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It's massively taken off during the lost previous 10 years horrible recovery. Read https://www.employamerica.org/ https://www.employamerica.org/ or Roosevelt in
by Ericson2314 5y ago
It's massively taken off during the lost previous 10 years horrible recovery. Read https://www.employamerica.org/ https://www.employamerica.org/ or Roosevelt interest stuff for why it's essential to have tight labor markets solve these problems --- more essential than ending all speculation.
The fact that the last 10 years were exceptionally weak labor markets and yet lots of speculation shows that the two are less coupled than people might think. There it was bad, but that doesn't mean the decoupling can't also work for good. The solution is:
1. Bboost demand enough so labor markets are tight -- and today "inflation" is not a problem but rather the result of trying to run a shitty poor-repair material economy that has gotten too use to low demand and cheap later. Whenever there is a recession, boot UBI, or run a job guarantee doing all that feel good low-intensity stuff. It's not like we are low on work to be done with global warming!
2. With the business cycle now constrained to merely be a speculation cycle (real people get fed regardless), think of new creative ways to go after that. For example, when there is too much speculation, limit financial assets as collatoral for loans. No more bitcoins as collateral for loans to pay for the the mining electricity in times like this. But maybe shit like that is OK in other times.