The essay "Political Aspects of of Full Employment" [1] outlines the vested interests of industry leaders in playing up the danger of deficits and increased pub

The essay "Political Aspects of of Full Employment" [1] outlines the vested interests of industry leaders in playing up the danger of deficits and increased public investment. As a noneconomist, I too would be interested in hearing some reasons why the idea was abandoned until MMT brought it into the mainstream once again. 1) dislike of government interference in the problem of employment as such 2) dislike of the direction of government spending (public investment and subsidizing consumption) 3) dislike of the social and political changes resulting from the maintenance of full employment. [1] https://mronline.org/2010/05/22/political-aspects-of-full-employment/ https://mronline.org/2010/05/22/political-aspects-of-full-em...