“They (Govt, Treasury, Fed) don’t want fair play”– They (economists, pols, trea

–“They (Govt, Treasury, Fed) don’t want fair play”–

They (economists, pols, treasury, fed) want economic (monetary) velocity (consumption) in exchange for increased risk of ever expanding corrections.

“We are all keyensians now” is has replaced “sovereignty, reciprocity, and meritocracy” as the criteria for the ethics and morality of the state.

FWIW: they DO have an argument. Or they did at least until 08, when we determined that the austrians were correct and the cycle accumulates rather than moderates. IOW the previous theory is that even with boom-bust cycles we still progress faster under better conditions. That’s dead now.

Worse, what they don’t measure (and our group does) is ALL capital (full accounting) so they don’t see that all we are doing is burning down civilizational capital not actually making the gains they think they are vs slower monetary velocity and consumption.

Cheers
Curt