Posts Tagged ‘Standards Of Living’
Mainstream economics claims that full employment brings inflation, and some unemployment (often called ‘natural’) is inevitable. During bad times, like today, unemployment rises significantly from its ‘natural’ level and bites even more harshly. We at Mecpoc believe that full employment should be the primary target of economic policy. As our chosen topic of exploration, we set out to ask Franklin students for their opinion on unemployment and the implications their major has taught them. Here include extracts of the responses from three Franklin College students: Caitlin Morris (Comparative Literature and Culture Studies major), William Turner (International Relations major), and James Jasper (History major).
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By: Andrea Terzi
Have you ever considered full employment as a means to properly measure the cost of wars? Tolerating unemployment may indeed lead to pro-war sentiments. Fighting wars requires using resources to produce weapons, feed soldiers, provide transportation. Read the rest of this entry »
- Independent Conn. Senate Candidate Warren Mosler Signs Pledge to Vote Against Any Cuts in Social Security or Medicare
- Views on Unemployment
- When is Government-Issued Debt Safe? If You Think This is Only True When Debt is Below Some Threshold You May be Dead Wrong
- The Fed is the Monopoly Supplier of Net Reserves to its Banking System; Therefore, has no Option But to Set at Least One Interest Rate
- In the Banking System, the Causation Runs From Loans to Deposits, That is: ‘Loans Create Deposits’.
- Operationally, Government Spending is Not Inherently Revenue Constrained. Any such Constraints Are Necessarily Self-Imposed
- Government $ Deficit = Non Government $ Surplus (Net Financial Assets)
- Warren Mosler on CNBC
- How to Fix the US Economy in Less Than 500 Words
- 2010 Mecpoc Symposium
- Mosler Summer Scholarship 2010
- What Will Change the Total Amount of Bank Deposits Held by the (Non-Bank) Private Sector?
- Does a Change in Our Spending Decisions Affect the Total Amount of Bank Deposits?
- Interview with Paul Davidson, Regarding the Crisis
- 2nd Mecpoc Symposium
- More Savings, Yet Less Business Finance: Why?
- Unemployment and Pro-War Sentiments?
- Why It's You and Me Deciding the Amount of Banknotes in Circulation
- Wars Waste Resources, So Does Unemployment
- Mosler Summer Scholarship 2009
- John: Mr. Mosler - I understand and agree with your explanation of the U.S. monetary system. I also agree [...]
- Zachary Levy: "And without a switch to a command type economy, it’s impossible to have complete full employment. [...]
- warren mosler: The Russian default was a typical fixed exchange rate blowup. The ruble was fixed at 6.45 to the [...]
- Robert Searle: I think when we are talking about banks, and money we are actually discussing ELECTRONIC DATA. T [...]
- Jonathan Stanford: Was the foreign USD debt burden enough to bring Russia to insolvency during the 1998 crisis? Because [...]
