>>4504366

i hate to say it on one hand, but on the other I'll say it: choosing between the Phillips curve clergy and the Moneterism of Friedman makes me feel like Stan Marsh having to choose between a turd sandwich and shit taco.

I am so excited to see everyone enthused about the immenent end of the fed. I just want to point out, getting the pendulum to mean reversion via monetarist policies only does just the moves the pendelum. There was economics before the great depression ,nowadays we just call it Microeconomics. But from now going before the celeb econs influencing our modern ideas there was an underlying a debate which the two sides keynes and Friedman embodied: "the illusion of money". simply two sides: A sez: money matters in terms of Real (not face value) purchasing power. B sez: people plan in terms of denominal value rather than Real change in prices over time. Food for thought in case LdR or another bankerfag wants to pupil the anons in here.

sauce: https://en.wikipedia.org/wiki/Money_illusio

>>4504874 this bread (forgot lb on last)

bonus sauce on whats up behind the wizard's curtain in the land of monetary issues. abstracts and links i selected for any anon interested in planning for lending a hand with the post cabal systems

http://www.levyinstitute.org/publications/?docid=2593

Seigniorage as Fiscal Revenue in the Aftermath of the Global Financial Crisis

This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage) before and in the aftermath of the global financial crisis of 2008–9,… Just as the size and composition of central bank balance sheets experienced huge changes in the context of experimental monetary policies, this study’s findings also indicate significant changes regarding central banks’ profits, profit distributions, and financial buffers in the aftermath…

http://www.levyinstitute.org/publications/?docid=2213

The Rise of Money and Class Society

…the evolution of money were closely intertwined with the rise and consolidation of class society and inequality. Money, class society, and inequality came into being simultaneously, so it seems, mutually reinforcing the development of one another. rather than a medium of exchange in commerce, money first served as a “means of recompense”…

. ..While the origins of money are to be found in the origins of inequality, a well-functioning democratic society has the power to subvert the inequality-inducing characteristic of money via the use of money for public purpose,…

kwords: religious ideology: origins of money: state formation

>>4504940

in addition to his point look back and keep in mind going forward, bankers that make policy generally begin switiching outlooks prior to the crises early enough to say we only saw it at the last minute / muh we tried to warn… but thats like an assassin claiming that their knife in hand is falling towards your clavical… they have it down to a technique they know what they do, but they must not take the blame lest it violate their theodessy which holds there are no consequences to the outcomes of their exercise of free will.

>>4504967

Check it… we built that about 5 miles from here. Our men and women in uni operate aboard it, I'd think it'd be a bad little ninja in terms of ship detached on its own from fleet.