I wish everyone (or at least Sam Altman) would read "The Seven Deadly Innocent Frauds": http://goo.gl/6a22pX less than 2 hour read. read it with an open mind and your worldview may change.
Mosler's current prescription:
1) A full FICA suspension, which raises take home pay by 7.6%, and, for businesses that are competitive, lowers prices as well, restoring sales/output/employment in short order
2) A $10/hr federally funded transition job for anyone willing and able to work to promote the transition from unemployment to private sector employment
...
watch Stephanie Kelton and Warren Mosler talk about gov debt and deficits: (2 hours!) https://www.youtube.com/watch?v=ba8XdDqZ-Jg
Randall Wray on Job Guarantee vs Basic Income: http://www.economonitor.com/lrwray/2014/01/27/lets-compare-t...
Mosler's current prescription: 1) A full FICA suspension, which raises take home pay by 7.6%, and, for businesses that are competitive, lowers prices as well, restoring sales/output/employment in short order 2) A $10/hr federally funded transition job for anyone willing and able to work to promote the transition from unemployment to private sector employment ...