Robert Reich still stuck in his own contradiction

Warning: Why Cheaper Money Won't Mean More Jobs
Robert wants to tell us.

The steep yield curve (he calls it cheap money) simply powers consolidation in the producer end (he gets this right!)

Then follows up:

What we need now is more jobs, not bigger corporations. And that means focusing on the demand side of the economy, not the supply side.

Well, the whole point of the steep yield curve was to expand the retail sector, but it didn't work did it? We simply got the economy to accelerate producer consolidation.

Robert is going to call for it direct hiring by Congress of millions of workers. Unfortunately that requires consolidation of central government, otherwise the states go broke. He can propose the state government do the hiring, but they need central government money, and Obama is spending that money on central government businesses. Robert is stuck, and most assuredly will resort to bad math.

The Krugman solution is to call for bath math, make it central bank policy: Yeglesias points to Paul's paper on Japan:

This means that the central bank must make a credible commitment to engage in what would in other contexts be regarded as irresponsible monetary policy – that is, convince the private sector that it will not reverse its current monetary expansion when prices begin to rise!

In other words, make money an irrational good.  This might work as the Japanese economy a contracted until there was more than enough money flowing to make money the surplus good.  If you tell us to make inflation, we do so by making all other inventories sparse relative to banking.

The problem folks is that we create the maximum entropy channel to handle whatever nonsense government or central bankers through at us.  The monetary economy will prevail against bad math, just like it prevails against all constraints.