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Unlearning Economics: Jon Erickson, Josh Farley, Steve Keen, & Kate Raworth | Reality Roundtable #03

The Great Simplification with Nate Hagens

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The Worst Way of Running an Economy

markets are clearly the worst way of running an economy. Other than every other way that's ever been tried. Raphshning is a bad word, but we use rationing when we say the word price. We need a far more equitable society because in a deeply inequitable society, prices won't work. The rich don't notice the poor can't cope. Let's bring in a more equitable tax distribution. Why not introduce a universal basic income? If everybody has the right of access to the market, let's fix this with a universalBasic Income. Wouldn't that be better than rationing? Great question. That's a great point. I totally agree with you.

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