MMP Blog #45 Responses
Comments and responses on the Modern Money Primer Part 45.
A sovereign nation operating with its own currency in a floating exchange rate regime can always financially afford an JG/ELR program. So long as there are workers who are ready and willing to work.
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.