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Aug 02 2018

Financial Park

Ok, so maybe taking the DNA of the greatest economic predators of the Reagan era and cloning their steroid and coke addled replicants as freeks and geeks for a dystopian 80s themed carnival was not such an outstanding business concept as I thought it was, at least I cured boneitis.

Ok, so maybe I didn’t remember to do that.

The truth is that macroeconomics is not much of a mystery post-Keynes. Aggragate Demand is it’s own supply and pushing on strings doesn’t work.

Explaining it on a 2 minute roller coaster ride is a perfectly reasonable request even though it’s a terrible metaphor that normalizes the ‘Boom/Bust’ cycle of Capitalist greed but imaginative on the level that Gravity, the force that runs them, is a well known physical principle.

Economics is unfortunately populated by a class of liars who can only be called “professional” in that they accept money for their services which they should understand as economists would normally be called “theft” except they get nothing for nothing and it’s all square.

To me the most interesting part is Krugman’s flirtation with outright Modern Monetary Theory under stress. I’ll get you yet my pretty.