Micro Finance

MICRO FINANCE unknown to many is the sole panacea to mass poverty eradication in human society.The blog specifically focuses on the industry around the world but with more bias on Africa-unarguably the poorest region of the world.

December 30, 2019

THE MARSOLIST MANIFESTO AND THE ABRAHAM'S LAW;THE TRUE WEALTH OF NATIONS.PART 8

THE TRUE INVISIBLE HAND.uses the term scientifically to refer to a rise in the sustainable debt exchange of debt money supply. Marsolism differs  sometimes in the two variation identified below.The first type relates to mere growth in the circulation of debt finance, that is an increase in the supply of debt money in a debt economy is monetary debtflation.This is a bit distinguished from growth in the proportion of debt prices or rising debt prices associated with the price debtflation.Debt economics agree that in the long run, debtflation is caused by increase in the debt money supply.Moreover, it also refers to a general trend in debt prices hike and stability of debt exchange.For instance,if people choose to buy more jumbo loans than more microcredit, jumbo should exert more pressure on prices.Should the rational demand be applied under market rational forces,the stability of flat prices result only in growth of volume or quantity, not prices.In the debt economy, there are specialized legal tender debt currency, as opposed normal legal currency circulating in the mainstream economy.Other debt economics concept related to debtflation,include such as asset price debtflation,a general rise in the prices of debt microfinancial assets, without corresponding increase, in the general debt prices, driving actual or desired debt goods and services . Counter or conImage result for THE PHOTOS OF WORLD GREATEST ECONOMISTS

tro debtflation,or disdebtflation:it deals with a fall in the geImage result for THE PHOTOS OF WORLD GREATEST ECONOMISTS

neral
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December 28, 2019

THE MARSOLIST MANIFESTO AND THE ABRAHAM'S LAW;THE TRUE WEALTH OF NATIONS.PART 7

THE MARSOLIST MANIFESTO AND THE ABRAHAM'S LAW:THE TRUE INVISIBLE HAND.7.Apart from the fact that market rational forces,could function on its own without the interaction of volatile market forces,to give us a picture of the Marxist type economy or classless society, the depth or mode of applicatio of the law, specifically in the debt exchange stabilization process, matters a lot.However the theoretical consensus view is that a long and a sustained period of debtflation,is caused by debt money supply, growing faster than the rate of mass poverty incidence,the so called headlong approach,in the debt economy.Today mainstream economic is fast imploding and irrelevant, where no bold attempt except for microfinance is made to ensure full employment ,attack or eradicate the twin evils.
Debt economics favours a high and steady rate of debtflation.It encourages universal prosperity, eradicate mass poverty,banish inequality of wealth.Through the balance of credit payment,it offers adjustment mechanism for every economic agent to be able to adjust their living standards from penury to riches, in this era of universal capitalism or Marxist capialism.The task of keeping debtflation low, in the firstI instance, may be graduated to a high and steady state, is a choice determined by debt monetary authorities like CBM for instance to handle.Other definitions for debtflation, refers to the growth or Increases in the amount of debt money finance in debt economy at a given period.Debt economiNascido em Viena, na Áustria, no seio de uma família de cientistas e acadêmicos, Frederick Hayek é considerado o “pai” do neoliberalismo como doutrina econômica. Ele acreditava que a melhor forma de prevenir crises era a ausência do estado na economia – mostrando-se um ávido defensor do livre-mercado. Uma de suas principais ideias era a de que nem mesmo a emissão de moeda deveria estar nas mãos dos governos. “Se não fosse pela interferência do estado no sistema monetário, não teríamos ...Irving Fisher (1867-1947) was one of the greatest and clearest-thinking economists of all time.  He established the theoretical support for modern discounted cash flow analysis, writing that “the value of capital is the present value of the flow of (net) income that the asset generates.”  But he also had other claims to fame … some noteworthy, some less worthy.  In his early 30’s he was stricken with tuberculosis and developed an interest in health.cs
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THE MARSOLIST MANIFESTO AND THE ABRAHAM'S LAW;THE TRUE WEALTH OF NATIONS.PART 6

   In this guise,considerable growth in debt money supply is the only antidote to attain the posile equation of the equalitarian income wealth hypothesis. and therefore grow the required debtflation rate, from the steady approach of debt price stability.In the Abraham's curve there is inverse correlation between full employment and debtflation, then debtflation and universal prosperity.This contrast sharply with Philips curve, which predict an inverse relationship between inflation and unemployment. While it suggests a trade off between price stability and employment, that to buy an increase in the quantity of inflation, at the price of more employment, debtflation and employment, move in the same direction.The trade off ended with the stagflation of the 70s when unemployment and inflation, go in the same direction,an epoch that inspired debtflation.This trade off was predicted by Milton Friedman and led to the prominence of the monetarists movement and the later preeminence, it enjoyed ever since.
Joan Robinson On The Problem of Full Employment  November 26th, 2011     I have been going through my books recently to search for economic insights from times long ago. After ear-marking Alvin Hansen’s Fiscal Policy and Business Cycles as the Xmas break reading (1941), I turned to the shorter The Problem of Full Employment by Joan Robinson (1903-83), a British economist teaching in Cambridge.Um dos principais mentores do modelo capitalista atual, Joseph Schumpeter conseguiu entender como ninguém a lógica do capital na sociedade moderna. Em sua publicação mais célebre, a Teoria do Desenvolvimento Econômico, o economista, advogado e cientista político introduz os principais conceitos de seu pensamento: “inovação” e “destruição criativa”.
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THE MARSOLIST MANIFESTO AND THE ABRAHAM'S LAW;THE TRUE WEALTH OF NATIONS.PART 5

  That only those with power to buy can demand and it implies a considerable level of disposable income has to be in circulation of the debt economy fir people to be able to buy.And only those with power to supply,also implies a considerable ratio of capacity, boosted by saving and investment creates per capita leverage to demand.Ordinarily,the dearth of disposable income,is perpetrated by dearth of sustainable savings,itself.This savings gap like every market rational liabilities,cannot be bridged at that disequilibrium.                                            The grand plan of the marsolist manifesto, is the cheap accessibility of income by all sundry and enhances the propect of universal prosperity.This uses the law to identify the problem, prospects and then solution.There are stark privileges avail by the law,that guarantees equalitarian income that is to put income in every mortal's hands through the invisible hand.Moreover the theoretic benefits, are massive especially which the balance of credit payment and the quantity theory of debt money offer to attain this prime goal of the manifesto.Equalitarian income promotes both the proletariat and the croletariat, to accelerate the chances of universal prosperity.It is the best bet to prove that equalitarian income wealth hypothesis is possible and defy validity and warped relevance of mPaul Samuelson - Samuelson’s Economics covers both microeconomics and macroeconomics. According to the introduction, either can be taught first. Many schools will have separate course numbers for micro and macro. They might be called ECON 101 and 102.ordern orthodoxieFriedrich Engels, 1820-1895s.
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THE MARSOLIST MANIFESTO AND THE ABRAHAM'S LAW;THE TRUE WEALTH OF NATION.PART 4

   Indeed,we cannot dispute,the axiom  when juxtaposed with the orthodoxies,that the market clearing motive and the logics that supply creates its own demand or vice versa or the complex reality of Philips curve lies in the ideological freedom of this market rational equilibrium.Unlike J.B.Says,marsolism's Abraham law disagree that supply precisely cannot create its own demand,when not every economic agent or man has the economic power to invest and thenspend to buy.
Likewise,demand cannot create its supply, when not every agent has the economic power to sell.The two immediate sentences form the rule 5 and 6 of marsolism.Hence, for economic agent to reach aggregate economic freedom,where there is a connect between these aggregate rules, credit income converted into disposable income, has to be under control of every economic agent,by practice in the debt macroeconomics,M3-credit money supply has to grow by more than twice the ratio of poor population, to accelerate actualization of market rational equilibrium.
This parameter in the quantity theory of credit money is obscene, given the claim by monetarism,in the quantity theory of money,about the immanent role of money and its influence on inflation.Yet it is embarrassingly obvious, this gospel truth of self regulation,uncovers itself as the true invisible hand.By all ramification,for theThomas Robert Malthus (1766-1834)   Economista británico de la escuela clásica, discípulo de Adam Smith. Estudió en Cambridge donde se graduó en matemáticas y se ordenó religiosamente como pastor de la Iglesia Anglicana. En 1805 fue nombrado profesor de historia moderna y economía política del East India College, con lo que, de hecho, fue el primer profesor de economía política de la historia.
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THE MARSOLIST MANIFESTO AND THE ABRAHAM'S LAW;THE TRUE WEALTH OF NATION.PART 3

