Displaying 1 - 10 of 1815 Forum Posts1 2 3 4 5 Next
  • Jul 20, 2019 05:06 PM
    Last: 2mo
    153

    UBI is inherently inflationary.

    But not all basic or non basic income schemes are bad or disruptive, especially when limited in nature, e.g. social security for disabled or retired or meager benefits for unemployed.

    Criticism of a job guarantee on the lines that it would be ‘make work’ could just as easily be applied to all government employment, as that’s what many anti-gov right-wingers claim now. The WPA and CCC programs during the Depression were not thought of as ‘make work.’ Those folks worked their tails off.

    But the point of the MMT JG is not the work done per se but that the workers ‘transition’ to ‘normal’ employment. That’s how it’s anti inflationary bias works. So while we want to see tangible gains for society from the work done, that’s an add-on benefit. The point is to get people back in the private sector.

  • Jul 20, 2019 05:06 PM
    Last: 2mo
    153
    Most non disruptive way to raise the minimum wage would be a Job Guarantee as it immediately adds to sales creating market forces that support the private sector’s higher wage bill. You still need a statutory minimum wage bc you want to be able to prosecute abusers and can’t assume the JG will catch all workers (although it is supposed to do that).
  • Apr 23, 2018 10:51 PM
    Last: 30d
    39k

    Once one recognizes that the involuntary unemployed are part of the size of government, the JG becomes the limited government thing to do.

  • Apr 23, 2018 10:51 PM
    Last: 30d
    39k

    I’m not look at the politics of it.

    The time to set this program up is when unemployment is low.

    The official U3 bls rate undercounts true unemployment.

    Monthly employment data continues to show a significant portion of those taking jobs didn’t show up in U3 the day before.

  • May 09, 2019 01:30 AM
    Last: 4mo
    80

    https://www.bloomberg.com/amp/news/articles/2019-05-09/house-republicans-say-democrats-should-answer-for-mmt-in-hearing?__twitter_impression=true&fbclid=IwAR3J3uPbiu7N_cn83uZfpvxDC2t3-SGaqhXoJeJbH4wixVD7_Uq4Mn5ggwg

    Republicans on the House Budget Committee want an MMT debate with Democrats.

    All House Democrats need to do is play the video of Alan Greenspan telling Paul Ryan that the government can create unlimited dollars and the real problem is creating real assets (which implies that inflation is the limit).
    Secondly, they can remind the Republicans and explain to the American people that the origins of MMT begin in a steam room with Donald Rumsfeld and the publishing support of Art Laffer. The Democrats should absolutely call on Warren Mosler and Stephanie Kelton to testify. MMT is a general theory about how the monetary system works. It is not a socialist plot. It does arrive at the conclusion that an employed buffer stock of labor is better than an unemployed buffer stock of labor. And employed or unemployed, the buffer stock of labor is a part of the size of government.

  • May 07, 2019 09:03 PM
    Last: 4mo
    437
    Impeachment or Bust.
  • Apr 30, 2019 02:34 PM
    Last: 5mo
    145

    First, don’t ask where the $ will come from for any Congressional spending.

    They all come from keystrokes on computers at the US Treasury that send instructions to computers at the Federal Reserve to mark up accounts in the banking system.

    The real question is where will the resources come from to be deployed by that spending.

  • Mar 14, 2019 07:13 PM
    Last: 6mo
    642

    I’ve got a 19 month old which probably influences my calculus. I’ve read and reread all of his text files. I just don’t think you get to be president after writing something like that, or shouldn’t be. Most of the Beto people I know in Texas are unmoved and point to Trump. But the Democratic Party is supposed to have higher standards than Trump. I don’t think Beto meets that standard knowing what we know now.

  • Mar 14, 2019 07:13 PM
    Last: 6mo
    642

    This shit about Beto as a teenager writing a psychotic horror fantasy about murdering children by running them over with a car is disqualifying.

    I get that we all did things that we regret when we were kids but this is a bridge too far for me.

    I might be able to excuse this for a lower level office but not the Presidency.

    It’s too unsettling morally and emotionally despite whatever rationale or reasoning that excuses it as the errors of a wayward youth on his way to becoming presidential timber.

    It will be used as a powerful weapon against the Democrats if he were to become President. The golden boy is American psycho.

    Further, it raises questions about what else is there? We knew about the DUI, rock music and skateboards, and weed. We’ve heard the whispers about shady business dealings by his father or family. Now this? Hard to believe there’s nothing else. Cloud of suspicion hangs over him.

    And how did the media find this out? Why didn’t he have this scrubbed?

    Beto 2020 blew up right off the launch pad.

    I cry no tears for him.

  • Mar 14, 2019 07:13 PM
    Last: 6mo
    642

    I think he has that Democratic philosopher-king vibe but his resume seems very thin. I voted for him against Cruz.

    The main benefit of Beto is how it could change the electoral map if he turns Texas blue. That means death to the Republicans in 2020 and beyond.

    But Democrats need major GOTV efforts in Texas to make that happen and capitalize down ticket. Beto alone doesn’t do that.