Tuesday , March 19 2024
Home / Mike Norman Economics / Bill Mitchell – The Job Guarantee. MMT Episode 6

Bill Mitchell – The Job Guarantee. MMT Episode 6

Summary:
So, mainstream economists were all for more efficiency, eg, getting the trains running on time, but it put millions out of work and so the country become inefficient instead.With more unemployed, the government collects less taxes which means it needs to increase taxes on everyone else.More social programs are needed too, plus police & prisons when many of the destitute turn to drugs and crime. And more healthcare needed as poverty increases illness and stress.Is there a better way?Bill Mitchell - The Job Guarantee. MMT Episode 6 [embedded content]

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Mike Norman writes Claims that mainstream economics is changing radically are far-fetched — Bill Mitchell

Robert Skidelsky writes The Lost Peace (Short Version)

John Quiggin writes Monday Message Board

Angry Bear writes Open Thread March 17 2024, January and February were rough months for inflation

So, mainstream economists were all for more efficiency, eg, getting the trains running on time, but it put millions out of work and so the country become inefficient instead.

With more unemployed, the government collects less taxes which means it needs to increase taxes on everyone else.

More social programs are needed too, plus police & prisons when many of the destitute turn to drugs and crime. And more healthcare needed as poverty increases illness and stress.

Is there a better way?

Bill Mitchell - The Job Guarantee. MMT Episode 6


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *