It's not M, or “near money substitutes”, it's Vt, or income not spent (the energy source / force), and the transactions velocity of re-circulation, which is indubitably, the peculiar issue.
Who’s to blame? Why the manager of the G.6 Debit and Demand Deposit Turnover Release, Ed Fry, and President Bill Clinton’s: “The Paperwork Reduction Act of 1995”.
“The legislation recognizes that the private sector is the engine of our prosperity, that when we act to protect the environment or the health of our people, we ought to do it without unnecessary paperwork, maddening redtape, or irrational rules”…”This Paperwork Reduction Act helps us to conquer a mountain of paperwork that is crushing our people and wasting a lot of time and resources and which actually accumulated not because anybody wanted to harm the private sector but because we tend to think of good ideas in serial form without thinking of how the overall impact of them impacts a system that is very dynamic and very sensitive to emerging technologies but which Government does not always respond to in the same way.”www.presidency.ucsb.ed...
Frictionless / expeditiously propagated financial perpetual-motion, involves putting savings uniformly and efficiently back to work (connecting pooled savings with borrowers), productively transferring and completing the circular flow of income [uni-directional “Brownian ratcheted” mechanical inputs and outputs, savings “prevented from rotating in the opposite direction”, viz., the opposite of dis-intermediated], as opposed to the destruction of funds (backwards résistance), or savings being frozen (all DFI held savings are un-used and un-spent), and dissipated in financial investment (the transfer of title to goods, properties, or claims thereto), which perpetrate leakages from the main income stream.
The Fed uses more money as its carrot, Instead of higher money velocity as a circuit analogue.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment