Bootcamp To Educate the House, Senate, Federal Reserve, and Bureau of Economic Analysis, Especially Janet Yellen and Jerome Powell

One Week Bootcamp

Restricted to persons with solid backgrounds in mathematics and the natural sciences


  • The difference between commonsense description and explanatory science; and between commonsense slogans and sound theory; the notion of explanatory conjugates
    • The exigence for a normative theoretical systematics
  • Functional analysis of interdependent velocities in explanatory macroeconomic science
  • The idea of implicit definition fixed by insight
  • The theories of fluid dynamics and electromagnetics
    • Continuity
    • Equilibrium
    • Concomitance
    • Solidarity
    • Intensity
    • Velocitous and accelerative
    • etc.
  • Other analogies from physics; similars are similarly understood
  • The nature and purpose of money
  • The role of credit to expand the money supply for theoretically legitimate expansion
  • The magnitudes-and-frequencies theory of the velocity of money; initial payments, transitional payments, final payments
  • Differential equations necessary to explain a dynamic process constituted by functional interdependencies
  • Explanation constituted by abstract primary relativities and concrete secondary determinations from a non-systematic manifold
  • What constitutes Modern Field Theory in macroeconomic dynamics
  • The structure of the dynamic economic process of production and exchange
  • The intrinsic cyclicality of the process and the impossibility of prediction in the general case
  • Macroeconomic Field Theory
  • Analytic distinctions as the foundation upon which to build an explanatory Macroeconomic Field Theory
  • How the channels of the Diagram of Rates of Flow account for booms and slumps, for inflation and deflation, for changed rates of profit, for the attraction found in a favorable balance of trade, the relief given by deficit spending, … [CWL15, 17]
  • The notion of so-called “profit”
  • The interest rate not an external lever
  • The ideal pure cycle for which the system has an exigence
  • The theoretical role of philanthropy
  • Divergences from norms necessitating a systematic correction
  • The deficiencies of present-day economics; specific errors of particular “schools” and “isms”
  • The errors and perils of Marxism and so-called Modern Monetary theory
  • Culture as constituted by technology, economics and policy
  • We the people constituting the private sector and acting in the person of the House, Senate, U.S. Treasury, and Federal Reserve Board
  • The vital need for revision of the National Income and Product Accounts into explanatory form
  • The Good of Order


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