@9H6SZPB6mos6MO
There are a few ways the government (or the FED) should intervene in the economy:
1. Levy taxes to fund national defense and a social safety net in the form of a negative income tax or UBI (not social security, medicare, or medicaid).
2. Enforce contracts and antitrust laws
3. Levy pigouvian taxes on externality-generating enterprises. This includes Carbon emitting industries. Use revenue from pigouvian taxes on negative externality generating industries (like coal) to fund pigouvian subsidies on positive externality businesses.
4. Control inflation through interest rates determined by the FED.
@9H6SYPP6mos6MO
If we have to have a government they should make sure the people publicly own the economy via direct democracy within the work force and their political process.