 Though there are exceptions to the rule, in that self interest is not often being driven by market rational forces,to defy the Abraham's curve where the rule or the law fails to apply.Objectively,one should  not exhume dubiety to tinker with the fact that where there is misleading mismatch between market forces and market rational forces, regarded as market rational disequilibrium.This inherent structural inequity, a causal dislocation at this Abraham's curve causes inflation and unemployment,poverty and unfavorable business cycles,familiar with mordern economics.It seem that market forces are not reliable gauge for equality of wealth and universal prosperity,and the seed capital of its own destruction.If we attempt not o condescend or vouch safe this distressing portion of the curve,Abraham negative curve which condones market rational disequilibrium,we reach the market rational equilibrium,where the two forces meet and the inherent causal macroeonomic dislocation vanishes, like a meteor.Then we are propelled not to convincingly label economics again with the tag 'dismal science'as popularised by Thomas Carlyle.Of course,it sound absurd and indeed the theatre of the absurd to concur that supply creates its own demand.Nor is it rational to infer that market clears,in such market neurosis or causal dislocation it bestows upon itself
John Stuart Mill, 1806-1873  Educado desde muy pequeño directamente por su padre, James Mill, se convirtió en una especie de niño superdotado intelectualmente aunque con dificultades para sus relaciones sociales y con el sexo opuesto.     Liberal, pero profundamente preocupado por las cuestiones sociales, defendió la libertad sindical y el cooperativismo. Fue pionero del feminismo y, en su juventud, fue arrestado por propagar métodos de control de natalidad.
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December 24, 2019

HABBIT FORMATION AND DEBASED VALUE IN A SOCIAL ENTERPRISE.PART 6.

 Human Habit.of this institutional distress, threatening the sanity of socioeconomic system, could markedly by its hollow self be counterclockwise, counterculture and counter cyclical boon to ebonoid over the long haul.Thomas infringement on the right of intergrationists to be heard, opted for autonomous distinction of the black universe.The redundant entrepreneurship of universal justice, propeled by the prejudical  norm of the hate system,warranted by sectarian justice, to balloon by the inequal fabric of the prejudiced custom and tradition, driven by natural selection, was catalyst, responsible for the explosive burst of sectarian technological freedom of the volatile mordern age.Selective Mankind,basking unseemingly in the plethora of this technological freedom,might be doing themselves,surreptitiously untold and unknown hardship, by persecutorial bent of this depraved social enterprise, in view of the imperative buoy of karma derision of  retributive justice. Any attempt that dominated the natural forces should not be confused w ith a fraction of frangible resolve to dominate the  rubric of mothernature. It is not the former that pays the karma price,for the entire mankind tediously tied to the apron spring of institutional equity and constitutional liberty,to exit the inglorious times of  the middle passage into the nirvana, where the Marxian concept of classless society, indemnify all mortgaged mortals , with equa litar ian dividends of universal justice.
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HABBIT FORMATION AND DEBASED VALUE IN A SOCIAL ENTERPRISE.PART 4

to the disintegration of Soviet Union in early nineties, when he was nominated to the Supreme court, and having written over seven hundreds opinion, his quirky view about race being the center of his jurisprudence, hasnt change a bit.He must have been a disciple of  Oliver Wendel Holmes, to me tosubscribe to the legal realism that took the nation's courts by storm, during his childhood period, which was dealt a blow by H.L.Hart of the school of legal formalism.The passage of times as well as that of the checkered erudition,has come with extrinsic and intrinsic force that propel Thomas, to revive, the fate of legal realism, once advocated also by Benjamin Cardoso, Roscoe Pound etc. The author himself barely discountenance the probity or mendacity of Thomas postulation, but to append with historical fact, the empirical evidence of institutionalized vintage fallacious position of the social enterprise's debased value. The complex challenge of immutable psychological position in this racial context of intangible or tangible vintage fallacious libido is racial inequality, a boon to the bucaneers of justice. Human and social prejudices of the arts system, with lopsided value system reflects the summersaults of the human or social intergrity.Much more appalling to be seen to interogate the intergrable industrialisation and interoperability value of universal justice,shortchanged by the operative structural inadequacies of the human or social prejudices. The stressful nature of this
Man and Woman Discussing And Sharing Ideas
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HABBIT FORMATION AND DEBASED VALUE IN A SOCIAL ENTERPRISE.PART 3

