I like your articles. I do wonder about Post-Keynesian, Post-neoclassical, post-neoliberal, post-austerity? A real economics I suppose that would be beneficial in the real world of now - with impending resource scarcity especially that of fossil fuels. Post capitalist I guess as well if we could get there to atleast "near socialism" like in a positive bottom down sense of creating value from good action like with sustainable agriculture practices...
Thank you! You hit the nail on the head because we have a lot of rage because of systems that are not working, and therefore people want to tear them down. There is not a lot of a concrete vision or plan on how to shift to a genuinely different and effective economic model.
Having worked in government, I am now incredibly sensitive to the abuse when power gets too concentrated. So that is part of it.
Excellent!!! As far as inflation goes, the last time we had inflation from war (which disrupts markets, the way Covid did) , the reduction of inflation took about three years and without high rates
I like your articles. I do wonder about Post-Keynesian, Post-neoclassical, post-neoliberal, post-austerity? A real economics I suppose that would be beneficial in the real world of now - with impending resource scarcity especially that of fossil fuels. Post capitalist I guess as well if we could get there to atleast "near socialism" like in a positive bottom down sense of creating value from good action like with sustainable agriculture practices...
Thank you! You hit the nail on the head because we have a lot of rage because of systems that are not working, and therefore people want to tear them down. There is not a lot of a concrete vision or plan on how to shift to a genuinely different and effective economic model.
Having worked in government, I am now incredibly sensitive to the abuse when power gets too concentrated. So that is part of it.
Excellent!!! As far as inflation goes, the last time we had inflation from war (which disrupts markets, the way Covid did) , the reduction of inflation took about three years and without high rates
1947, annual average: CPI: 14.4% Fed funds rate: 1.0%
1948, annual average: CPI: 7.7% Fed funds rate: 1.3%
1949, annual average: CPI: -1.0% Fed funds rate: 1.5%
How did inflation turn to deflation despite HUGELY negative real rates?