November 1, 2022
TAXATION INVESTMENT.PART 8
In the midst of plenty.Social security makes people lazy and quite
unsustainable in the long run should that economy reach the size of
china someday.Public finance vital to guarrantee full employment is
diverted to program that makes americans begars in
theirhomecountry.This is different fromeconomic security termsof
marsolist statethatguarantees optimaleconomic securityofthecitizen
throughcommensurate taxationinvestment.We avoid orthodoxy of fiscal
policy that employs expansionary fiscal policy lowering taxes
increasing spending,encouraging investment to move aggregate demand
curve to the right toward full employment equilibrium,that they barely
guarrantee in the long run though without raising prices.Nor shall we
be banboozledby tradition of high inflationwithrising
pricesandattendant antiinflationary strategiesdeployed raisingtaxesand
publicspending reduction,discouraging investmentfor agregatedemand
curve toshift to the left in noninflationary full employment
equilibriumwithout hurting unemployment rates.
Subscribe to:
Post Comments (Atom)
I dare say that the crash of mordern macroeconomics will lead to adoption of technocracy.A journey that capitalist America never prays to be undertaken .Taxation investment is the key
ReplyDeleteIn mordern neoliberalism,there is a limit to economic growth unlike in mordern marsolism no limit to sustainable economic growth untill inequality of wealth or mass poverty is eradicated.
ReplyDeleteThen after that stability,the broad economy reorganises
ReplyDelete