Habit formation contd.a farce of empircal burlesque. The incorrigibility arising from the betrothed arts' passionate commitment libido, might lampoon the need to change most profitable ethos that has shaped the course of a life.It may be extremely hard for the human personage to jettison a once bounteous course of his satisfactory life, that might have given it,either the glorious or imperial antecedence.To strangulate this lucrative mode, is to extinguish the concrete pedigree of accomplishment, sometimes attained by deposition of moral sanctity. This is what i call Vintage fallacious libido, and we hardly change the deeds of human arts, tradition of the human enterprise and deeds of social arts, custom of social enterprise, once formed.To a larger extent, prejudicial arts system strangulated along this rationale is invariably infallible. Let me here quote from the words of wisdom of Clarence Thomas, the most successful and longest serving supreme court justice in the United States, when he detailed his vision and profile in the Atlantic.He says:"There is nothing you can do to get past black skin. I dont care how educated you are, how good you are at what you do,you'll never have the same contacts or opportunities , you'll never be seen as equal as white".This wisdom must have been informed by the strains of  intellectual fractional distillation of dark groping years of street erudition, that was begun from the precinctMan and Woman Having a Meeting in the Office
s of Savanah in nineteen fifties to the sixties
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HABBIT FORMATION AND DEBASED VALUE INA SOCIAL ENTERPRISE.PART 2

.                  
There is empirical evidence that the upward trajectory of technological freedom, will signal more downturns  and exercerbate the existing deposed value system of the depraved mordern man..Given that we are known by what we do, obviously shows it is  not an opinionated fact after all baptism of impression is equivalent or equiproportional evidence of its etchings and etchinated fact.Hence , we are mindful of ethical fact, through which even technological freedom itself is obsessively perpetuated.Graphically, it is indubitable that such deeds institutionalised as habits, indicates the true identity of the existing arts.It requires that action be formed upon this basis, rational or irrationally irradiated to further stamp the standard impression, and the stigma or the applause tagged with it is identity.The detonation of habit gives us this branded label stamped on our ego.The stimulation of the intrinsic values makes identity questionable,when p erfidious deeds with no optimal value as highly misconstrued identity, permeate our telestation or vista.Given that the opinions of habit, that fuels the act tion and action motive culminate into the habit of human enterprise and operative custom of the social enterprise. We agree that deeds,stability of habit and its  habitat , custom can be changed given that they are formed by opinionated fact,sometimes a Woman Giving A Presentation
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HABBIT FORMATION AND DEBASED VALUE IN A SOCIAL ENTERPRISE.PART 1

  Frankly speaking, the formation of habit seemed not to dominate a leading academic coursework of the psychological science and it has refrained all forms of entreaties   to assume the dominant position. This owed  largely to the lethargy of psychological research, going on in the varsities and various research institutions. This operative lacuna boldly written in the depraved or debased value of mordern age, that despite the growth in cumulative core science, the value system of mordern time has refused to grow, as we confused the overaching impact of mordern technology with overbearing downturn of  value system, being mindful of the fact the modular framework, for procreating befitting value system, lay not in the powers of mordern tehnology, of which mordern psychology is part integer, but the stranglehold of such core competency, lay in the science that Sigmund Freud popularized as neurologist.This academic and intellectual neorosis has refused to heal as modern technology skyrocketed in the face of demoted value system, deposed by rarity of coherent psychological science to serve as operative calibration in view of standard value system as opposed to defacto value system , of the volatile mordern age.The existing chaos is bound to escalate as technological freedom explosive behemoth boomerang beyond proportion..



