Tag Archives: unemployment compensation

Maximizing Yield with Limited Liability

Mainstream economics tells us that if liability is not limited, capital investment is sub-optimal. Trying to contain the risk, like we are doing now, by wanting to extend unemployment compensation and raising the minimum wage, for example, results in excess … Continue reading

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Reversing the Rents

Having MRSI is what capitalism actively resists. A Minimum Required Stimulus Income of any sort is a moral hazard. Unemployment compensation, for example, distorts market forces. Compensating for unemployment–adjusting income distribution to avoid crises of liquidity, capitalists explain, perverts the … Continue reading

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Unemployment “Compensation”

The reason legal language for unemployment compensation is “insurance” is to avoid admitting to the liability. More than a decade of Republican economic policy is a failure. Now it is necessary to compensate for it. We very clearly see how … Continue reading

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