MMP Blog #50 Responses
Comments and responses on the Modern Money Primer Part 50.
Employer of Last Resort
MMP Blog #50: MMT Without the JG? Conclusion
Can you separate the MMT explanation of the cause of unemployment from the policy to cure it? Yes. Should you? Of course not.
MMP Blog #49: Should Growth Drive Jobs, or Jobs Drive Growth?
It is much better to create the jobs and then let growth follow, rather than to try to pump up growth in the hope that some jobs might trickle down.
MMP Blog #48: Is The Job Guarantee Necessary?
Once one understands that sovereign governments do not have to force millions to suffer involuntary unemployment, then the ethically defensible position of opposing a Job Guarantee is narrowed.
MMP Blog #47: The JG / ELR and Real World Experience
There have been many job creation programs implemented around the world – let’s take a look at some of them.
MMP Blog #46: The Job Guarantee – Program Manageability
Problems will be encountered in any real world JG program, but what must always be kept in mind is that the alternative—unemployment—is, arguably, far more socially wasteful.