Sajid - We don't do the vision thing in the US. It might get in the way of profit-making at all costs. Besides, no one, not even the Chinese can be sure that any particular vision will come to pass in the future. Too many unknowns. Nevertheless, we could do better.
Suboptimal infrastructure: Most projects are granted to the lowest bi…
Sajid - We don't do the vision thing in the US. It might get in the way of profit-making at all costs. Besides, no one, not even the Chinese can be sure that any particular vision will come to pass in the future. Too many unknowns. Nevertheless, we could do better.
Suboptimal infrastructure: Most projects are granted to the lowest bidder. Unless they are cost-plus contracts rather than fixed price, the contractor will cut corners and suboptimal will be the inevitable result.
Employers determine whether or not the work benefits society, not the workers. Your "what if" isn't relevant. The military doesn't make invasion decisions, politicians do.
Government spending does not crowd out private spending. That's an economic concept that has been shown to be false, because it's based on incorrect assumptions.
Sajid - We don't do the vision thing in the US. It might get in the way of profit-making at all costs. Besides, no one, not even the Chinese can be sure that any particular vision will come to pass in the future. Too many unknowns. Nevertheless, we could do better.
Suboptimal infrastructure: Most projects are granted to the lowest bidder. Unless they are cost-plus contracts rather than fixed price, the contractor will cut corners and suboptimal will be the inevitable result.
Employers determine whether or not the work benefits society, not the workers. Your "what if" isn't relevant. The military doesn't make invasion decisions, politicians do.
Government spending does not crowd out private spending. That's an economic concept that has been shown to be false, because it's based on incorrect assumptions.
Amazing. This is ALL true.
But it has nothing to do with MMT.
What's the "theory" about money ....... you know, the monetary theory ?
Leave out the currency, a separate, matter.
And leave out all the great Post-Keynesian policies.
Waddaya got ?
The Money Apprentice.