Group of People in Conference Room
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December 23, 2019

MARSOLIST MANIFESTO AND THE ABRAHAM'S LAW.PART 1

SOLIST MANIFSTO  AND ABRAHAM' S LAW : THE TRUE WEALTH OF NATION. 1.                                             There is no disputing the fact that capitalism is bound to fail, in the same way that communism had failed in eastern Europe. The foresight error of its exponents was to be blamed and could not be exonerated from the precincts of its institutional quagmire that crashed in early nineties.Although Adam Smith had discovered the invisible hand,but certainly,he had not identified the true invisible hand,the magical charm behind the mordern miracle of the neoliberalism and western civilization, especially as it  were over the last two hundred years of capitalism ever since wealth of nation was published in 1776 or after the exit of Adam Smith.    This true invisible hand now uncovered as Abraham's Law, otherwise known market rational forces or the theory of necessity and liabilities, has been responsible as catalyst, for the industrialisation and sustainability of mass capitalism of the period under review.Hence the utilitarian theory of capital should have proceeded and evolved sustainably over the period the way the capitalism structure had matured and twin evils wouldn't have been major challenge today.                  When Smith argued for the need of self regulation, those who read him paid less attention, and to note that there is self regulatory natural order in the market"that is that regulated buying and selling, supply and demand", he charted a new dawn.
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DEBTFLATION.PART 4.

     In the broad economy, given that the quatum of the poor population, is extremely overwhelming in the informal sector or the debt  economy, therendhould be more focused on the latter.  The entire broad economy should not be deregulated and dual macroeconomics floated on the two pairs with dual financial system, requires that the central bank of microfinance-CBM  as opposed to CBN policing formal sector of an economy like Nigeria, or for a country like United States, which may have federal credit reserve serving the poor population of 35million and other citizens that form part of its sector, require a commensurate quantity of credit money  to fight this twin evils.The monetary credit policy or debt monetary policy at the credit open MARKET- COMO(not OMO)'s prop up operations (not mop up )will distribute same credit money to the indigent populace guaranteed by the same hinterland at the market eligibility curve.Going by the properties of debt money, like conventional money, the former is a far better saver of wealth.With properly organised investment market, full employment unthinkable among  the orthodoxies, is guaranteed, inequality of wealth reduced to the barest minimum. The competition generated by the dual nature of the broad economy, including its dual macroeconomics, with monetary efficiency, effective capacity building and sustainable wealth generation.To be able to measure
John Maynard Keynes
JOHN MAYNARD KEYNES
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DEBTFLATION.PART 3

      for the adoption and adaptation by the longuer climes, the developing region of the world with high population of the world poor . We refer to Asia, middl east and Africa respectively. Given that mass poverty is a global outbreak, so that mass poverty even in the advanced countries would soon reach twenty percent in the forseeable future.And so, it is a global challenge and does not require sectarian justice, for universal prosperity to be perpetrated, quantity of credit money that would guarantee explosion or rise in the general debt price level and increase in the  debt oriented goods and services.To buy an increase in the quantity of debt money or conventional money is not guaranteed to change quantity as noted by the Keynesians or prices as resolved by the classical,but this twin evils.In the debt economics, eligible debtors must meet eligible creditors, given that markets are barely rational,reserve the priviledge for market rational forces to make it rational and the task or burden this golden responsibility, imposes,at this debt market eligibility curve,should let loosed rise in aggregate demand and growth in investment spending.The growth in the purchasing power of debt money would accelerate the purchasing power of conventional money.We might be apposite to put it succinctly that the growth in the quantity of money supply,in the marsolist economy would now be accelerated
Amartya Sen
AMARTYA SEN
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DEBTFLATION.PART 2

     It may seem satirical, to orthodoxies but in the world of marsolism, it is indubitably an accomplished fact that the fundamental fact in economic histry is not inflation but inequalities of wealth or masspovery  and certainly the most positivistic form of inflation debtflation seeks to extirpate the imbroglio of the world, cradled with the advent of the stone age.Marsolism believes to banish the twin evils of mordern civilisation and engenders universal prosperity, outwits the competency of  the orthodoxies, with the exclusive preserve, rests upon the shoulders of marsolism.This guarantees sustained increase in the universal prosperity.Economies worldwide in view with debt macroeconomics,requires an exponential growth of debt oriented goods and services, for the assuage and banishment of this twin evils.In the balance of credit payment interacting with the quantity theory of credit money, a standard debt economy is needed to achieve this mainstream goal of neomordern age.This indicates that twin economies formula, that is the mainstream economy or formal sector, should function alongside the debt  economy that ordinarily must crytalise over the informal sector environment, to assume the golden responsibilities.It shows that the general economy, should now be classified as broad economy, incorporating dual macroeconomics, along this rational divide.This is particularly interesting for
paul krugman
Paul Krugman
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DEBTFLATION.PART 1

