Posted To Steve Keen’s Patreon Page /1/4/2018

SK:  Steve, I have blocked you on all other social forums because you proved unable to control your impulse to post multiple times on one topic, frequently replying to yourself rather than anyone else. You drove other participants away with this practice. I have tolerated you here on Patreon because, until today, you hadn’t done that. Do it again and I will block you from here.

Me:  Okay. It might be a little easier to do that if you’d address what I say. For instance, macro-economics is about aggregates. The point of retail sale is the terminal end of the entire micro-foundational economic process and also the aggregative total of all costs and prices for any item or service. Hence it’s an integrative point for both macro and micro economics, and for a pivotal monetary and economic policy like a 50% discount/rebate at the point of retail sale. Unfortunately none of neo-classical, Austrian or heterodox macro economists see this because the first two are deluded by DSGE and hence see no systemic need for additional individual purchasing power and the heterodox have written off microfoundations altogether as an area for insight. However, simply looking at the point and effect of such a policy enables one to see that a 50% discount/rebate doubles everyone’s purchasing power, completely eliminates any possibility of consumer price inflation and almost magically integrates the Austrian dream of price deflation painlessly and beneficially into profit making systems….and by the way breaks up Finance’s monopolistic paradigm of Debt Only as a kicker. This would stabilize the consumer economy like no other policy suggested by pols or econs on the left and right since forever, and if we made Banking/Finance a retail business model instead of the monstrously dominating money creating one it has been for the last 5000 years…humanity might get somewhere other than the muddle of the paradigm of Debt Only, and the failed experiment of homo economicus.

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