Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.

Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.

Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.

The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the private sector to produce assets, so we need a larger government debt.

It (land value taxation) guarantees that no one dispossess fellow citizens by obtaining a disproportionate share of what nature provides for humanity.

Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.

I define genuine full employment as a situation where there are at least as many job openings as there are persons seeking employment, probably calling for a rate of unemployment, as currently measured, of between 1 and 2 percent.