The Chimera of Macroeconomics

  Again, where there is yin ( 陰 , yin ) there is yang ( 陽 , yang ). The invisible hand, the market and the economy always and everywhere have two hands. In the first place, “The purpose of production (+) is consumption (-)” (to Adam Smith). Where there is a giving hand (+) there is a receiving hand (-) and vice versa . Each and all of all the kinds of matters, except for “liquidity” in Cambridge, never die or fade away “into the thin air.”              Each and all entities, but for a nonentity (0) or an Eternity ( ∞ ), have two ends , or two hands if we will, one vs the other, south vs north, east vs west or the like. Surefire ( 明若觀火 ; 明若 观 火 , míng ruò guān huǒ ), the principle of mass conservation!   12) Effects of Sticky Wages . Sometimes in macroeconomics, the sticky wage is named as the culprit of the sticky price. True or false, good or bad, or right or wrong, where there is a wage payer there must be a ...