by Summary:
Why I'm an ANTI Economist.
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Steve Keen considers the following as important:
This could be interesting, too:
Why I'm an ANTI Economist.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| Why I'm an ANTI Economist. |
Which is why we need recessions…to reset the counter.
Trying to avoid recession by stimulus just allows everyone to run up the debt counter, problem is I suppose that individuals can't print their own money.
basically. I'd point out that we need something, but not necessarily the things we call "recessions". The ancients had the jubilee. We could maybe have micro-recessions that happen randomly about once a day, so theyre not a big deal at all
No it means we need private debt management (jubilees) just like we need inflation management so then it becomes proactive instead of reactive (recessions)
And this is why we watch and wait as Michael Hudson's ongoing research into the different types of money for different parts of ecological economic exchanges are clarified and the deliberately obfuscated language of pure-math relative-timing ratio-rates Circuitry is subjected to a renewed interest in Accounting, a contrarian POV as Steve suggests.
It's impressive how they convince people that every time capitalist overproduction causes a crash, it's a totally unique event, even though it keeps happening about once per decade, going back to the early 1800s.