In the mixed economy in which we live, it is the function of the planned state: to guarantee “full employment” (given that the federal government's own policies generate unemployment); stimulate "technological innovation" (not through the market, but through subsidies); guarantee a “fair” income distribution (rewarding parasites – mainly large businesspeople linked to the government – and punishing productive ones); control foreign (and also domestic) trade; and maintaining several state-owned companies for the good of the people (while fleecing the people themselves for the benefit of these state-owned bureaucrats).
Heterodox economists and conventional economists take turns providing economic advice to the current president. Both, however, are mere tools in the service of the interventionist state.
In the mixed economy in which we live, it is the function of the planned state: to guarantee “full employment” (given that the federal government's own policies generate unemployment); stimulate "technological innovation" (not through the market, but through subsidies); guarantee a “fair” income distribution (rewarding parasites – mainly large businesspeople linked to the government – and punishing productive ones); control foreign (and also domestic) trade; and maintaining several state-owned companies for the good of the people (while fleecing the people themselves for the benefit of these state-owned bureaucrats). Heterodox economists and conventional economists take turns providing economic advice to the current president. Both, however, are mere tools in the service of the interventionist state.