The conclusion will be that macroeconomic policy proposals should be informed by stock-flow consistent modern monetary theory; that a job guarantee, or employer of last resort scheme, is a proposal which is affordable and potentially able to stabilise an unstable economy; that the elimination of involuntary underemployment can raise the subjective well-being of millions of people and promote social inclusion; and that the framing of this and other policy proposals is of vital importance, and should not be neglected by economists and the politicians they advise.
Tag: Monetary Sovereignty
‘Modern Money Systems: Understanding the Monetary Mechanics of Value’ & ‘The State vs. Government: Opposing Concepts of Authority’ | John Laurits
Modern Money Systems: Understanding the Monetary Mechanics of Value Reproduced from: https://www.johnlaurits.com/2018/mmt-modern-money-system-explained/ February 18, 2018 Modern money is a strange thing. To most of us, money appears as something continuously given to landlords and businesses to secure a place to live, food to eat, and all the little parts to make that thing called “a living.”… Read More