Heterodox
L. Randall Wray, an MMT economist, gives a very interesting perspective on taxes:[embedded content]Certainly raising taxes in the midst of a depression, recession or period of weak aggregate demand and large-scale unemployment is a bad idea. But it is fascinating indeed to hear L. Randall Wray give the left heterodox case for lowering corporate taxes and payroll taxes. If I am not mistaken, some of these ideas on taxes discussed here are derived from the thinking of Hyman Minsky. While this...
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