MMP Blog #42: Introduction to the Job Guarantee or Employer of Last Resort
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.
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.
I will be making policy recommendations that are consistent with MMT. You do not have to like mine; you can come up with your own.
Let’s finish up the discussion of Lerner’s functional finance approach addressing two issues: functional finance and developing nations and also the functional finance approach to trade deficits.
The European left suffers from a post-traumatic stress disorder that has its origins in Margaret Thatcher’s policies and does not know how to cope with it in a functional way.