Thursday, 25 August 2011

A Confederacy of Dunces - The FT Editors, Michael Woodford and the QE3 Opposition

The bourgeoisie and its acolytes are busy advising Bernanke not to indulge in a bout of QE3 because, so they say, it will be futile - it will not force corporations to invest and will result only in inflation. This argument is based on a palaeolithic understanding of how the capitalist economy works (or doesn't). The FT also has an editorial on the subject today.

Those who are interested in the theory of the New Neoclassical Economics can find it in this review article.
http://docs.google.com/viewer?a=v&q=cache:A1Vx7xOkLaUJ:www.columbia.edu/~mw2230/Symposium/BoianovskyTrautwein.doc+M.+BOIANOVSKY+(1995),+%22Wicksell's+Business+Cycle%22,+European&hl=en&gl=au&pid=bl&srcid=ADGEESh06nf9wLJGKZT06rjqhLhzJ64KBpSSFlcXcMhBKOUGX5YowUEGK8bGUQKsGJhoZ18sv3ndkcflKzDqKr4_fFMBeVvakSRKK98xrpx1dWajLsp1DlxHBXIkqgKMsVDwemTr24Sk&sig=AHIEtbToNgaNun3rJHu5CFV8fNI8qRpIxQ

What these patented morons do not understand is that IN ORDER TO FORCE CORPORATIONS TO INVEST IN THE US AT THIS STAGE OF THE CAPITALIST CYCLE, YOU SIMPLY MUST THREATEN THEM WITH UNPRECEDENTED INFLATION!!!

Only THIS WAY will they know that unless they invest their capital will be destroyed, eaten away, wasted, annihilated by an inflationary tsunami!!

Furthermore, and we would ask our friends to go back to the theoretical pieces on this site for further elucidations on the matter (we simply do not have the time, busy as we are with the 'Nietzschebuch'), there are utterly PARAMOUNT geopolitical and geoeconomic reasons why the US MUST flood the world with greenbacks to destroy the export-dependent regimes of China and Germany, as well as Japan and Korea, that will otherwise destroy our own more democratic regimes!! (See our piece on "Absolute and Relative Exploitation".)

We really do not have time to re-contest the theory here today, but we would invite our friends to look through our theoretical pieces on this site. Happy reading!



1 comment:

  1. They should try to seize the capital (what Frued called "Das Kapital"). Once they have secured the means for investment for themselves, they could then do as they please and let the divested weep and groan all they want.

    This is how a modern capitalism morphs itself into novel, unheard of constructs. Under this regime new doors open to reveal fresh, virgin landscapes ripe for development.

    This is real progress. Not the usual can abuse where problems are papered over and solutions shelved.

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