   The article published below by the blogger IBIKUNLE LANIYAN, intends to usher in a new dawn in economics especially macroeconomics and also change totally the way we treat prices and the strategic impact of money supply on inflation. It critically revolutionizes economic thoughts and peruses how growth in debt price level result in poverty eradication and universal capitalism                                                                                                       The specter of change is set to revolutionize the world of macroeconomic thoughts and the boon to modern economics shall be empirical proven.Enjoy the reading. The newly developed school of market redistributionism or marsolism, is poised to critique the existing orthodoxies, not the  way Adam Smith, did to the Thomas Mun 's bullionists and the physiocrats in France, or the way the beleaguered classical economics theorists were toppled by the neoclassical s or the bashings by the Keynesians, meted out to both classicals and neoclassicals during the second World war. In the newly developed school of marsolism, the neoliberalism of the west is anathema to neomordern  development as did the orthodoxies of the last two hundred years.It might have been for the preceeding period,that ballooned global prosperity,but no more this stead to threat debtflation as the fundamental

Joseph Stiglitz
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December 22, 2019

ESSENTIAL CLARITY ON TRAFFIC DRIVERS.PART 1

Driving traffic can be fun especially sending free traffic to your blog and at the same time can be much more naughty than you think.Exercising control over key terms and critical issues also pretty difficult matters to assume too quickly a soft landing.Anyway it is surmountable for the passionate minds,when you invariably get down to the brasstacks.Driving traffic free or paid get us similar outcome at the end though at no cost to the former and most rational webmasters or bloggers would likely preffer this less traveled route.Hence we have the longer version and then the shorterversion whichever way you decided to apply.In the short analysis if you wont spend time,but you must spend money hardly querrulously pleases its apologists.But if you wont spend moneythen you must spend time,that is the long version.According to a friend of mine Paul a webdeveloper who knew Linda Ikeji,a leading blogger in Nigeria also concurred more than five years ago that paid traffic was faster.Well where free traffic comes from
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December 18, 2019

THE PANTHEON OF KONGI 'S NOBEL.PART 2

.The Death And The king's Horsemen, with popeyed captive audience stuck to the stardom gizzard pocketed the Nobel . adulation adorns his ovation court, where from the play of Giants to Idanre And Other poems; A Shuttle In The Crypt, The Man Died:Prison Notes, Ogun Abibiman, his marathon poetry, his pantheon of magnum opus endears him to the galaxy of the bards and holoipoloi alike.Those glides, gibes and floodgate of gloatings and gobbledygooks, flung at his visage, direst cracked a nuanced ring of gordian knot of brass and gold.Bidding frenetic earth offbay and feverish beneath seas afloat above sepulchral swamp.Cosseted with avalanche of gratitude,green eyed grouchs,in grotesques,grating davy jones locker.How this berth of modest charms,dunked him innocuous satire,a plebeian prisoner of conscience.So glides he,torpsy turvy astride,brazen autumn upon his satiety,swiftest hours had overgrown mothernature as they flew into dingy space. So, slides he above irrascible circumcision and frippery of endowed derelicts, jaywalkers of sorcery, Jay breakers of mutiny, janitors of savagery.And where he this fringe lie, being frogmarched, grievance on the open sore of dark continent grimace him, but gallantry over this plunge hath frenetic frequence and carol the mystery gunman in the trenches trenchwarfare.still on horseback towards the nirvana, too horsedecombat to overturn, laggards on horseback a greenhouse plant with moisturised eyes, to molly coddle
Click for more detail about The Lion And The Jewel (Three Crowns Books) by Wole Soyinka
The Lion And The Jewel (Three Crowns Books)
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December 2, 2019

