Daily Archives: January 5, 2012

What’s MMT About Anyway and is the Job Guarantee Crucial to the Project?

This post is primarily addressed to the MMTcommunity and whoever considers himself/herself a follower of Modern MonetaryTheory.  It deals with the question ofwhat is in the purview of MMT.
A number of MMT supporters from the blogosphere haveargued that MMT has a descriptive and prescriptive part and, more recently, thatthe Job Guarantee program (JG) falls in the category of prescriptions and that itis not as essential to the MMT project as the description of the operationalrealities of modern economies.