12-26-2016, 04:48 PM
(12-25-2016, 07:31 PM)SomeGuy Wrote: TNT,
Wage subsidies (which could go just as easily to non-profits or the like) would probably accomplish much the same effect with far fewer distortions in the economy. Which is not that I am necessarily opposed to public works and the like, per se, just observing that make-work, particularly on such a grand scale, may come with its own problems.
"Make-work?" I'm thinking that there's plenty of REAL work to be done with infrastructure. The scale I'm thinking of would involve the rebuilding of classical infrastructure like bridges, highways, railroads, etc.
One can also re-define infrastructure in this day and age as enhancements to information technology, "green" technology, hell, education itself.
Our MMT ruminations on the generational theory sites suggests that grand scale would work just fine. And in the process, folks who have fallen behind technologically and educationally, might have a shot at catching up.
I recently spent a weekend in Elkins, West Virginia. My god, what a shithole is WV! Seems to me there's plenty of work to be done there, and it's not "make-work." One only wonders what might happen if, for example, we decided as a country to clean up WV and turn it into something resembling a Canadian province!
[font=Arial Black]... a man of notoriously vicious and intemperate disposition.[/font]