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.
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Saturday, July 16, 2016
Torygraph — A free market industrial strategy
The Torygraph recommends that May be guided by Hayek (just like the Iron Lady).
My understanding is that Maggie Thatcher had a blind spot about banks until it was too late.
Also, how can we have free markets, especially in labor, when government-subsidies for private credit creation enable so-called credit-worthy employers to automate and outsource their workers' jobs away with what is in effect, the workers' and the general publics credit?
No matter the problem, this free market ideology can solve it using the same solution. Ryan Harris
It's hard to argue against liberty.
Otoh, eliminating privileges for special interests such as the banks and, by extension, the most so-called creditworthy, the rich, shouldn't even be arguable.
My understanding is that Maggie Thatcher had a blind spot about banks until it was too late.
ReplyDeleteAlso, how can we have free markets, especially in labor, when government-subsidies for private credit creation enable so-called credit-worthy employers to automate and outsource their workers' jobs away with what is in effect, the workers' and the general publics credit?
No matter the problem, this free market ideology can solve it using the same solution. Flustering. Endless the chicanery.
ReplyDeleteNo matter the problem, this free market ideology can solve it using the same solution. Ryan Harris
ReplyDeleteIt's hard to argue against liberty.
Otoh, eliminating privileges for special interests such as the banks and, by extension, the most so-called creditworthy, the rich, shouldn't even be arguable.