, you robotic and insensitive dumb shits!!!!!!!!


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