Generous Unemployment Benefits Can Increase Both Structural

[the Us] Budget Is Dominated By The Retirement Programs, Social Security And Medicare - Loosely Speaking, The Post-cold-war Federal Government Is A Big Pension Fund That Also Happens To Have An Army.

[d]ebt Increases That Didn't Arise Either From War Or From Extraordinary Financial Crisis Are Entirely Associated With Hard-line Conservative Governments.

Under The Gold Standard America Had No Major Financial Panics Other Than In 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, And 1933.

In Our Country, Learned Ignorance Is On The Rise.

In Short, What The Living Wage Is Really About Is Not Living Standards, Or Even Economics, But Morality. Its Advocates Are Basically Opposed To The Idea That Wages Are A Market Price-determined By Supply And Demand, The Same As The Price Of Apples Or Coal. And It Is For That Reason, Rather Than The Practical Details, That The Broader Political Movement Of Which The Demand For A Living Wage Is The Leading Edge Is Ultimately Doomed To Failure: For The Amorality Of The Market Economy Is Part Of Its Essence, And Cannot Be Legislated Away.