Modern Monetary Theory: meet the economists fighting the economy


The Gower Initiative for Modern Money Studies has published an article on the interview Modern Monetary Theory: meet the economists fighting the economy.

From the USA presidential campaign perspective, I choose to highlight the following excerpt:

The jobs guarantee has the crucial advantage over universal basic income that it encourages the employment of people to do work that needs doing, and there’s no shortage of that.

“There are a whole set of activities that address unmet community need that the market will never address because they can’t be reconstructed into profit-making activities,” Mitchell argues.

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