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.
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