End Unemployment Now: How to Eliminate Joblessness, Debt, and Poverty Despite Congress

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The year 2010 marked when the National Bureau of Economic Research declared an end to the Great Recession. The economy had shed over six million jobs in 2008 and 2009, but few had been recalled to work by 2010. Today, government policies have yet to make a significant dent in unemployment. In End Unemployment Now, Ravi Batra explores why this is the case. He explains how joblessness can be completely eliminated–in just two years, and without the help of our painfully incompetent Congress. The President and the Federal Reserve have the legal authority to generate free-market conditions that will quickly end the specter of unemployment, all without involving Congress.

Some examples of how to end unemployment without congressional intrusion:
• Creating a bank by the FDIC to compete with banking giants and then charging only 5% interest rates on credit card balances, instead of the standard 10-35% seen today
• Banning mergers among large and profitable firms, as such mergers directly cause layoffs and reinforce monopoly capitalism
• Aid to small businesses in the form of cheap loans and government contracts, because small firms have been real job creators since 1980, while Big Business has been a job destroyer
• Offer retiree bonds to increase the incomes of pensioners who live on savings and whose incomes have been practically destroyed by the collapse of interest rates
• Bring oil prices down to $20/barrel, which would lower a gallon of gas to $1.50

Comments

L. M. Keefer says:

Fairly Fascinating ~ Even if You Don’t Agree with Everything A virtue of this book is that it uses simple language to explain complex ideas. The author’s thesis is that we don’t have a free market economy but monopoly capitalism. The author, Ravi Batra, who is an economics professor and author, asserts that the “source of poverty is the rising wage gap, along with massive debt creation by the government, so that the fruit of growing labor efficiency goes almost entirely to the rich and powerful.” He shows research which indicates “if the real…

javajunki says:

Moderately interesting and informative but problematic proposals at best This book is not without merit but frankly, I shudder to contemplate the resulting chaos should these suggestions be put into place. Okay, first things first. The author is clearly an Obama supporter and Democrat. Personally, I prefer a bit less bias and a bit more objectivity in my financial/economic readings but take this as a warning….if you are not enthralled by Obama then be prepared for a bit of gushing early on in the book.Setting aside the obvious bias, the author does a…

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