Tag Archives: job guarantee

Guaranteed Income or Employment: Economic Rights for the 21st Century

Posted on September 9, 2013 by Pavlina Tcherneva | 1 comment

Video from the Modern Money and Public Purpose series. This is Lecture 8 on economic rights and features Pavlina Tcherneva and Philip T. Harvey

1 Comment

Posted in Pavlina R. Tcherneva

Tagged economic rights, income guarantee, job guarantee, Modern Money and Public Purpose

Honoring Dr. King’s Call for a Job Guarantee Program

Posted on August 28, 2013 by Devin Smith | 22 comments

By Fadhel Kaboub

Fifty years ago today, Dr. Martin Luther King, Jr. led the 1963 “March on Washington for Jobs and Freedom.” Yes, jobs!

For the civil rights leaders, the fight for justice was not limited to providing equal voting rights for all Americans and abstaining from discriminatory practices against African Americans. A federally funded Job Guarantee program was a central theme articulated by Martin Luther King and Bayard Rustin (the organizer of the 1963 March on Washington, and one of this year’s recipients (posthumously) of the Presidential Medal of Freedom).

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22 Comments

Posted in Guest Blogger

Tagged Bayard Rustin, job guarantee, Martin Luther King

What Would You Have the President Do? Part II, Getting to Full Employment

Posted on July 29, 2013 by Joe Firestone | 22 comments

Responding to a Post at Naked Capitalism by Michael Hudson with some additions by Yves Smith, a commenter, objecting to the criticism of the President’s Knox College speech, issued the challenge ”What would u have him do?” in connection with his promised effort to restore prosperity to the middle class and the poor. In this series I’m giving my answer to that question. In Part I, “Necessary First Moves,” I offered and described two of these. Ending the filibuster, and using High Value Platinum Coin Seigniorage (HVPCS) to fill the Treasury General Account (TGA) with $60 Trillion in reserves. Continue reading →

22 Comments

Posted in Joe Firestone

Tagged $60 Trillion Coin, austerity, debt and deficits, deficit spending, entitlement guarantee, fiat money, filibuster, High Value Platinum Coin Seigniorage, HVPCS, job guarantee, MMT, modern money theory, Social Security, state revenue sharing

A job should be a right, not a privilege!

Posted on February 20, 2013 by Devin Smith | 34 comments

NEP’s Marshall Auerback appears on the Thom Hartman program, 20 February 2013, discussing limits on banksters’ salaries and bonuses. There is some discussion of jobs guarantee near the end of the segment (near 9:00 mark).

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Posted in Marshall Auerback

Tagged banksters, job guarantee

Full Employment as the New Progressive Paradigm

Posted on December 19, 2012 by Dan Kervick | 60 comments

By Dan Kervick

Part Two of a four-part essay

In Part One of this essay, I evoked the dismal state of the progressive movement in the developed world, and proposed that as part of the effort to turn this situation around progressives should embrace the political ideal of a full employment economy, with an activist government permanently standing ready to provide a productive job for every person who is both willing and able to work, but who is unable to find work in the private sector.

I would hope people of every political stripe would see value in a full employment economy. But my argument here is aimed at progressives specifically. I want to explain why, given the kinds of defining values they have traditionally embraced – democracy, equality, solidarity and progress – progressives should be drawn to the full employment ideal. I will first explain why, in my view, progressives should view the pursuit of a full employment economy as a political, economic and moral imperative, and embrace the full employment cause as a foundation for progressive political revival. I will then set out a few basic proposals about how a full employment economy might be structured.

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60 Comments

Posted in Dan Kervick

Tagged full employment, job guarantee, MMT, Modern Monetary Theory, unemployment

Thomas Palley Conflates the Conservative Party in the UK with UMKC

Posted on August 1, 2012 by Devin Smith | 4 comments

By William K. Black

Thomas Palley argues that the UK Conservative Party’s plan to abuse the unemployed “confirms” the accuracy of his opposition to MMT theorists’ employer of last resort/job guarantee (ELR/JG) proposals. His logical chain is as follows.

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4 Comments

Posted in William K. Black

Tagged Employer of Last Resort, job guarantee, uk austerity

MMP Blog 50: MMT Without the JG? Conclusion

Posted on May 28, 2012 by Mitch Green | 131 comments

By L. Randall Wray

Sorry for the interruption of the blog. Originally I had planned 52 blogs, one-year’s-worth, although along the way I added a few so that we would have run about 13 months. Here’s why: the blogs came from a book manuscript, the Modern Money Primer. The idea was that you would not only be a test audience, but that your questions and comments would allow me to revise the manuscript as we went along. And that worked. I think the manuscript was much improved because of this blog. You helped write the book.

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131 Comments

Posted in L. Randall Wray, MMP

Tagged ELR, job guarantee, MMT, Modern Monetary Theory, modern money theory

MMP Blog 48: IS THE JOB GUARANTEE NECESSARY?

Posted on April 29, 2012 by Mitch Green | 92 comments

By L. Randall Wray

Over the past 11 months, or so, we have examined Modern Money Theory. This is the proper paradigm for analyzing all modern countries that use their own currency.

Some have wondered whether we can separate MMT from the Job Guarantee (JG): can one accept MMT while rejecting the JG?

To be honest, I find this to be a rather strange question. We have a modern theory of Bubonic Plague. Until medical science developed a theory of disease that can be caused by microbes too small to be seen with the naked eye, all sorts of explanations of the cause of the Plague were offered. The most popular was “bad air”. The preventative measures offered (quarantine of affected individuals, evacuation of cities, burning of the property of the deceased), and improvement of public sanitation actually were quite effective—indeed, in the richer countries the plague was almost banished even before the “germ” theory of disease was ever developed. (To be sure, there were false starts—such as killing cats, that had helped keep rats in check!)

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92 Comments

Posted in L. Randall Wray, MMP

Tagged job guarantee, Modern Monetary Theory, modern money theory

MMP Blog #47: The JG / ELR and Real World Experience

Posted on April 22, 2012 by Mitch Green | 37 comments

By L. Randall Wray

There have been many job creation programs implemented around the world, some of which were narrowly targeted while others were broad-based. The American New Deal included several moderately inclusive programs such as the Civilian Conservation Corp and the Works Progress Administration. Sweden developed broad based employment programs that virtually guaranteed access to jobs.

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37 Comments

Posted in L. Randall Wray, MMP, MMT

Tagged ELR, Employer of Last Resort, JG, job guarantee, Modern Monetary Theory

Responses to MMP Blog #46: The Job Guarantee – Program Manageability

Posted on April 19, 2012 by Stephanie Kelton | 22 comments

By L. Randall Wray

Responses to MMP Blog #46: The Job Guarantee – Program Manageability

Sorry, late yet again. One more week of teaching and then things should be less hectic. Note I had planned for 52 MMP blogs and we are nearing the end…… But it looks like we’ll need a few more. I’m going to be a bit lazy this week, cutting and pasting the comments and providing brief responses.

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