Scott [Fullwiler] mentioned on another thread:
Actually, the NAIRU model is all about, explicitly, making sure there are enough people unemployed to ensure inflation doesn’t rise above the target.
The way they do this is to dehumanise the population affected. They start talking in optimal percentages (4%) rather than in real people.
Real people means (in the case of the US) six million real walking, talking human beings, all with hopes and dreams and aspirations, who cannot and will not be able to obtain sufficient to feed and house themselves and the people that depend upon them.
And their only hope of advancement is to replace themselves in that pool of hopelessness by swapping themselves with somebody currently outside it.
Dehumanization and individualization of a systemic problem are the tools by which this carnage is justified. It stinks and it must be stopped.
Which is why an income/something-to-do guarantee of some description has to be the first piece of an MMT style policy programme implemented.Read the rest at 3spoken
MMT and why implementation order matters
by Neil Wilson