Thursday, January 25, 2018

The original problem being solved in 1970

Basically, the economists were tasked with making sure government can make the economic system dense enough so labor can find mobility.  Central government, via central banking provided a mild evolution insurance, a path forward or a soft landing for workers.

The sandbox accepts that challenge, if there is a natural 'covering' of the economy for this purpose the  try it out, in a competitive monetary system.  Central banks still control the tax fiat, use it, central banks and their debt cartels need to jump in head first..

I can buy into the idea of employment insurance, labor markets are often uneconomic. I can buy into the debt cartel, Congress is often uneconomic.  

It is simply that the sandbox prices the debt cartel, enforcing free entry and exit. The central bank sets a liquidity ratio allowing all parties access to central bank fair trading, by personal contract.  

Otherwise, central bank can be profitable by renting out bearer cash, if you please.  Stuck on this, since free entry and exit implies cash transactions. Sandbox got rules.

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