"...ready-made excuse to expand government and curtail liberty."
Ron Paul misses the most important point about GND. Debt is ice melted today in hopes of refreezing it tomorrow.
AOC and her bunch will be driving the temperature up a quarter degree more than the Boomers. Their approach is anything but Green, it is almost a guarantee of another 2 inches of ocean level, beyond what the boomers had intended. AOC and her state governments intend to pass around a whole lot of fossil fuels to their favorite voters, who otherwise should prefer the tort damage award in cash.
Start with Harris, she intends to use federal debt to boost teacher pay by 13 k, that is a direct subsidy for teachers against any future tort liability for co2 usage. Teachers have less real pay, like everyone else, because of carbon taxes.
The math, according to Keynesian economists tells us something.
Keynes would tell us we can rewrite the accounting identity in terms of ice melted, and solve for the solutions around one line of symmetry, ice frozen. Tort law says there is a path in that direction. So debt is ice melted, paid off debt is ice refrozen.
A Keynesian stimulus is to melt today, refreeze tomorrow. The more debt we have, the more ice we have in the temporarily melted state, the more damage to the environment, the higher the interest charges. Stimulus works because it is not market, it makes no attempt to take the 'least melted ice' path. We rely on cattle ranchers from Montana to determine when enough ice is melted.
So, Kamala melts about 60 billion a year on teachers and the teachers teach the kids how to refreeze the ice later.
What about coefficients?
Keynesians tell me they have knowledge that government has higher coefficients than melted ice, we get faster convergence. Well, the tort outcome determines the coefficient, and the economics says there is no shortest path to settle the issue. I suspect that the ice line of symmetry offers a much higher rate of convergence.
We are given three methods, Green MMT run by Congress, market, and tort. Since government already compensates for market, government correlation will be weak. The market works, if we had a real independent market, and that is where tort sets an accounting standard. Tort makes a rounded tree and the market for melted ice will form, with the proper coefficient. Hologram effect. The converging tort penalties represented in the suits pending. That in turn causes participants to buy and sell revealed liabilities.
That is the hologram effect. Confine the disturbance to a constrained channel and it sorts itself, maximizes self correlation through the channel along the line of symmetry making a workable 'measure' (ratios work, pricing works, velocity can be derived).
The Weinberg issue. The new equations are all about what sequence of 'algebras' will evolve when the chaos is constrained. He deals with a fundamental issue, there is connectivity between the current lines of symmetry and some unknown line of symmetry. A world of 'telescoping' dimensional configurations, there is a transaction that has to remain between scales, an unfinished sequence is always pending, the quantum field. So this hologram approach, the abstract tree, is a good model, the tree trunk dictates the algebra of branches and roots.
No comments:
Post a Comment