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.
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 started… Read More