Home
Calendar
Latest images
FAQ
Search
Memberlist
Usergroups
Register
Log in
Is the Job Guarantee Central to MMT?
Yes!
It comes down to this:
With ‘state currency’
There necessarily is,
Always has been,
Always will be,
A buffer stock policy.
Call that the MMT insight if you wish.
So it comes down to ‘pick one’-
1. Gold
2. Foreign Exchange
3. Unemployment
4. Employed/JG/
5. Wheat
Whatever!
We pick employed/JG As it works best as a buffer stock based on any/all criteria for a buffer stock.
It is important to understand the primary function of a JG is to provide price stability and act as an automatic stabilizer.
Further Reading
Modern Money Primer #50 – MMT without JG?
Reposting a prior comment
Yes!
It comes down to this:
With ‘state currency’
There necessarily is,
Always has been,
Always will be,
A buffer stock policy.
Call that the MMT insight if you wish.
So it comes down to ‘pick one’-
1. Gold
2. Foreign Exchange
3. Unemployment
4. Employed/JG/
5. Wheat
Whatever!
We pick employed/JG As it works best as a buffer stock based on any/all criteria for a buffer stock.
It is important to understand the primary function of a JG is to provide price stability and act as an automatic stabilizer.
Further Reading
Modern Money Primer #50 – MMT without JG?
Reposting a prior comment
