What a shame! Warren Mosler said in a recent tweet that if money is created at the central bank to pay for a Basic Income it could work, but your playing with fire. With MMT, he says, money creation is tied to the Job Guarantee.
An experiment with 'free money' in Finland made people happier but did not improve employment levels and would be 'unsustainable', a study has found.
Participants in the Finnish study 'were more satisfied with their lives and experienced less mental strain, depression, sadness and loneliness,' researchers said.
But the Finnish study found that the handout led to people being employed for only six more days over a one-year period.
Daily Mail
Free money makes people happy! Basic income improves people's mental well-being but is 'unsustainable', Finnish trial finds
How does a job guarantee work when you are under a shutdown?
ReplyDeleteA JG becomes a temporary UBI during a shutdown. But it is preferred to give these income streams another name, like unemployment insurance or welfare.
ReplyDeleteIf we're not going to commit to full employment, then a UBI or national dividend is an alternative, along with price controls.
”experienced less mental strain, depression, sadness and loneliness,' researchers said. ”
ReplyDeleteWe cannot have that. That is only for those at the top so they can feel special about themself and tell those under them to get a grip, lighten up, if you work hard enough your dreams will come true etc.
Nice conspiracy theory!
ReplyDelete(S, I’m going to have to drop you down 0.3 grade points for this you’re back down to a 3.3)
“A JG becomes a temporary UBI during a shutdown.”
ReplyDeleteSays who?
S,
ReplyDeletehere from the post one up thread:
" Conspiracy theories like this both make the believer feel special and brave for having secret knowledge and fighting to make it public, but also provide an explanation for bad things happening in the world."
this is exactly what you are doing here... knock it off...
The automatic stabilizers say so.
ReplyDeleteNo money, no funny.
ReplyDeleteOr is it no money, no honey?
Is Peter Pan, here, Bob?
ReplyDeleteAnd that avatar, PP, (Bob?) -- is it a pleasant bumble bee or is it one of them murder hornets?
https://www.ctvnews.ca/sci-tech/murder-hornets-may-spread-east-from-b-c-if-not-eradicated-entomologist-says-1.4923941
“(S, I’m going to have to drop you down 0.3 grade points for this you’re back down to a 3.3)”
ReplyDeleteGrades from Trump University. No thanks.
A lot of useful online work could be paid for by Government while people are confined, or online training, to reskill/upskill during the period at home.
ReplyDeleteNot sufficient, but could provie some JG-like support
Bob is no more. Tinkerbell put her foot down.
ReplyDeleteMy avatar is of a buff-tailed bumblebee.
Hornets are killers of bees.
Asian hornets are unmistakably frightening due to their size.
Will work for honey...