Links to Free Versions of Just About Everything I, Karl Widerquist, Have Ever Written

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Karl Widerquist specializes in basic income.

The MMT position on basic income is that it should be in addition to a universal job guarantee since they address fundamentally different issues. Moreover, basic income should be means-tested rather than universal, which MMT economists argue is inflationary instead of stabilizing as purported.

Since this is shaping up as a policy debate going forward as fiscal rises relative to monetary policy, it is useful to know both sides firsthand if one wishes to participate in the debate as an informed party.

I personally favor a social dividend chiefly in the form of federally funded fiscal support of a welfare-based society as opposed to a market-based one. This would involve provision of infrastructure, services and a strong safety net, characteristic of social democracy. The overall goal is more evenly distributed leisure and opportunity owing to the productivity gains from technology as a social phenomenon whose causes are not limited to invention and implementation. Part of this predistribution would have to include reducing negative externality for sustainability and elimination of rent-extraction for economic efficiency.

Bien
Links to Free Versions of Just About Everything I, Karl Widerquist, Have Ever Written