Wednesday, October 18, 2017

I wasn't invited

Rethinking Macroeconomic Policy Conference

No one from Redneck U seemed welcome, it was strictly a Magic Walrus event.  

Here is a video of Ben, stroking his beard and looking all serious:


  

The video got squashed, some how. In it he introduced his new gadget, the monetary regime changer for flatline curves.  Ben is worried about government debt in a deflationary environment, he doesn't like the uncoordinated bankruptcy of the Swamp.  He has this price level idea for a target that kicks in during the emergency.  

My suggestion is to directly do what he wants to do, wipe out government debt. He just needs to default in a fair traded environment so one part is not designated the arbitrary payer.  He wants sandbox, a better gadget.

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