comments:
1. i view the world including ‘political economy’ as basically an ecosystem. as a result , most of it is basically or effectively as disconnected to me as a fish is as disconnected to a bird or tree. this includes most academic papers and theories.
2. i glanced at maybe 10 academic economics papers today basically on variants of the theme of endogenous money. i also looked at some biology and sociology papers, which to me were on same theme except in a different dialect (as distinct as swimming versus flying, but same concept—motion).
3. i’ve read little minsky directly; but one quote by him i saw was his opposition to a UBI—even hayek supported ubi. while JG is fine, i have a ‘higher standard’ so it depends on the job. i’d rather be paid to be an artist’s model than a prison guard or bouncer. minsky said ubi is ‘inflationary’ but JG isn’t. i don’t think that is really consistant. collecting a ubi could be a job. collecting ‘welfare’ of various kinds actually is a full time job in usa—and its just as bad a job as many others.