There are jobs and then there are "jobs" (Image ‘Workers’, CC BY 2.0 Daily Sunny) The "social foundation" for modern monetary theory, a job guarantee, is divisive and elitist when compared to universal basic income, writes John Maycock .
WHEN INDEPENDENT AUSTRALIA columnist John Passant replied to a comment on one of his articles , revealing that he was ‘ … not a fan of Modern Monetary Theory ’ ( MMT ), he was asked by other commenters to clarify this “criticism”.
This is understandable, as there are a number of reader/commenters here who appear quite versed with MMT. Also, […]
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