Wednesday, June 13, 2012

Finishing Unemployment for Good

Economists understand that we don't need growth to solve unemployment. We can put more of us to work, getting more work done in the world, at the cost of increasing the money supply. This is said to cause inflation, but there's a cure - reduce the money supply back done again with land and wealth taxes that most affect the one percent. Thus we can have full employment and balanced budgets while acknowledging that infinite growth aboard a finite earth is suicidally cancerous, all while reducing the inequality that makes us all miserable. But won't an increase in employment inevitably cause an increase in pollution? No, because we use polluting resources to substitute for labor, when we have too much labor and pollution and not enough resources. Slowing resource use will lessen pollution, preserve resources and increase employment. Hence the push to tax 'bads' instead of goods, and instead of taxing labor; This tax shift can shift consumption patterns so we'll all be better off. For more, see the 16 minute Joshua Farley video:

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