@ErikVoorhees Right. First problem: many suffer "exogenous money" mystery-cult beliefs. Money is endogenous. http://en.wikipedia.org/wiki/Endogenous_money … @wycats
@BrendanEich @samselikoff @ErikVoorhees response is direct and quick when demand is saturated, sluggish when shortage of demand.
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@wycats Simple govt-num chart: Fed Z1 vs. BEA GDP series: http://market-ticker.org/akcs-www?get_gallerynr=1840 …. Fake demand w/ fraudulent debt.@samselikoff@ErikVoorhees -
@wycats Required Glass-Steagall repeal, reg.cap, other malfeasance. Not exogenous "weather", not from the Sun.@samselikoff@ErikVoorhees -
@wycats Pre-08 Kyle Bass (Hayman Capital) sent PIs for fog-a-mirror mortgages, got 'em. He bought CDSes, won big.@samselikoff@ErikVoorhees -
@wycats Lack of "demand" via unsound/fraudlent debt is not the problem. Each unit of real GDP = X ergs of energy.@samselikoff@ErikVoorhees -
@BrendanEich@samselikoff@ErikVoorhees I'm not diagnosing lack of demand as a problem, just saying it causes low inflation despite money++ -
@wycats cue Austrian business cycle recitation :)@BrendanEich@samselikoff@ErikVoorhees -
@machty@BrendanEich@samselikoff@ErikVoorhees empirical evidence ! -
@wycats I feel ya. I won't be the one reciting it.@BrendanEich@samselikoff@ErikVoorhees - 3 more replies
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