tag:blogger.com,1999:blog-2761684730989137546.post4615939439915366630..comments2024-03-28T04:13:36.779-04:00Comments on Mike Norman Economics: Bill Mitchell — Japan about to walk the plank – againmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2761684730989137546.post-12239683781048045722019-10-02T08:39:20.683-04:002019-10-02T08:39:20.683-04:00KV yo there is a SHORTAGE of care workers over the...KV yo there is a SHORTAGE of care workers over there:<br /><br />https://www.mylondon.news/news/west-london-news/brexit-remain-eu-britain-leave-17013228<br /><br />Just go get trained and qualified and walk right into a job today.... might have to pass the urinalysis though....Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-79604111808588953922019-10-01T03:16:22.778-04:002019-10-01T03:16:22.778-04:00“I’ll guarantee is that that question will never b...“I’ll guarantee is that that question will never be answered”<br /><br /> Bill hasn’t turned off comments but Matt has. So I’ll guarantee that Matt will not answer any questions related to Matt’s own posts. <br /><br />Matt is as usually just throwing stones in his glass house. Not many unbroken windows left in that house.<br /><br />S400https://www.blogger.com/profile/01282349400341912187noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-61489815238998917842019-10-01T02:48:53.761-04:002019-10-01T02:48:53.761-04:00It becomes more and more obvious that Matt cannot ...It becomes more and more obvious that Matt cannot grasp content larger than what fits in a tweet and that together with that he is completely driven by his political bias where cherry picking with no regards to what is actually said or written is his favorite tool together with him ascribing made up stuff about this and that to others . <br /><br />Stupid 101<br />.<br />S400https://www.blogger.com/profile/01282349400341912187noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-59632484139437661222019-09-30T04:21:46.975-04:002019-09-30T04:21:46.975-04:00You still don't get it, I meant people on the ...You still don't get it, I meant people on the Job Guarantee programme can help people in wheelchairs and old people.<br /><br />I think the JG is a fantastic way to rebuild communities. Too many ppl sitting around with nothing to do, and they can't afford a social life, so the JG will be terrific for them. Kaiveyhttps://www.blogger.com/profile/04195639305785321786noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-84271132142365703352019-09-29T21:08:05.527-04:002019-09-29T21:08:05.527-04:00Comment over there:
“Esp
Monday, September 30, 20...Comment over there:<br /><br />“Esp<br />Monday, September 30, 2019 at 10:25<br />Hi Prof Mitchell, given that unemployment in Japan is 2.2% and youth unemployment is 3.4% – low, but above historical lows – and there is no sign of inflation (probably never will be!), is your prescription aimed at simply moving the economy to its productive potential so as to optimise economic welfare? Are the Japanese doing “OK” in a low growth environment? Kind regards.”<br /><br />I don’t know about a job guarantee but one thing I’ll guarantee is that that question will never be answered....Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-40258343053751419412019-09-29T20:58:10.019-04:002019-09-29T20:58:10.019-04:00Hey maybe like KV and S400 think, Japan can implem...Hey maybe like KV and S400 think, Japan can implement a Job Guarantee and Japan can make their old people in wheelchairs with no legs and diabetes get a job to get some “money!”....Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-18606851121734138792019-09-29T20:49:00.981-04:002019-09-29T20:49:00.981-04:00https://www.japantimes.co.jp/news/2019/06/28/busin...https://www.japantimes.co.jp/news/2019/06/28/business/economy-business/japans-unemployment-rate-flat-may-2-4-amid-tight-labor-market/#.XZFQN8opCf0<br /><br />“Japan’s unemployment rate stood at 2.4 percent in May, unchanged from the previous month, as the labor market remained at its tightest in decades, government data showed Friday.”<br /><br />So if govt want to increase spending in some sector they would want to then offset it by a tax increase to prevent “inflation!” ie mmt 101<br /><br /><br />What’s the problem?Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-14034835455098876652019-09-29T20:39:18.025-04:002019-09-29T20:39:18.025-04:00“Recall, that the tax was first introduced in Apri...“Recall, that the tax was first introduced in April 1989 – the rate was 3 per cent. They claimed at the time that the tax was necessary to fund welfare spending – in relation to its ageing society.<br /><br />So from the outset, the justification for the tax was flawed.”<br /><br />So they have an aging society short of labor (real terms) so they want to prevent “inflation!” So they raise taxes a bit to prevent “inflation!” which is MMT 101 so what’s the problem??????<br /><br />Iow if they increased govt spending there isn’t idle labor available to be activated by the increased govt spending so they increase tax a little bit... MMT 101...<br /><br />But yet Bill is complaining about something???? Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com