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Patrick Wood — Should every Australian be offered a government-funded job?

Summary:
US economist Stephanie Kelton, who served as Bernie Sanders' economic adviser during the 2016 presidential campaign, is currently touring Australia to promote the concept she says isn't too good to be true. "There is nothing to prevent the Australian government, if it chose to do so, from funding a large-scale government job program that would offer employment to anybody who wanted work and couldn't find it anywhere else in the Australian economy," she said.  "Let the private sector create as many good jobs as it is willing to create, but the problem is there is always a segment of the population that doesn't get invited to the table.  "And so this program is there as a backstop to just soak up the people who are left behind." ABC (Australia)Should every Australian be offered a

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US economist Stephanie Kelton, who served as Bernie Sanders' economic adviser during the 2016 presidential campaign, is currently touring Australia to promote the concept she says isn't too good to be true.
"There is nothing to prevent the Australian government, if it chose to do so, from funding a large-scale government job program that would offer employment to anybody who wanted work and couldn't find it anywhere else in the Australian economy," she said. 
"Let the private sector create as many good jobs as it is willing to create, but the problem is there is always a segment of the population that doesn't get invited to the table. 
"And so this program is there as a backstop to just soak up the people who are left behind."
ABC (Australia)
Should every Australian be offered a government-funded job?
Patrick Wood
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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