NAF-The Way Forward

Category: Economy, Think Tank

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2 Responses to “The Way Forward: Moving From the Post-Bubble, Post-Bust Economy to Renewed Growth and Competitiveness”

  1. paulie46 says:

    This article also got a big thumbs-up from Prof. Bill Mitchell, a major voice in the MMT economic paradigm.

    http://bilbo.economicoutlook.net/blog/?p=16449

  2. DeDude says:

    This is really excellent. However, the one thing that is not being addressed is the most important one. We have a structural problem that ultimately will prevent any real growth and probably even block the recovery. The only driver of the economy is consumption so to get the economy growing you have to get money in the hands of people who spend it rather than investing it. The median household income is falling as corporations and rich people (investor class) use their power to suck up all the fruits of increased productivity. What do we have that realistically would brake the power of the top 1% to take all the fruits of increased productivity. How could we force a fair income and wealth redistribution; which is the only path to sustainable growth? We are out of gimmicks (such as putting woman to work, increasing household debt, and creating fake wealth by blowing bubbles in housing). We have to give consumers more actual real income before they can increase their consumption and grow the economy.