B' bye, Big Guy....

[Mark Kohut]

  One of the small but real human bad shit that happens to Volcker was when Larry Summers 
  Cut him out of the loop during the Obama stimulus and after. He just said, in effect, fuck it. 

Sent from my iPad

> On Dec 9, 2019, at 4:24 PM, David Morris <fqmorris at gmail.com> wrote:
> 
> How many XBoxes make a society venal?
> 
> But essentials, though commoditiezed, are not universally available.  So
> why bring that up?
> 
>> On Mon, Dec 9, 2019 at 2:44 PM Charles Albert <cfalbert at gmail.com> wrote:
>> 
>> I think it a much ignored fundamental contradiction...
>> 
>> If essentials become fully commoditized, and diversification of Supply
>> eliminates price volatility, then the only source of inflation should be
>> hedonistic....which is, I believe, an expression of something....uh.....I
>> dunno....venal sounding.
>> 
>> And they call it the Dismal science....
>> 
>> It's all that stands between us and moral Ragnarök.....so hug an
>> economist today....
>> 
>> 
>> love,
>> 
>> cfa
>> 
>> 
>> 
>>> On Mon, Dec 9, 2019, 3:33 PM David Morris <fqmorris at gmail.com> wrote:
>>> 
>>> I think the inherent thought is that growth is good.  Controlled growth,
>>> akin to a bon sai, is like slavery. But this ain't a terrarium.  Or maybe
>>> it is, but with tight assed weeders.
>>> 
>>> David Morris
>>> 
>>>> On Mon, Dec 9, 2019 at 2:15 PM Charles Albert <cfalbert at gmail.com> wrote:
>>>> 
>>>> I think a reasonable argument could be made that he killed it then...at a
>>>> time when no one dared touch Ronnie, Ronnie knew enough not to lay hands
>>>> on
>>>> Stretch.
>>>> 
>>>> The basket of goods looks very different now, and I don't see any single
>>>> component moving the aggregate soon...it's probably another lever being
>>>> wrenched from the control of central banks by Mr. Market.
>>>> 
>>>> But let me ask you....if the alleged benefit of progress is supposed to
>>>> include an abundance of Supply of essentials at ever declining prices,
>>>> why
>>>> is inflation "desirable"? Is that why The Man is pushing credit?
>>>> 
>>>> love,
>>>> 
>>>> cfa
>>>> --
>>>> Pynchon-L: https://waste.org/mailman/listinfo/pynchon-l
>>>> 
>>> 
> --
> Pynchon-L: https://waste.org/mailman/listinfo/pynchon-l