Economic stimulus packages can never satisfactorily address the real problem of unemployment and underemployment in market economies, according to Randall L. Wray. He estimates real unemployment is close to 30 million people or 20% of the workforce in the USA. But there is an effective and affordable to achieve full employment through direct job creation programs financed by the US Government. In this webcast, Professor Wray discusses the short and long term causes of unemployment, the right to employment, the hidden costs of unemployment, the unrecognized benefits of full employment, theory of how job guarantee programs can effectively balance full employment and currency stability along with practical examples of successful programs. This presentation will be of interest to all those looking for a realistic practical strategy for addressing the problem of unemployment. Wray is Professor of Economics and Research Director of the Center for Full Employment and Price Stability at the University of Missouri–Kansas City and Senior Scholar at the Levy Economics Institute of Bard College in New York. He is author of numerous books including Money and Credit in Capitalist Economies and Understanding Modern Money: The Key to Full Employment and Price Stability. For a complete bio and list of Professor Wray’s publications and links to working papers, click here

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Watch “National Job Guarantee by Professor Stephanie Kelton at the Sanders Institute – March 2018” on YouTube

https://youtu.be/qoMamSmsAIM Michabo Sustainable Harmony Published on Mar 25, 2018 Reproduced from: https://www.huffingtonpost.com/entry/stephanie-kelton-economy-washington_us_5afee5eae4b0463cdba15121 Stephanie Kelton Has The Biggest Idea In Washington Once an outsider, her radical economic thinking won over Wall Street. Now she’s changing the Democratic Party. Zach Carter 05/20/2018 07:23 am ET For most of her career, Stephanie Kelton was accustomed to being ridiculed. It… Read More