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.
Can you separate the MMT explanation of the cause of unemployment from the policy to cure it? Yes. Should you? Of course not.
Our claim is that the economy with a Job Guarantee will be more stable than one without the Job Guarantee.
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.
The public purpose is an evolving concept. The national government must play an important role in society as it helps to identify the social purpose and to establish a social structure in which individuals and groups will work toward achieving the public purpose.