“when there is a line outside the Job Guarantee Office, you know you need to spend more; when there is not, you do not. And once in place as a programme, there is no need for new legislation in the face of every downturn.” EconomicsEmploymentMacroeconomics Book:Modern Monetary Theory: Key Insights, Leading Thinkers Source: Modern Monetary Theory: Key Insights, Leading Thinkers
“A once-and-for-all increase in prices due to low-end workers finally seeing their wages catch up to historical productivity increases is a desired policy outcome, not something to be avoided. Thereafter, the goal would be for wages to stay roughly par with productivity, thereby creating price stability.” EconomicsEmploymentInflationMacroeconomics Book:Modern Monetary Theory: Key Insights, Leading Thinkers Source: Modern Monetary Theory: Key Insights, Leading Thinkers