Peter Cooper — More on Unemployment as Policy Choice

The previous post drew some interesting responses including apost by Cullen Roche over at Pragmatic Capitalism. (H/t to Trixie.) This response started as a comment and got too long, so I thought it would be better to turn it into a new post. First, I will respond to a question posed by Philippe. Second, I will respond to Edgaras. But there will be some overlap. The points can also be considered in relation to Cullen's argument, since the comments were motivated by his post. Finally, I'll respond to an aspect of Cullen's post that didn’t crop up in the specific responses to Philippe and Edgaras.

heteconomist.com
More on Unemployment as Policy Choice
Peter Cooper

The [Full] Employment Act of 1946: Some [1986] History Notes

We're still seeking OpenSource prosperity?

(hat tip to Eric Tymoigne, Lewis & Clark U)

It's amazing to read that, in 1946, we came this close to declaring full employment as a national directive, a requirement "to provide such volume of Federal investment and expenditure as may be needed [to maintain continuing full employment]."

Restated, we could easily revisit this and make it part of Public Purpose to permanently "Denominate, via direct Treasury Contracting, such volume of Public Initiative as may be needed to fully utilize our existing citizenry in exploring our constantly expanding National Options."