The whole problem on this blog is its obsessive fixation on economic theory….when the real problem is the monopolistic monetary and financial paradigm that alternately gooses and strangles the economy. Change that from Debt Only to Direct and Reciprocal Monetary Gifting and as I have pointed out a hundred times here the economy’s deepest and most thorny problems will resolve, and we will also be able to make giant strides toward surviving climate change to boot. Carry on.
You guys are all erudite, but you’re aiming at the wrong/primary problem. Change the monetary and financial paradigm from Debt Only to Direct and Reciprocal Monetary Gifting and all of the major problems you’re talking about will either immediately disappear or be able to be easily regulated away. All of the astrological tinkerings that developed around Ptolemaic cosmology resolved or disappeared when helio-centrism was confirmed. Think about it.