An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, April 26, 2018
Jeff Spross — How much would a job guarantee actually cost?
Now, I think modern monetary theory has this right.
And since the job guarantee is designed to not perpetually compete with private employers over scarce labor, it shouldn't set off the wage-price spirals that cause overheating and inflation.
And since the job guarantee is designed to not perpetually compete with private employers over scarce labor, it shouldn't set off the wage-price spirals that cause overheating and inflation.
ReplyDeleteLabor is scarce?!