MACROECONOMIC THOUGHTS.PART 25

From the theory of Johann karl Rodbertus,another Sismondi's protege,karl Marx was influenced to theorise communist revolution,given the incorrigibility of the growing severity of business cycle,bound to crash,he noted revolution would be the correcting point.Only passing references were made in Marx main book Das Kapital(1867) compared to his post humous books such as the theories of surplus value.In 1800,French Economist Clement Juglar first identified economic cycle 7-11 years and from this theory another chapter in history was developed where Joseph Schumper a Havard economist first identified fourstages in Juglar's model.They include expansion,crisis,recovery and recession and in a close examination of this model,Schumpeterassociates recovery with growth in productivy,aggregate demand and prices.Then he proposed like his colleagues use of business cycle typology after their discoverers.They include kitchin cycle,3 to 5yrs;Juglar cycle,7 to 11yrs;kuznet cycle, 15 to 25 yrs and kondrantiev cycle45-6o years
John Maynard Keynes
JOHN MAYNARD KEYNES
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MACROECONOMIC THOUGHTS.PART 24

The Association For The Relief of Manufacturing Poor'was prepared in patnership with his comtemporary Jean Charles Leonard de Sismondi.They both identified underconsumption and overproduction as causes of business cycle and both causes too were linked to inequalities of wealth.They advocated government intervention and socialism,even before keynesian and Marxism popularised them.Though Sismondi's theory of periodic crisis fired the first salvo,still they couldnt peruse the basic rudiments of market socialism.It is becoming clearer that over the years of relentless academic evolution that without the advent of macroeconomic era or appropriate macroeconomic theory,successive scholarship and research interest wouldnt have been generated in its study among economists,ever since underconsumption theory was developed in 1930s as heterodox branch in economics and later systemised by keynes.Charles Dunoyer's theory of alternating cycles and latersimilar theories were inspired by Sismondi's th
Friedrich von Hayek
eory of periodic crisis.fredereik Von Hayek,the author of Road To Serfdom.
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MACROECONOMIC THOUGHTS.PART 23

Stood more than three times than that of 1900.A textbook economics had lamented:Does it means an average person in 2000 was three times better off than the average person of 1900?Certainly not an embarrasment to mainstream economists but a cummulative dent to the market intergrity they seek to protect.Business cycle tends,to stall steady growth momentum,an operative lacuna from which development cycle exploiting credit cycle is poised to bridge.Unfortunately,such notion in most cases would be considered quite obscene to economists in general.Does it mean the upward movement and downward movement of gross domestic products(GDP) also popularly known as trade cycle or economic cycle could be stopped?That is to ensure the mordern society is rid off of these twin evils.Infact not until Ronald Leo Sismondi was vindicated in the panic of 1825,classical economists largely denied the existence of business cycle.Likewise Robert Owen an utopian socialist and texture manufacturer in the Report to the Committee of the
Milton Friedman
    Milton Friedman
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MACROECONOMIC THOUGHTS.PART 22

on average lasted 58 months and average contraction 11 months.After 1990,expansion average 95 months and average contraction 11 months.Even with better measure or broad gauge as GDP coupled with advent of macroeconomics which downplayed the significance of business cycle research until recent times,time lag to sustainable growth hasnt decline,but its abettor especially with the ineffective role of monetary policy at managing the boom and burst cycle.For instance,the recession that was begun in December 2007 and lasted 18 months broke the record of 1973-75 and then 1981-82 that lasted 16 months now became the longest postwar recession in American history.Sometimes,it could be worrisome when you look at this nonlinear growth and this affect GDP Straight line course.For instance it could have been more,had the percentage loss been added,that is world GDP grew by 59 times since 1960.And without been adjusted for annual inflation of the period.Now per capital GNP in 2000 in the United States stood three times than
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December 1, 2019

MACROECONOMIC THOUGHTS.PART 21

focus only on goods and services domestically produced in America.It influence marsolism's sovereign national credit income account(SONACA) and (GAP/GOCAP) a miniature GDP equivalent for the yet unorganised debt economy.Kuznet efforts provided a better template at measurement of economic growth andgood framework to handle the cycle.Most theories on business cycle focus more on monetary policy or agricultural weather climate and it speaks volume why it should not be underrated or underestimated as central economic problem and boon alike especially to investors profiting largely from market downturns.Several institutions like NBER have examined its volatility in America using GDP,and real indicators like employment,inflation,income and wholesale retail,industrial production etc.General speaking according to NBER,that since the second world war,expansion had taken an average of 95 months and contraction phase an average of 11 months.It uses data on debt and market to measure ex
Lawrence Robert Klein
pansion since 1945 and it says        Robert Klein
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MACROECONOMIC THOUGHTS.PART 20

