>Bill Mitchell, an economics department chairman, wrote on Post Keynesian
>Thought http://csf.colorado.edu/mail/pkt/jun98/0477.html in response to
>my statement regarding his buffer stock proposal that "in other words,
>if you do not work, you do not eat":
>
>"Bullshit. If you can work, you do not get welfare or a BSE wage. This
>doesn't mean you don't eat. It might, in which case you would start
>working. In a BSE, it means that everyone who can work can access the
>distributional system. Societies like the ones we live in have not yet
>agreed to have some working and paying for others who could work and
>choose not to. Maybe down the track but I personally find it repugnant
>to think that someone would want to sponge like that."
>
>Adolph Hitler could not have said it better.
>
>The Mosler-Mitchell buffer stock proposals differ only in detail from
>superficially progressive sounding proposals of the 1920's fascists.
>The Nazi labor camps are the logical extension of such proposals,
>advancing only as to administrative efficiency. These labor camps
>evolved into concentration camps, which evolved into death camps.
This is a load of crap. Bill Mitchell isn't a fascist. Warren Mosler, though his scheme strikes me as soft-money malarkey, isn't either. I don't see any reason why this was carried over from PKT to here, but it's not welcome, at least by me.
Doug