The ownership question

Four most important questions in macro economic policy.

- Can we introduce a living wage without pricing some workers out of jobs?

- Can we tax companies more heavily without them moving their profits overseas, or cutting investment or shifting the burden onto workers or customers?

- Are there some macroeconomic policies - fiscal policies, wage-led growth, NGDP targeting (pdf) or whatever - that can create near-full employment?

- Is it possible to regulate banks sufficiently to avoid another financial crisis, whilst ensuring that they lend sufficiently to productive businesses?

Stumbling and Mumbling: The ownership question