Job Guarantee as a Policy Variable — Brian Romanchuk

Summary:
The Job Guarantee is the most natural implementation of the concept of having the central government act as a price setter. By making an open bid for labour at a fixed price, an effective minimum wage is created in the economy, and it will eliminate almost all involuntary unemployment. This discussion will not cover the tricky question of implementation details, but will instead discuss how this fits in with the Monetary Monopoly model.... Bond EconomicsJob Guarantee as a Policy VariableBrian Romanchuk

Topics:
Mike Norman considers the following as important: JG, Job Guarantee, MMT, Monetary Monopoly Model

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