If you were involved at all in heterodox econ (ie: variations on austrian) then

If you were involved at all in heterodox econ (ie: variations on austrian) then all of this has been an obvious train wreck for a century or more.

The problem is that the austrians (and other heterodox) didn’t know how to solve it. We probably do now. But it requires restructuring government’s relationship to the treasury, and changing govt from a purely revenue (extraction) entity to more mirror the monarchies as trying to make the state make money so that it needn’t interfere with the people and there economy as much as they do now – now that the false promise of endless growth has been gutted like a bull moose with a dull flint knife.

Reply addressees: @bryanbrey @JeffSnider_AIP