Pääekonomisti @SOSTE10'ssa, hyvinvointitalouden rakentaja. #hyvinvointitalous |
Economist at social and health sector NGO, #WellbeingEconomy in focus.
Jul 29, 2020 • 22 tweets • 12 min read
I seem to have time this summer to read another intriguing book by a #MMT scholar. So, what follows is some remarks on @ptcherneva's "The Case for a Job Guarantee".
1) From the top a very readable and eloquent presentation - I like the compactness of this book series.
2) It is difficult to find more timely subject for non-fiction book. @ptcherneva portrays nicely why everbody should be interested in #JobGuarantee proposal. Everyday examples in the introduction bring the unemployment question to right level of abstraction.
1) It is a fabulous popularization of #MMT (neo-chartalism). 2) The division between Currency-User and Currency-Issuer is explained in a very clear manner - will be THE eye-opener for many.
(To be continued...)
3) Key principle (of #MMT) is to redefine "balanced" in economic policy and move the focus from balancing government spending and taxes to "balancing" full employment and price stability. 4) Changing NAIRU oriented policies to Job Guarantee is the main tool.