Weekend Economists Clean Out Davy Jones' Locker, March 2-4, 2012

[Demeter]

23. TRUE SUBVERSION MEANS NOT "GOING ALONG TO GET ALONG"

...Some attendees came up and explained that they had come all the way from Spain, others from France and cities across Italy. And although we did many press, radio and TV interviews, we were told that the major media were directed to ignore us as not politically correct.

Such is the censorial spirit of neoliberal monetary austerity. Its motto is TINA: There Is No Alternative, and it wants to keep matters this way. As long as it can suppress discussion of how many better alternatives there are, the hope is that the public will remain acquiescent as their living standards shrink and wealth is sucked up to the top of the economic pyramid to the 1%.

The audience requested above all more theory from Stephanie Kelton, who gave the clearest lecture on economics I had ever heard – a Euclidean presentation of MMT logic. For a visual of the magnitude, see

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At the end, we felt like concert performers.

The size of the audience filling the sports stadium to hear our economic explanation of how a real central bank should operate to avoid austerity and promote rather than discourage employment showed that the government’s attempt to brainwash the population was not working. It was not working any better than Harvard’s Economics 101 class, from which students walked out in protest against the unrealistic parallel universe thinking whose only appeal is to Aspergers Syndrome sufferers who are selected as useful idiots to train to draw pictures of the economy that exclude analysis of the debt overhead, rentier free lunches and financial parasitism.