Warren Mosler's Policy recommendations For A Strong and Stable Economy | MMT

Modern Monetary Theory suggests A combination of universal healthcare, a job guarantee, and strategic resource planning would stabilize prices while boosting economic resilience.

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Medicare for All economic impact goes beyond just healthcare—it dramatically reduces business costs and enhances market competition. Many wonder, does universal healthcare lower prices? The answer lies in removing private insurance from employer expenses, which directly cuts costs for businesses and lowers overall prices. A major question is how to reduce inflation without job losses, and one solution is eliminating the inefficiencies of private health insurance. Business costs under Medicare for All would decrease significantly, making American companies more competitive.

Private insurance vs public healthcare costs is a critical debate, but the reality is that private insurers spend nearly three times as much on administrative costs. Some worry about job losses from Medicare for All, as insurance companies would downsize, but a federal job guarantee program explained shows how workers could transition into needed public sector roles. Understanding how a job guarantee stabilizes prices is key—it ensures people can find work while preventing inflation from spiraling.

Unemployment and price stability are often seen as opposing forces, yet a transition job program proves they can coexist. Another overlooked issue is how tariffs affect the economy—many assume they protect domestic jobs, but they often raise consumer prices without delivering real benefits. The true cost of private health insurance includes inefficiencies, higher prices, and unnecessary administrative overhead, which is why removing it from employer burdens would strengthen the economy.

Why businesses prefer hiring employed workers highlights a common challenge in labor markets: those unemployed for long periods struggle to get rehired. A job transition program helps bridge that gap. The best way to lower production costs isn't tariffs or outsourcing—it’s restructuring expenses like healthcare that unfairly burden businesses. Strategic resource planning for national security should focus on essential materials like steel and energy rather than arbitrary tariffs.

A common question is, should healthcare be a business expense? The evidence suggests it shouldn’t, as it distorts pricing and hinders competition. Another factor to consider is how government spending affects inflation—targeted spending on job programs and public services can actually stabilize prices rather than fuel them. There are clear pros and cons of eliminating tariffs, but in most cases, tariffs only make goods more expensive without meaningful economic benefits.

Public sector jobs vs private sector employment is another key debate, especially when considering economic stability. A strong labor market means ensuring people have work opportunities rather than relying on job losses to curb inflation. What causes inflation more: demand or supply? Most recent price increases have been supply-driven, yet policies often focus on limiting demand instead of addressing real constraints. That’s why the labor market needs reform—to ensure people have stable jobs and businesses can grow without artificial cost pressures.