Bank economist inadvertently admits that neoclassical economic theory has little to do with reality:
"Good to see the economic theory playing out in reality, for once."
#KelvinDavidson, Chief Property Economist, #Corelogic
#kelvindavidson #corelogic #economics #economicTheory #neoclassical #banking
Money behaves as though it has mass. Back when money had actual mass and volume, those limited concentration of wealth. But now money is idea-based. Every hoard is a singularity. Small ones evaporate quickly, but big ones become black holes that devour all nearby economic value.
On the creative vacuum of leadership, the senseless occupation of humanity...and what we all might do next.
"Economies and entire civilizations have been built around whatever gives people more stuff to do. But just doing stuff, isn’t enough."
#Economics #Capitalism #Violence #BoredApes #Socialism #JobCreation #SocialTheory #EconomicTheory #Automation #BasicIncome #Creativity #History #Inequality
#inequality #History #creativity #basicincome #automation #economicTheory #socialtheory #jobcreation #socialism #BoredApes #violence #Capitalism #economics
@muehlfield@social.tchncs.de
#MMT is the best #economicTheory for the #99Percent, right mommy?"
#mmt #economicTheory #99Percent