And the people who tell us that we can totally get away with the money injection will always act like they never had a hand in anything when it all goes belly up. It's like a bar run by alchoholics telling you hangovers don't exist, encouraging drinking and saying that in the morning, it wasn't their fault you drank so much. And it always starts with, "Just a little won't hurt".
Technological innovation necessitates an increase in a highly-skilled labour supply, right? How might that be achievable in an economy where education is exorbitantly expensive (cost of tuition, cost of living etc)?
No doubt it would be more difficult but, you can't take those high costs as a given like they're naturally occuring forces of nature. You have to also tackle those issues and do away with the factors that balloon those costs.
Businesses can offer training, similar to trades. In fact some already do this, like semiconductor manufacturers near their plants. They collaborate with local community colleges to develop skilled laborers.
One of the most succinct breakdowns on ABCT I've seen. Thank you!
And the people who tell us that we can totally get away with the money injection will always act like they never had a hand in anything when it all goes belly up.
It's like a bar run by alchoholics telling you hangovers don't exist, encouraging drinking and saying that in the morning, it wasn't their fault you drank so much. And it always starts with, "Just a little won't hurt".
were there not boom and busts before central banking in the usa
Technological innovation necessitates an increase in a highly-skilled labour supply, right? How might that be achievable in an economy where education is exorbitantly expensive (cost of tuition, cost of living etc)?
No doubt it would be more difficult but, you can't take those high costs as a given like they're naturally occuring forces of nature. You have to also tackle those issues and do away with the factors that balloon those costs.
Businesses can offer training, similar to trades. In fact some already do this, like semiconductor manufacturers near their plants. They collaborate with local community colleges to develop skilled laborers.