Maybe he fell into a trance while viewing a burning economics textbook in Harvard Square?
"In the next 12 to 24 months, capital markets are going to struggle on account of... are you ready?... not enough government debt." Shah Gilani
Why, that's amazing!!! Where could he have POSSIBLY come up with such an idea ... in the year 2013? :(
At this rate, our group brain may fatally shrink it's cultural perspective by short circuiting it's own dialectic field. :)
Given the tendency for more specialists to know more and more about less and less, until they all know everything about nothing ... maybe we really WILL all end up as Libertarians.
How do we fight that trend, and adequately manage public perspective, not just individual perspective? How did Shah finally get this far? Maybe he had a dream where he was visited by the ghosts of Eccles'/Lerner's/Vickrey's/Mosler's/Godley's/Wray's/Mitchell's/other's-publications-past .... and their chorus's too?
Not to mention that the wording itself is so precious. (Banks will be forced to hold more [fiat] treasuries.)
Given that treasury securities are expressions of group credit invested in diverse forms of private liquidity ... haven't they ALWAYS - in one form or another - been a requisite consequence of expanding human activity on planet earth?
More people to express fiat?
Each with more options, yearly, for expressing both individual AND group fiat? (Unless we REALLY screw up.)
Don't be surprised that more net fiat is expressed?
Nevertheless, "It's a miracle?"
Only on planet Dogma, where the true believers Hear No Obvious, See No Obvious, and Speak No Obvious ... until it's [again] seen as a divine revelation.
Maybe it's so obvious now that even novice thinkers can taste, smell & feel it? Even if they obviously don't yet understand it? :(
Fine. Given this latest comedic twist, let's try a strategy adjustment. Hold "Burning Tush" events in WalMart parking lots, outside Ivy League economics departments, and in front of hedge fund offices. Heck, even on YouTube. Play Mosler tapes at the burnings, from hidden speakers. For effect, periodically dub in something like Bill Cosby's voice :
Not to mention that the wording itself is so precious. (Banks will be forced to hold more [fiat] treasuries.)
Given that treasury securities are expressions of group credit invested in diverse forms of private liquidity ... haven't they ALWAYS - in one form or another - been a requisite consequence of expanding human activity on planet earth?
More people to express fiat?
Each with more options, yearly, for expressing both individual AND group fiat? (Unless we REALLY screw up.)
Don't be surprised that more net fiat is expressed?
Nevertheless, "It's a miracle?"
Only on planet Dogma, where the true believers Hear No Obvious, See No Obvious, and Speak No Obvious ... until it's [again] seen as a divine revelation.
Maybe it's so obvious now that even novice thinkers can taste, smell & feel it? Even if they obviously don't yet understand it? :(
Fine. Given this latest comedic twist, let's try a strategy adjustment. Hold "Burning Tush" events in WalMart parking lots, outside Ivy League economics departments, and in front of hedge fund offices. Heck, even on YouTube. Play Mosler tapes at the burnings, from hidden speakers. For effect, periodically dub in something like Bill Cosby's voice :
"Noah! This is the Public."
[Public: "Build me an economy. Make it F(P,Fiat) by F(O,Fiat)" *]
[Orthodoximists**: "Right! .. uh .. What's a fiat?" ]
Anyone know how to animate a ghost of DoubleFacePalm fiat?
* function of both population and individual options
** Orthodoximist: "Specialist in extracting dogmas out of asses."
2 comments:
Look, it's a good sign that more people are catching on.
I suppose. Just couldn't let him get away with multiple references to how revolutionary his analysis was.
That was just too much to bear. :)
Roger, you should have welcomed him more graciously. After all there is no revelation more profound than self-revelation and Shah has experienced a form of that. There is usefulness for burning bushes, stone tablets and voices from the clouds. Epiphanies for one can be ancient truths for others.
Post a Comment