MMT and Post-Keynesian Economics: A New Paper on Ontological Differences
Our new paper explores the fundamental disagreements between Modern Monetary Theory and Post-Keynesian economics, arguing they stem from deep-seated ontological differences
Jg
The Job Guarantee - More Money, Less Tax
A Job Guarantee is a straightforward concept. It is the government’s offer of a job to everyone who wants one, at the living wage, working for the public good.
The Basic Income Illusion
Basic income is a monetary illusion. Here’s how the trick is done and why it always fails.
Uber Under a Job Guarantee
Six years in court to get the minimum wage isn’t acceptable. People need a guarantee of a living wage job. Here’s how Uber would fare againt a Job Guarantee.
Look Ma No Tax: From Zero to Full Employment
Demonstrating how the Job Guarantee precisely offsets the drain to savings
The UK Job Guarantee — how it gets paid
Why the UK tax and benefits infrastructure is ready to implement a full Job Guarantee for all.
How the Job Guarantee Fixes Mainstream Macro
Adding a Job Guarantee to the peer reviewed mainstream agent model
Adding a JG to the Baseline Model
Algorithm changes required to the Baseline Model to support a Job Guarantee
How the Job Guarantee (JG) Controls Inflation
The MMT analysis shows that inflation is controlled by a buffer stock. That can either be an buffer stock of unemployed people, or a buffer stock of employed people. Here we explain why an employed buffer stock, the Job Guarantee, is superior.
From Furlough to Full Employment: Part Deux
Overview of a UK Job Guarantee