Unemployment Is Created By Government And Can Only Be Solved By Government


There is another very valuable short YouTube video Unemployment Is Created By Government And Can Only Be Solved By Government. This video is true to its headline, but did not lead to where I expected.

This gives away the surprise of the video
Warren Mosler, one of the founders of Modern Money Theory, discussing the purpose and consequence of tax. The monetary system is a tool to move resources to the government: the government imposes a tax on its citizens for a token piece of paper that only it can issue. In order to get the money to pay the tax, the citizens must work for the government, or must work for somebody else who has gotten the tokens from the government.

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