Tuesday, May 29, 2012
Rodger Mitchell — Why Modern Monetary Theory’s Jobs Guarantee is like the EU’s euro: A beloved solution to the wrong problem
As many here will know, Randy Wray recently posted MMP Blog 50: MMT Without the JG? Conclusion at New Economic Perspectives. Rodger Mitchell brought up several objections in the comments there on which I and others engage him. However, Randy had indicated in the post that he preferred focus on the substance of the post rather than other ideas. So Rodger took the argument to his place for further discussion. I am linking to it here, since I think that the objections are worthy of discussion.
Read it at Monetary Sovereignty
Why Modern Monetary Theory’s Jobs Guarantee is like the EU’s euro: A beloved solution to the wrong problem
by Rodger Malcolm Mitchell