Reality of Inflation

I don't believe inflation should be a problem with full employment with supply side economics, since supply can be adjusted to "take up any slack".

I believe unemployment compensation that is the hourly equivalent of social services cost, should be an option for labor that is structurally unemployed.

 

Inflation has been put ahead of employment, Daniel- that's what the NAIRU is and that's why we have unemployment, underemployment and people who have given up looking all over the Western world. And as you've stated in previous posts, the only ones benefitting are capital.

I agree with you, by the way- I just don't accept we need structural unemployment, we need to return to full employment first and inflation second.

Seriously, check out the link I posted you. Bill Mitchell is a Professor of macroeconomics, he blogs about Modern Monetary Theory, or post-Keynesianism if you prefer that label.

 

I believe in solving simple poverty and the capital effects of capitalism, natural rate of unemployment. The legal and physical infrastructure already exists in our republic.

And, I believe wages should always outpace inflation as that form of "respect for a historical work ethic from the Age of Iron".

 

Why do you believe what you do, on a for-profit basis. What you claim should only be a requirement on not-for-profit basis in our at-will employment States.

In any case, a fifteen dollar an hour minimum wage would produce more meaningful work.

 

This is so true!!! Fast food workers and truck drivers, for example, do not do dignified and meaningful work. So we need to make those 10 million jobs illegal and then create a socialist widget industry to employ them at a wage that truly reflects the meaningful contribution their widgets make to society.

 

In the US, social services have been claimed to cost around fourteen dollars an hour. A fifteen dollar an hour minimum wage competes favorably and is a rational choice.

 

oh great two guys who don't speak English debating with each other!!!

 

dear, you are simply incompetent.

 

Here's an example of your English:

What you claim should only be a requirement on not-for-profit basis in our at-will employment States.

 

Yes, not-for-profit status means you can focus on your "morals" and their advocacy instead of merely the profit-of-lucre.

 

For profit means you can focus on your morals, not for profit socialism killed 120 milllion

 

just lousy management. socialism won the space race and the moon race. capitalism has yet to discover a profit motive.

 

yes some govt means we must have totalitarian govt. Who knew???

 

dear, it is you who confuses socialism with communism.

 

Marx didn't confuse them socialism was a temporary stopping point on way to communism

 

we discovered we are simply not moral enough for free. socialism requires social morals for free.

 

good English; we all know exactly what you mean!!!

 

it is the same English; you merely have some clue and some Cause.

 

more great English. Anybody know what the liberal means?

 

how "situational" of you. no subscription to "moral absolutism" or "ethical absolutism"?