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> "Better off" in that they could have done nothing and got money anyways, Or done another job and had more money (see your previous paragraph). Unless you thi
by wizzwizz4 2y ago
> "Better off" in that they could have done nothing and got money anyways,
Or done another job and had more money (see your previous paragraph). Unless you think people only work when they immediately need the money, in which case,
> the labor is entirely voluntary
is incorrect. Economists disagree on many of these points, and each viewpoint ends up with a mostly-consistent model of economics, but jumping between viewpoints the way you are doing is not valid. Ex contradictione sequitur quodlibet: your conclusion is certainly nothing I've ever seen an economist propose.
> Did he ever work for a living?
Wikipedia's right there. https://en.wikipedia.org/wiki/John_Maynard_Keynes#Career https://en.wikipedia.org/wiki/John_Maynard_Keynes#Career But I didn't cite him because he agrees with me. I cited him because he's the economist who's come closest to saying what you're saying. Spoilers:
> If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in
disused coalmines which are then filled up to the surface with town rubbish, and leave it
to private enterprise on well-tried principles of laissez-faire to dig the notes up again (the
right to do so being obtained, of course, by tendering for leases of the note-bearing
territory), there need be no more unemployment and, with the help of the repercussions,
the real income of the community, and its capital wealth also, would probably become a
good deal greater than it actually is.
The rest of the chapter explains how I've quoted him out of context, and he would laugh at you if you seriously proposed doing this.