by Summary:
The question is, cui bono? Under the present system, the financial benefit flows to the top, although other derive some economic benefit as a result of the flow. Fiscal injection (government spending) eventually flows either to saving or taxation. When tax policy is progressive, the flow is largely to taxation. Otherwise, the stock of savings increases. This increase in the stock of savings increases distributional asymmetry aka "inequality." That is to say, in the later case there is a systemic bias owing to institutionalized asymmetry.IPS'Every deficit is good for someone'Stephanie Kelton interviewed
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
The question is, cui bono? Under the present system, the financial benefit flows to the top, although other derive some economic benefit as a result of the flow. Fiscal injection (government spending) eventually flows either to saving or taxation. When tax policy is progressive, the flow is largely to taxation. Otherwise, the stock of savings increases. This increase in the stock of savings increases distributional asymmetry aka "inequality." That is to say, in the later case there is a systemic bias owing to institutionalized asymmetry.The question is, cui bono? Under the present system, the financial benefit flows to the top, although other derive some economic benefit as a result of the flow. Fiscal injection (government spending) eventually flows either to saving or taxation. When tax policy is progressive, the flow is largely to taxation. Otherwise, the stock of savings increases. This increase in the stock of savings increases distributional asymmetry aka "inequality." That is to say, in the later case there is a systemic bias owing to institutionalized asymmetry.IPS'Every deficit is good for someone'Stephanie Kelton interviewed
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
Matias Vernengo writes What is heterodox economics?
IPS
Stephanie Kelton interviewed