Chock-full employment without increased inflation: a proposal for marketable markup warrants

Article Abstract:

Inflation will continue to be considered a greater threat to economic well-being than employment unless unemployment becomes very high. The public tends to view inflation from the standpoint of an increase in consumer prices rather than from the perspective of income and net worth. Unemployment seems to be the only solution to inflation. One way to obtain full employment without increasing inflation is to use markup warrants with market prices that vary in relation to the level of inflationary pressure that is desired.

Full employment policies

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Meaningfully defining deficits and debt

Article Abstract:

The method of financing future debt service influences the effects of government debt. The nominal budget is useless because it fails to distinguish between capital and current-account items. Deficit financing may not be politically acceptable, but alternatives exist for ending the recession. These options include the use of a capital budget that broadly defines capitalizable budgets, the elimination of the corporate income tax and the expansion of current expenditures and taxes at the same time.

Balance of payments, Deficit financing, Deficit spending, Capital budgets

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An updated agenda for progressive taxation

Article Abstract:

Increases in tax regulations are more common than efforts to simplify the tax system. Cumulative assessment of taxes is proposed as a method of increasing investment and capital gains. Reducing the impact of inflation through an across-the-board adjustment of income from capital would impair the progressivity of the tax. A reduction in the corporate income tax would provide better opportunities for increasing investment than a reduction in the capital-gains tax.

Analysis, Fiscal policy, Progressive taxation

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