 |
| Source:The Nation- talking to left-wing economist Robert Pollin. Good job, Bob! |
"The latest book from Robert Pollin, economics professor at University of Massachusetts Amherst and director of the Political Economy Research Institute, is Back to Full Employment. If the title seems bold, the roadmap Pollin lays out behind it is hardly outlandish. In this conversation with Laura Flanders, Pollin explains how the Federal Reserve can grow employment tremendously, without the need for any legislation. "When you have unusued resources in the economy, you can pump money into the economy, and you'll create jobs right away," Pollin says.
Visit The Nation for more videos. Watch the full interview with Robert Pollin at:GritTV."
From The Nation
What Robert Pollin is talking about here, instead of reversing not just the middle class tax cuts, but all the tax cuts that have been passed, at least since 2001, (some leftists would go even further than that) he's talking about using the money that's already in the economy, that's simply not being spent right now.
Every business in America is supposed to have reserve requirements. Mr. Pollin would just take that money and put into the economy directly on things like infrastructure, to put millions of Americans back to work. Interesting idea because it wouldn't even add anything to the deficit and debt upfront. But good luck getting it passed.
