I like to understand what a statement is really saying about the universe. There is a lot of discussion around how the J.G should be implemented. There is one question in particular that is especially malignant.
Where we will all the jobs necessary for J.G workers come from?This usually comes from Austrians and some MMTers opposed to the idea. They state something along the lines of, there is simply not enough work to employ all of these people, further any work work that is created by the State will be unproductive and massively hyper-inflationary. The reason why J.G work is unproductive is because the demand has not been determined by the market.
The Issue. Misinformed definitions of ‘market’, ‘productive’ and ‘inflation-causes’.
This is so wrong I don’t know where to begin....
Read the rest at lowerleftlimit
Productive J.G employment is not necessary
by Shaun Hingston