The cradle of macroeconomic thought obtains its stronghold from two sources for the upteempth time the monetary policy and business cycle.The latter being the subject matter and main puzzle for which the latter revolves and the entire macroeconomic school of thoughts also revolves by evolution was begun in 1860,from the research interest of William Stanley Jevon and Clement Juglar.Hence from that pioneering effort spiraled the contribution of successive generation of economists that followed thereafter.They attempted to explain business cycle and the best attempt in this context was the foundation of U.S. NATIONAL BUREAU OF ECONOMIC RESEARCH(NBER) in 1920 a boom period by Wesley Mitchel and that glorious institution produced and engaged some of the finest economists,the world has ever seen.We can still remember the likes of Simon Kuznets the pioneer of America's national income statistics that was later called gross national products and later changed to gross domestic product(GDP) in early 90s to focus on
Robert Lucas, JrROBERT LUCAS
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MACROECONOMIC THOUGHTS.PART 17 D

One of the objectives of market optimality in the school of marsolism is to fight business cycle volatility and we briefly examines business cycle in the PART 19 Of this macroeconomic thought series and its idiosycracy as identified by economists in general and noted in the PART 20 Upward in stalling the steady momentum of economic growth.It precisely inhibits growth transition and maturity and climbing up the ladders of development cycle.This fails to guarrantee market optimality and universal prosperity and universal justice respectively.Economic growth formula with mordern imperial economists passes through uneven growth line unlike marsolism school that should passes through linear or straight line course.This non linear approach directly catalyses inequality of wealth and fuel mass poverty.To closes this gapwe must adopt the linear approachto growth as postulated by marsolism.This guarrantees soft landing for the efficient application of balance of credit payment and the quantity theory of debt money.
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MACROECONOMIC THOUGHTS.PART 17 C

The attainment of optimal economic growth and debt price equalitarian stability.This is pure socialist system where the lowest rung of the market percentiles top the wealth table chart of market economy in contrast to pure market neoliberalism or pure capitalist system and it simply means an increasing proportion of debt goods and services are provided by the lowest rung percentiles made possible through government support in addition to what pure capitalist system can provide.Hence the role of debt price system is critical in attainment of this basic task.We can then adjust our sovereign wealth distribution formula through SONACA and precisely should favour the poor population bracket and hence close the gap,banish inequality of wealth and mass poverty forever from the human society.Then fruits of mordern technological and economic freedom would be universal.It shows marsolism is the only known economic pill to change market cycle and with sole antidote to fight business cycle,using its logic of optimality.
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MACROECONOMIC THOUGHTS.PART 17B

We know debt price system in a given debt economy functions efficiently with the four basic tasks in the same way as mainstream economy's price system though a bit distinction is noted in the circulation of wealth notes otherwise also known as sovereign debt notes.The latter determine what and how is produced;determining how goods and serviced will be produced;determining how income will be distributed among society's members and also determining economic growth and per capital income.But the former summarises them with one word,determining the proportion of sovereign wealth notes to be circulated to attain optimal economic growth.It covers basic tasks such as what proportion and how much of wealth notes or debt money will be produced and distributed in the debt economy's debt cycle;determine how much debt goods and services will be produced and distributed;determining how much debt income will be produced among the indigent society's lowest rung percentiles;determining how much debt per capital income that
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MACROECONOMIC THOUGHTS.PART 17

If as proposed in the quantity theory of money that government should keep money supply fairly steady rate per addum to ensure the natural growth of an economy,however its inadequacy is evidence given that the most influential form of money and wealth notes havent been discovered yet that guarrantee optimal economic growth for the steady progress of egalitarian era.Now instead of envisaged inflation,debtflation a positive form of inflation will propel excessive money supply and excessive debt money supply expansion respectively. The expansion of debt money supply should be achieved by targeting the growth rate of social debt and pump equivalent at least or twice the rate at which social debt capital grows or increases so as to maintain attainment of optimal economic debt price stability.Debt money supply should grow constantly tied to the nominal GAP growth andsometimes at fixed percentage.The formula for monetarism (MV=PQ)extremely differs ordinarilyto branded marsolism formula(DV=DQ)all thing being equal.
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IBIKUNLE LANIYAN

IBIKUNLE LANIYAN
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