by Summary:
If there are two big economics ideas that have fired up the popular imagination during the Covid-19 epidemic they are the universal basic income and modern monetary theory. And with the primary criticism of the first being the cost, the second - which claims countries with their own currency can never run out of money - would seem to provide the answer. But the Australian economist who coined the term MMT, Bill Mitchell, isn’t a fan of the UBI - a proposal he dismisses as an unnecessary surrender to neoliberalism.I spoke to Bill last month and the The Spinoff have published an article I wrote based on the interview. But there’s a lot that didn’t make it into that story so here’s a full transcript (edited slightly for sense ).... Scoop (AU)Bill Mitchell: A Job Guarantee
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
If there are two big economics ideas that have fired up the popular imagination during the Covid-19 epidemic they are the universal basic income and modern monetary theory. And with the primary criticism of the first being the cost, the second - which claims countries with their own currency can never run out of money - would seem to provide the answer. But the Australian economist who coined the term MMT, Bill Mitchell, isn’t a fan of the UBI - a proposal he dismisses as an unnecessary surrender to neoliberalism.I spoke to Bill last month and the The Spinoff have published an article I wrote based on the interview. But there’s a lot that didn’t make it into that story so here’s a full transcript (edited slightly for sense ).... Scoop (AU)Bill Mitchell: A Job Guarantee
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
Scoop (AU)If there are two big economics ideas that have fired up the popular imagination during the Covid-19 epidemic they are the universal basic income and modern monetary theory. And with the primary criticism of the first being the cost, the second - which claims countries with their own currency can never run out of money - would seem to provide the answer. But the Australian economist who coined the term MMT, Bill Mitchell, isn’t a fan of the UBI - a proposal he dismisses as an unnecessary surrender to neoliberalism.I spoke to Bill last month and the The Spinoff have published an article I wrote based on the interview. But there’s a lot that didn’t make it into that story so here’s a full transcript (edited slightly for sense )....
Bill Mitchell: A Job Guarantee