
#18 John T. Harvey: Macroeconomics Done Properly (part 1)
The MMT Podcast with Patricia Pino & Christian Reilly
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Macroeconomics: Spending, Employment, and Irony
This chapter delves into macroeconomics, revealing how individual spending impacts income generation and highlighting the paradox of high productivity coupled with unemployment. Using historical examples, it critiques the capitalist focus on minimizing labor costs and examines the implications of agricultural overcapacity on job availability and food affordability.
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