8 years ago
2
To Fix Economy, U.S. May Need a Second Keynesian Revolution
The U.S economy is hurting. Despite massive stimulus programs and historically low interest rates, the economy remains mired in a slow growth cycle characterized by low labor force participation, wage stagnation and a lack of adequate investment. To get the economy moving again, we may need to draw on lessons learned from past generations.
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The US needs to publicly execute the board of directors of every corporation that dodges taxes and hoards their money offshore instead of investing in the U.S. and creating jobs. The economy would "miraculously" improve as the guillotines worked their war through the Fortune 500.
This sounds oddly familiar. But I suspect there might be a minor issue with regard to the US Constitution. Not to mention civil rights and humanitarian issues.
Don't get me wrong, I'm right there with you about prosecuting and punishing the guilty. But public executions might possibly be a bridge too far.