An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Somewhat out of paradigm .... that the government does not produce anything. .... and withou reference to MMT solutions in that would increase spending as a way to fill the liquidity vacuum.
Otherwise doom gloom. Obamacare will increase spending but to healthcare companies, doctors, medical supplies and relieve those who now canvspend their money somewhere else.
If everything were sold online it would still create a huge jobs gap. I don't think he is talking just about output/sales losses, this is about finding something to do for millions working in retail
5 comments:
Somewhat out of paradigm .... that the government does not produce anything. .... and withou reference to MMT solutions in that would increase spending as a way to fill the liquidity vacuum.
Otherwise doom gloom. Obamacare will increase spending but to healthcare companies, doctors, medical supplies and relieve those who now canvspend their money somewhere else.
I agree with above....and also did it not occur to the author that retail traffic is down because of increasing online sales?
If everything were sold online it would still create a huge jobs gap. I don't think he is talking just about output/sales losses, this is about finding something to do for millions working in retail
Bricks and mortar are dying because as Tom likes to say: "the rent is too damn high".... where they are located.
rsp,
Amen to matt and tom
Rent IS too high.
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