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.
Not enough attention is paid to scale. Scaling is the basis of civilization. As Roger Erickson has pointed out, it is also the basis of evolution. Dizzy calls our attention to it with respect to the push for decentralization and sharing. Descaling won't work, especially in a capitalistic system in which there are economies of scale.
4 comments:
Really in depth MMT/functional finance article from Jesse Livermore:
http://www.philosophicaleconomics.com/
Thanks. Promoted.
Higher energy costs would put an end to some of these imagined 'economies of scale'.
And would put an end to capitalism as we know it too...
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