Wednesday, December 28, 2011

Forget infrastructure for increasing jobs


Watch it at ABC News
U.S. Bridges, Roads Being Built by Chinese Firms

Jawdropper!

7 comments:

Matt Franko said...

Tom,

If we would let them, the Chinese would have their military HALO in people to cut our grass for $25.

They are like zombies in a mindless pursuit of obtaining ever increasing balances of the premiere western financial assets.

This has been the worlds history since the formation of western civilization.... same-o, same-o.

Resp,

TomatoBasil said...

The states would rather give up tax revenue! And pay out unemployment than have to take federal dollars for a construction project... Goofy. I wonder if a large New Deal type projects could happen now with the current state of regulations.

Adam2 said...

good news ... redditors don't believe in the balanced budget myth.

http://www.reddit.com/r/pics/comments/ntk4w/the_us_budget_made_easy/

Adam2 said...

check out this comment from that reddit post above...

"As a multi-million dollar hedge fund manager, this fails to take into account that the United States is a currency issuer not a currency user like a US household.
TLDR; The United States does not need to balance its budget, unlike a household"

MMT is getting out into the masses.

Anonymous said...

Ha, I posted in that thread as Delgursh.

I got a bunch of upvotes so far coming from an MMT perspective. At least people are listening.

Warren or some other MMTers should do a reddit AmA. That would be big if it gained steam.

Adam2 said...
This comment has been removed by the author.
Adam2 said...

awesome Delgursh,

I like this post in the comments.

"This is very bad information.
www.moslereconomics.com explains something called "modern monetary theory" and comparing a household who is not the issuer of a currency with the US Government is misleading and ultimately advocates for contractionary fiscal policy." - from someone named horayforlogic