The first half of the twentieth century was a challenging time for economics. The Great Depression wiped out incomes, investments, and most importantly, optimism. But when the traditional laissez-faire approach proved ineffective, the work of Keynes and FDR showed that there was another way. The New Deal employed American workers directly and restored confidence among business owners. Today, we could benefit from a similar program. It’s time for a new New Deal, or a Job Guarantee Program, that secures employment to all who are able and willing to work. We’ve done it before, and we can do it again....Job guarantees are not unexplored territory. Maps exist.
The Minskys
It’s Time to Guarantee Jobs
Johnny Fulfer
2 comments:
'Many Americans are invested in the idea of ‘free markets’, whatever they envision that to be, pushing rational economic discourse and the notion of social justice to the margins, and elevating the politically constructed parallel between self-interest and the partial idea of the American Dream.'
People are brainwashed in this from the day they are born to the day they die.
There is an alternative.
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