Re: Economic reform policy: Some views and proposals

[Warren Mosler <mosler@xxxxxxxxxxxxxx>]

--- "Henry C.K. Liu" <hliu@xxxxxxxxxxxxxx> wrote:
> Paul is absolutely correct.  Further more, the
> Mosler/Mitchel/Wray
> proposal does not deal with the froeign exchange
> problem.

???  There is not foreign exchange 'problem' apart
from fixed exchange rate policies, is there?

Also, as per your other post, why would anyone want to
force an exporter to spend his fx earnings???
>
> Unemployment now is a profit center.  See:
>
> As Companies Reduce Costs, Pay Is Falling Top to
> Bottom
> By DAVID LEONHARDT
>
> For the first time since the 1980's, the average pay
> of workers at all
> income levels is falling.

Excess capacity due to continuing fiscal drag has a
way of doing that.

warren



=====
Warren Mosler, www.mosler.org
c/o James River Capital Corp
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Primary email contact:  mosler@xxxxxxxxxxxxxx

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