MMP Blog #50 Responses
Comments and responses on the Modern Money Primer Part 50.
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.
There have been many job creation programs implemented around the world – let’s take a look at some of them.
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.
MMT is not just for advocates of big government. I have always been surprised that some of the most vehement critics of MMT are libertarians and Austrians.