Full Employment Versus Jobless Growth « Center for the Advancement of the Steady State Economy
Money should be a public utility (a unit of account, a store of value, and a medium of exchange), not an instrument by which banks extort unnecessary interest payment from the public — like a private toll booth on a public road.
Cheap labor and funny money policies in the name of “growth and global competitiveness” are class-based and elitist. Even when dressed in the emperor’s fashionable wardrobe of free trade, globalization, open borders, financial innovation, and automation, they remain policies of growth by cheap labor and financial delusion. And we wonder why the U.S. distribution of income has become so unequal?