Read it at CNBC Net Net
There are at least three reasons the Jobs Guarantee cannot work.1. It's massively inflationary.2. It's a bureaucratic nightmare.3. It's economically stagnating.
Can the Government Guarantee Everyone a Job?
by John Carney, Senior Editor
My comment at CNBC Net Net:
John, have you read the extensive writing of people like Mosler, Mitchell, and Wray on the Job Guarantee? They have addressed these objections and many more in their professional writings and boiled this down for popular consumption on MMT blogs.
I am surprised that anyone would surmise that professional economists would not have anticipated such obvious objections and fielded them preemptively in their work. There are numerous papers at Levy (levy.org), CFEPS (cfeps.org), and CofFEE (e1.newcastle.edu.au/coffee/). Bill Mitchell wrote his PHD dissertation in this field, and Bill and Joan Muysken published the definitive work to date, Full Employment Abandoned (Elgar, 2008).
Hey, John said before we were combative over here. :)