Happy Hours post Magna Fiasco
When the base is twisted, the building must be vulnerable to an outside shock. Notwithstanding, the sun will rise next morning and shine all over the ground, with or without the building. Macroeconomics Fiascos: Resident Aliens 1. The investors in charge of “ I ” 2. The central bankers in charge of “ r ” and “ M ” 3. Secretary of the Treasury in charge of “ G ” in general and “ Δ G ” in particular 4. The Capitol Hill or the Parliament in charge of “ T ” in general and “ ΔT ” in particular “ Consumption ” 1. Always and everywhere for “ luxuries ” only; never for Investment of any sense 2. Absolutely forbidden from multiplying “ Going Fiscal ” 1. “Consumption without production” is possible as needed, particularly in the short run. (Note: there is a “constant” added to t...