A Modern Metaphor for the Economy: From Household Budget to Electric Motor
Big government or small? Physics doesn’t care. Why the economy is an electric motor, and why “balancing the books” is the wrong way to drive.
Jg
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
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.