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The Myth of Aggregate Demand, Part II
Brock LorberMr. Obama is calling for additional massive government interventions in the US economy. Is there a method to his madness?
Mr. Obama is calling for additional massive government interventions in the US economy. Is there a method to his madness?
Now assume that an economy and its associated rules and regulations is structured in such a way that a larger and larger percentage of the wealth and income goes to an ever smaller number of people. (In fact, one very much like ours)
Clearly such a system is not sustainable.
Exactly how would you suggest that such a system be changed? Or do you think that it does not need to be changed.