We know what's caused this malaise but the charade that perpetuates it is well armored. Our economic schools help to perpetuate this charade. All the leading non orthodox economists say the same. Our economic orthodoxy is taught like a religion. This is sustained by institutional funding to match the orthodoxy. Both political parties fol…
We know what's caused this malaise but the charade that perpetuates it is well armored. Our economic schools help to perpetuate this charade. All the leading non orthodox economists say the same. Our economic orthodoxy is taught like a religion. This is sustained by institutional funding to match the orthodoxy. Both political parties follow the same tainted economic training that schools crank out. And our corporate media carries the same parade of faithful pundits like Paul Krugman to reinforce the narrow minded doctrine learned.
This orthodoxy is structurally deficient. And no amount of tweaking around the edges to try to make it function better will address its frailty. The most glaring principle the non orthodox economists point out is its fundamental misunderstanding of what sovereign money is and how its used. Our economic principles are like a split schizophrenic personality in that spending deficits for private banking malfeasance and military adventurism is treated like a true sovereign monetary system but public spending for infrastructure and social needs are treated like private income going into the red with debt and bankruptcy.
Until the public at large wakes up to this charade that has perpetuated our lives and sees through the peripheral nonsense claiming to be the root of our ills. Our race to the bottom will progress further and faster unfortunately.
“Our economic principles are like a split schizophrenic personality in that spending deficits for private banking malfeasance and military adventurism is treated like a true sovereign monetary system but public spending for infrastructure and social needs are treated like private income going into the red with debt and bankruptcy.”
We know what's caused this malaise but the charade that perpetuates it is well armored. Our economic schools help to perpetuate this charade. All the leading non orthodox economists say the same. Our economic orthodoxy is taught like a religion. This is sustained by institutional funding to match the orthodoxy. Both political parties follow the same tainted economic training that schools crank out. And our corporate media carries the same parade of faithful pundits like Paul Krugman to reinforce the narrow minded doctrine learned.
This orthodoxy is structurally deficient. And no amount of tweaking around the edges to try to make it function better will address its frailty. The most glaring principle the non orthodox economists point out is its fundamental misunderstanding of what sovereign money is and how its used. Our economic principles are like a split schizophrenic personality in that spending deficits for private banking malfeasance and military adventurism is treated like a true sovereign monetary system but public spending for infrastructure and social needs are treated like private income going into the red with debt and bankruptcy.
Until the public at large wakes up to this charade that has perpetuated our lives and sees through the peripheral nonsense claiming to be the root of our ills. Our race to the bottom will progress further and faster unfortunately.
“Our economic principles are like a split schizophrenic personality in that spending deficits for private banking malfeasance and military adventurism is treated like a true sovereign monetary system but public spending for infrastructure and social needs are treated like private income going into the red with debt and bankruptcy.”
Brilliant statement!
Thanks Marty. Wow, I've reached brilliancy. It's all downhill here on out.