Economic Stimulation

COMMENTARY | Every one seems to want to stimulate the economy. I think the economy is too stimulated already. This country is enormously productive, maybe 20 times or more so than 200 years ago. There is no reason why we can not go to a 6 hour day or a four day week. That much work would provide us with all the necessities and all the comforts we need, and most of the luxuries. I suspect it would even provide us with gambling casinos, mansions, monuments, and even million dollar bonuses to parasites. If some of the last did have to be cut back on, I would not be distressed.

A mandatory 6 hour day or 4 day week with time and a half for overtime in corporations would solve the unemployment problem over night. With the extra time people could enjoy themselves. There is no divine law of the Universe that says we must work exactly 8 hours, not a second more or less, each day. Indeed it is said that Kellogg cut the work week to 30 hours without loss of productivity [Schwartz]. The important matter is for everyone making money, no one destitute.

If there was not enough production that way to make gambling casinos, no problem. People could gamble by card games in their own homes if they wished. Of course it would be necessary to HAVE their own homes for that. Foreclosure could be prevented by the federal government paying the full amount immediately (thus bank liquidity solved) provided the owner agreed to pay back by an agreement to pay 20% or so, or whatever was enough, additional income tax, which would include principle amortization, 6% or so interest, and cost of life insurance to cover the remaining principle. That would eliminate most foreclosures. It would also eliminate the federal loss currently incurred arising from multi-billion gifts to our nobles in the financial sector channeled through subsidies, bailouts, low interest rates or etc, with citizens having a whole life time to pay back if necessary.


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