Re: Article in the Chronicle of Higher Education

[John Vertegaal <vertegaa@xxxxxxxxx>]

Warren Mosler wrote:

> 'Full Employment AND Price Stability'
> explains unemployment as the evidence that
> govt. isn't spending enough to satisfy the
> desire to pay taxes and the desire to
> net save financial assets.

> How may axioms is that, etc???

No idea how many.  But one of them is evil.  It cons the public, already
under the mistaken impression that long run net saving is a perfectly
valid means to park wealth, by replacing average remuneration with min.
wage ones.  That's the result of tackling the problem by treating the
symptoms instead of the underlying cause.
  And I'm no longer questioning your motives this time around.
I appreciate you being on this list and find that our ideas have
otherwise a lot in common.

John V