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80 sats \ 5 replies \ @Undisciplined OP 24 Sep \ parent \ on: Our Economy Has Never Needed an "Elastic" Currency econ
There might be people who would put it that way. I think the first point needs to be amended with something like "...but no one has sufficient information to respond to shocks in a beneficial way."
Unless the objective is to pretend you're doing something in response to political pressure, (but what you're really doing is handing out favors to the wealthy), and subsequently to be fellated for your brilliance in the corporate media
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Is that what a benevolent social planner would do, though?
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Indeed, our current benevolent social planners verify their own benevolence by the amount of fellating by Paul Krugman they receive.
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Imagine writing out that objective function
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It would make for an entertaining PhD thesis, at the very least
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