How the Job Guarantee (JG) Controls Inflation

Created
Fri, 31/07/2020 - 01:02
Updated
Fri, 31/07/2020 - 01:02
The MMT analysis shows that inflation is controlled by a buffer stock. That can either be an buffer stock of unemployed people, or a buffer stock of employed people. Here we explain why an employed buffer stock, the Job Guarantee, is superior.