Where Modern Macroeconomics Went Wrong

Where modern macro went wrong is in not realizing that private finance’s monopolistic money creating power….is post retail sale and hence illegitimate….because the actual economic/productive process ends precisely and definitively AT retail sale. And as a public national bank can more economically do everything good that private banks can do (and a hell of a lot less harm than they have continually done for the last 5000 years) such a banking system guided by the abundant, benevolent and gifting concept of grace….seems to be the way for macroeconomics to right and reverse its seeming inabilities to bring stability and continuing prosperity to the economy and the discipline.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s