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Modern Monetary Theory: Key Insights, Leading Thinkers

Book by Pavlina R. Tcherneva · 5 quotes · Economics, Macroeconomics, Employment

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Modern Monetary Theory: Key Insights, Leading Thinkers Quotes

“One recurrent question relates to the conditions required to make governments implement an employment guarantee programme? How high would the unemployment rate have to be? How high would poverty have to be? And the answer in Argentina: until the protests were unbearable! When this happened, policymakers worked with real urgency to solve the problem.”

“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.”