Brad DeLong — I really do not like the "too many workers" framing

I really do not like the "too many workers" framing: I vastly prefer either:

• Too little public investment
• Too little government purchases
• Too little government debt
• Too little risk-bearing capacity
• Too little in the way of safe assets for savers to hold

Grasping Reality

Must-Read:I really do not like the "too many workers" framing

Brad DeLong | Professor of Economics, UCAL Berkeley

See also

It is now six years since Olivier Blanchard called for "outlining the contours of a new macroeconomic policy framework". Yet what is that framework? Where is it? Who outlines it? And what processes will give it political traction?

It is now six years since Olivier Blanchard called for "outlining the contours of a new macroeconomic policy framework"

Brad expands on this at WCEG

WCEG — The Equitablog
Whose Are the Ruling Macroeconomic Ideas?Brad DeLong

MMT, Brad, MMT.

Modern Monetary Theory and Practice - an Introductory Text