Week 3 Notes
Week 3 Notes PACS 2000
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This 1 page Class Notes was uploaded by Andrew Chicotel on Monday September 21, 2015. The Class Notes belongs to PACS 2000 at Bowling Green State University taught by Ian Young in Fall 2015. Since its upload, it has received 17 views. For similar materials see INTRODUCTION TO PEACE AND CONFLICT STUDIES in Political Science at Bowling Green State University.
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Date Created: 09/21/15
Week 3 Policy FormulationComing up with a policy to x a problem Policy Legitimation Selling your policy solution to relevant lawmakers as well as public consent Theoretical Feasibility Is it possible to implement this policy Practical Feasibility Will it work Modern Money Theory rejects the idea that a balanced budget is optimal or feasible worries about employment industrial capacity We have underemployment and unused industrial capacity so there is no reason for us to take on austerity policy Without Social Security Senior Poverty would be about 50 The Federal Government makes its own money it does not need to tax American Currency is a nonconvertible sovereign currency taxation from federal government is job killing but cutting federal spending always leads to unemployment Taxes ensure that the American dollar is the sovereign currency of the nation because you can only pay your taxes in USD Taxes also function as an economic stabilizer during times of in ation and de ation
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