tag:blogger.com,1999:blog-4900303239154048192.post8197567501007227851..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Listening to the PastUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4900303239154048192.post-38177057697747489782009-12-03T05:41:54.829-05:002009-12-03T05:41:54.829-05:00Employment can rise without 'deficit spending&...Employment can rise without 'deficit spending'. Local currencies need to be employed.Myrtle Blackwoodhttps://www.blogger.com/profile/07427043367624101075noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-56776069330614404752009-12-02T10:33:53.283-05:002009-12-02T10:33:53.283-05:00This is ultimately what leads the so-called progre...This is ultimately what leads the so-called progressive movement to reject shorter hours - absent the increasing power of government to tax, all their pet projects come to naught. Deficit spending cannot be sustained unless social hours of work are constantly extended.<br /><br />The predicament for them in this crisis is obvious: if sufficient deficit spending is not forthcoming, employment will not rise, private sector employment will not be triggered, and the public debt becomes unsustainable.<br /><br />We could call it the "Krugman-Wray-Galbraith Dilemma."Anonymousnoreply@blogger.com