House of Paine

listen up dark lord

 

from the max site 
on ben's gentle bear 
stewardship

do ya lean toward 
 slow prices or  more jobs ????

after some fancy  wind sprintin

came 
my intervention
 
" i say lets drop the bunk gang 
and
the monkey dance 
and the sleep walk too


the fed's giving me an ass-ache 

gentle ben listen up
i'm only gonna warn ya once ...


you serpent
   in sugar bear clothing 

come straight the fuck   
out with it

get transparent 

forget the bank shot shit 
hit the fuckin object ball 
square on 

post a nominal wage target 

qed

 
=================================


and else where as the econ con wonks 
grapple with honey ben's testimony



god love you doc t 

but if transparency is the goal

why not forget the inflatio ratio
 as a faux explicit  target policy 

after all
when its late at nite 
and the bottle of george d is empty

the real onjective
the real target  number is...

nominal wage rate growth 

thats the ultimo 


unpeel notions like 

core rate of inflation 
 
ignore asset markets 

factor out resource markets 
                           etc   etc etc 

underneath 
 you find an attempt
to unpack 
wage push inflation 
from 
  all other brands

and why ??

not to overly conceal my dogma

i'll simply say 
something decidedly narrower 
then long run national welfare max 
governs crucial fed actions 


---------------------

nb i used the word crucial because 9 out of ten decisins
look pretty close
 to ones  that would have been
 built
 on a broader set of klass interests 


 only at super crunch time
do klass interests openly oppose one another