Discussion about this post

User's avatar
Steve Hummel's avatar

With all due humility my recognition that retail sale is the single universally/aggregatively participated in/macro-economic point in the entire economic process, and thus is the perfect place to implement a 50% Discount/Rebate monetary policy utilizing accounting that has resolving macro-economic effects on inflation, chronically scarce purchasing power and demand, and beneficial social, psychological and even natural philosophical/spiritual effects as well...is worth something other than a non-Nobel prize in economics.

Considering that retail sale has been going on hundreds of millions of times every day right onder economist's noses for centuries, Its also proof that thinking/abstracting, although an excellent way to identify problems, lacks sufficient direct observation to discover solutions...which is a signature of wisdom.

Finally, a 50% reduction of price for virtually everything ends all of the delusional blather about government deficits causing inflation and so enables the kind of fiscal spending necessary to confront climate change.

Expand full comment

No posts