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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]

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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.

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