(Commentary posted by Roger Erickson)
Seriously. This is the only image I could find of cut fiat.
Please volunteer your updates to explain to Jane and Joe Sixpack what it means to cut fiat.*
Note, our next proposed art project will be a mural explaining just what the heck "balanced fiat" actually means.
Please enjoy, before all the ink runs dry, and we run out of crayons too, not just fiat.
* I'm no artist, but there is one curious finding already. Most of my initial pencil sketches feature dimwits trying to slice up Public Initiative. It's not a pretty sight, either on paper or in my head. The only inflation detectable is in the egos of the megalomaniacs hell-bent on balancing aggregate fiat by cutting something.
An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Showing posts with label cut. Show all posts
Showing posts with label cut. Show all posts
Sunday, October 5, 2014
The Great Library At Alexandria Was Destroyed By Budget Cuts, Not Fire
(Commentary posted by Roger Erickson)
Or, consituting a look at:
Seems our current textbooks are worse than useless, yet again. :(
Or, consituting a look at:
Dumb-Ass Neo-Liberals throughout the agesGoogle "Emir Amrou Ibn el-Ass" - just one in a long trail of multi-ethnic, multi-religious dumb-asses, doing what they were told. The damage had already been done, long before, by those re-cooking the books.
Seems our current textbooks are worse than useless, yet again. :(
If we don't do something, we'll be left with an electorate that only cnows how to thinc. Without that missing real ability, it won't matter HOW much "STEM" data they memorize.
Now, aren't you happy that we've cut Public Initiative enough to balance our fiat? Oops! Pardon my illicit use of contraband. Oh what a feeling. Right. Was it worth it.
Now, aren't you happy that we've cut Public Initiative enough to balance our fiat? Oops! Pardon my illicit use of contraband. Oh what a feeling. Right. Was it worth it.
Friday, July 25, 2014
When A "Surplus" Of Fiat ... Is A Negative, ...... aka, ....... N-tuple Entry, Indirect Semantics
(Commentary posted by Roger Erickson)

From the Mad Hatter department, this just glossed over too lightly, even at MNE.
In the great fiat debate, if anyone simply asks "what does that mean" - or spends 10 seconds doing a google search on a term - then they might quickly note the following. In the parallel universe of Double Entry Accounting as applied to sovereign fiscal policy, a "surplus of fiat" involves a net drain or a "negative" flow of net private financial savings. Exactly which "deficit" matters, to whom, when?
Some could be excused for concluding that Labour is threatening to "cut" it's citizens, i.e., make them "bleed" if they DO elect them.
Or, is that a very sick punk politician's circuitous way of asking for institutional help?
And to think that some wag just accused me of using inscrutable jargon, i.e., twisted semantics! :)
Sometimes even "yes" isn't an adequate response, when people say you're trying diverse jargon to get them to notice their own broken semantics. When enough different options are introduced, someone in the audience at a Kabuki play will eventually accuse you of indirection, while STILL not seeing their own. Fine. Should we just bribe a politician to formally name the next government Fiscal Spending measure as the "Word Games Bill?" Based on past experience, even that might not work.
If that doesn't work, what's a teacher to do? Start blaming the parents? (And if they blame the storks? What then?)
To explain net creation, innovation or return-on-coordination to some Control Frauds, it may be expedient to invoke Dark Blather, but that won’t work on everyone, all the time.
From the Mad Hatter department, this just glossed over too lightly, even at MNE.
Labour says it wants budget surplus if it wins next UK electionIn a seemingly unprecedented mix of broken semantics, the only loser is the sectoral balance between sense and nonsense in public discourse.
In the great fiat debate, if anyone simply asks "what does that mean" - or spends 10 seconds doing a google search on a term - then they might quickly note the following. In the parallel universe of Double Entry Accounting as applied to sovereign fiscal policy, a "surplus of fiat" involves a net drain or a "negative" flow of net private financial savings. Exactly which "deficit" matters, to whom, when?
Some could be excused for concluding that Labour is threatening to "cut" it's citizens, i.e., make them "bleed" if they DO elect them.
Or, is that a very sick punk politician's circuitous way of asking for institutional help?
And to think that some wag just accused me of using inscrutable jargon, i.e., twisted semantics! :)
Sometimes even "yes" isn't an adequate response, when people say you're trying diverse jargon to get them to notice their own broken semantics. When enough different options are introduced, someone in the audience at a Kabuki play will eventually accuse you of indirection, while STILL not seeing their own. Fine. Should we just bribe a politician to formally name the next government Fiscal Spending measure as the "Word Games Bill?" Based on past experience, even that might not work.
If that doesn't work, what's a teacher to do? Start blaming the parents? (And if they blame the storks? What then?)
To explain net creation, innovation or return-on-coordination to some Control Frauds, it may be expedient to invoke Dark Blather, but that won’t work on everyone, all the time.
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