And if you’re okay with the Federal Reserve as the lender of last resort when credit markets fail, as was the case in the financial crisis of 2008, then you should apply the same standard to labor markets. Banks facing credit constraints are no more economically important than workers facing inadequate job opportunities, and … Continue reading Tuesday was a great win for Democrats. Here’s how they can build on it.
Basic Income is often promoted as an idea that will solve inequality and make people less dependent on capitalist employment. However, it will instead aggravate inequality and reduce social programs that benefit … Continue reading Universal Basic Income is a neoliberal plot to make you poorer
Imagine if a well-paying job, with benefits and a high enough salary to pay for rent, transportation, and food, were a human right. Imagine the US federal government established a policy whereby … Continue reading What America would look like if it guaranteed everyone a job
A federal job guarantee would reinvigorate American infrastructure and ensure that no workers go home in poverty. Interesting read and it appears that we already have a mandate to provide such a … Continue reading Forget Higher Minimum Wage—Here’s a Better Way to Help American Workers
Even Fox News is getting into the debate.. and Tucker Carlson didn’t really seem to fight it that hard. Source: Do we need a federal job guarantee? | Fox News Video Continue reading Do we need a federal job guarantee?
Pavlina Tcherneva, Bard College associate professor, explains why she believes basic income is a bad idea. She speaks with Bloomberg’s Joe Weisenthal on “What’d You Miss?” Pavlina is correct.. Basic Income is … Continue reading The Argument Against Basic Income – Bloomberg
Well, it just so happens, that it can order the Federal Reserve to do that. It’s just that not everyone knows that it can. And among those that know, there are many … Continue reading What if the US Treasury Could Order the Federal Reserve to Increase the Balance in Its Spending Account Whenever it Needed to and Everyone Knew that It Could?
By David L. Glotzer An Employer of Last Resort, also known as a job guarantee (JG), is exactly what it sounds like. It is a promise by the government through either private partners … Continue reading Employer Of Last Resort: A Completely American Solution To Unemployment
Interesting point about a Job Guarantee and how it is used to set the value of the dollar. The speaker is Pavlina R. Tcherneva, Ph.D., Associate Professor and Chair at the Department of … Continue reading A Job Guarantee Would Set The Price Of The Dollar