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View Diary: Brinksmanship On the Debt Ceiling (54 comments)

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  •  Gov't should interfere on side of working.... (2+ / 0-)
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    psyched, Letsgetitdone


    Wouldn't that be horrible?  Geeze....

    I'm amazed that there are so many people on DKos who still think they need to come to the rescue of markets....  Just so very, very wierd given all that has happened.  Remember the bailouts?  The free money for the markets?  The sacrifice we ALL have made to rescue the markets?

    How much more rescue do the markets need?

    •  Ah, yes . . . (1+ / 0-)
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      I remember it well.

    •  Government regulations (1+ / 0-)
      Recommended by:

      I do believe in government regulation.  Let me make sure I'm clear on that.  We certainly don't have enough, or have ineffective regulation on labor, environment, and anti-trust laws.  However, I do believe that regulation needs to be thought out carefully and be focused so as not to have any unintended consequences.

      The specific proposal I was objecting to was limiting the work week to 4 days so that the unemployed could find work.  That would certainly spread the work burden, but wouldn't necessarily improve our lives overall.  There is no need to "spread the wealth" or "spread the burden", MMT offers a way to increase wealth without artificially lowering the labor demand.

      Our Dime Understanding the U.S. Budget

      by maddogg on Thu May 12, 2011 at 11:52:33 AM PDT

      [ Parent ]

      •  I'm still not sure.... (0+ / 0-)

        what to make of MMT, still learning.

        For me, the draw is a new way of looking at things, and feeling that we've outrun the old ways...

      •  I think (1+ / 0-)
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        reducing the work week is a positive good. Americans out in far more hours than people in other nations and it may be a factor in our lower life expectancy. The problem of making less money in 35 hours can be handled by increasing the mini-wage way beyond where it is today. A family with two workers ought to earn enough to lift people out of poverty.

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