MMP Blog #44: The Job Guarantee and Macro Stability
Our claim is that the economy with a Job Guarantee will be more stable than one without the Job Guarantee.
Our claim is that the economy with a Job Guarantee will be more stable than one without the Job Guarantee.
A JG or ELR program is one in which government promises to make a job available to any qualifying individual who is ready and willing to work.
Some have called it slavery; others accuse supporters of fascism or communism. Some claim we want to destroy the safety net. Others say we want to destroy capitalism.
The answer to both questions posed in the title is, I think, a big fat no.
As Carney and others lay their proposals out on the table so that we can see what kind of government they want, the reaction by most people is sheer horror.
A response to John Carney’s published works because I think they are the most cogent MMT critiques the Austrians have to offer.