Keeper quote by William Vickrey.
Vickrey on deficits and obfuscatory financial rectitude
Lars P. Syll | Professor, Malmo University
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.
Bottom line, the employment crisis casts a long shadow for America's workforce and just continues unabated. While with revisions the payrolls report shows much better news, when digging into the details, we find low paying service sector jobs, not the kind which support a healthy middle class. Congress is busy trying to flood the U.S. labor market with more foreign workers via comprehensive immigration reform, more bad trade treaties and draconian budget cuts which will cause more Americans to lose their jobs. For over half a decade this Congress has focused on the wrong things when America is clearly suffering from a lack of good jobs. It is positively despicable to see millions of Americans slip into poverty because they cannot get a decent job and with no policy changes, the terrible conditions for the American worker will continue.The Economic Populist