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.
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Wednesday, July 31, 2013
Josh Bivens — GDP Shows The Economy is Growing too Slowly to Improve Employment
GDP Shows The Economy is Growing too Slowly to Improve Employment
There are already endless articles on increasing automation of things we're already doing ... and wondering what else we'll do with all the newly found free time available for all our increasing numbers of citizens.
What's the problem?
According to the NeoCons, SOMEONE has to own all that steadily increasing FIAT. We can't just let people own their own, distributed fiat ... can we?
Why, who knows what they might do with extra free time AND the resources to explore their exploding options!!!
Uh ... surely some wag sees the obvious, the need to redefine what "work" means to us. If we have enough organization to free most people from most mundane work ... then "work" simply becomes invention and exploration of options.
Really. What, exactly, is the problem?
We have exponentially expanding returns, in the form of return-on-coordination. Now it's just a question of optimal Asset Allocation.
If we want the quality of distributed decision-making to improve, then we have to free people to explore their own options. We need an ACT LIKE AN OWNER movement, where citizens act like they own their democracy.
Oh, by the way. If the quality of distributed decision-making improves with better asset allocation ... THEN THE FREAKING ECONOMY MIGHT GROW FASTER! CAPICHE?
http://en.wiktionary.org/wiki/capiche
[How is that, in the land of Marriner Eccles, we even need to HAVE this discussion?]
There are already endless articles on increasing automation of things we're already doing ... and wondering what else we'll do with all the newly found free time available for all our increasing numbers of citizens.
ReplyDeleteWhat's the problem?
According to the NeoCons, SOMEONE has to own all that steadily increasing FIAT. We can't just let people own their own, distributed fiat ... can we?
Why, who knows what they might do with extra free time AND the resources to explore their exploding options!!!
Uh ... surely some wag sees the obvious, the need to redefine what "work" means to us. If we have enough organization to free most people from most mundane work ... then "work" simply becomes invention and exploration of options.
Really. What, exactly, is the problem?
We have exponentially expanding returns, in the form of return-on-coordination. Now it's just a question of optimal Asset Allocation.
If we want the quality of distributed decision-making to improve, then we have to free people to explore their own options. We need an ACT LIKE AN OWNER movement, where citizens act like they own their democracy.
Oh, by the way. If the quality of distributed decision-making improves with better asset allocation ... THEN THE FREAKING ECONOMY MIGHT GROW FASTER! CAPICHE?
ReplyDeletehttp://en.wiktionary.org/wiki/capiche
[How is that, in the land of Marriner Eccles, we even need to HAVE this discussion?]