Victor Quirk, an associate of Bill Mitchell of the BillyBlog provides a very long, but very readable history of English-tradition legislative efforts to promote full employment here. The story begins all the way back in 1536. An excellent and informative read for any history buff. A long excerpt below the fold: In 1536, for example, … Continue reading History of Full Employment Efforts
James Hamilton at Econbrowser summarizes my thoughts too: Extending unemployment benefits Here I make two quick observations on the policies being discussed. The first point has been widely noted, but it bears repeating since I keep hearing comments from people who seem to be unaware of it. When you hear that current unemployment benefits can … Continue reading The Necessity of Extending Unemployment Benefits
Why do people work? At first it seems an easy question - to get money or earn income is the answer that comes quickly to mind. Indeed, mainstream neo-classical micro economic theory answers the question this way and uses it to build a model where people (households) make decisions about how much to work (called … Continue reading Why Do People Work?
I support this from Yves Smith at Naked Capitalism. The law must be upheld. Fraud is fraud. It is not "paperwork glitches" or "snafus" or "correctable errors". It has been the policy of the banks and mortgage servicing organizations to file en mass false statements and false documents in our courts. These practices will not … Continue reading Home Foreclosures – Write Your Attorney General