Modern Monetary Theory is right about the government’s capacity to spend, but dead wrong about how to use this spending power. A Job Guarantee won’t work. A Universal Basic Income will. As economic activity plummets and joblessness surges, governments around the world have pulled out their proverbial check-books and begun
Why This Isn’t The MMT Moment
Why This Isn’t The MMT Moment
Why This Isn’t The MMT Moment
Modern Monetary Theory is right about the government’s capacity to spend, but dead wrong about how to use this spending power. A Job Guarantee won’t work. A Universal Basic Income will. As economic activity plummets and joblessness surges, governments around the world have pulled out their proverbial check-books and begun