![]() Its logic begs the question ‘if it is as comprehensible and as coherent as it appears, and if it implies solutions to dire social problems that public authorities claim they would fix if they could, why is it that economists in positions of authority remain so unconvinced of the efficacy of this analysis?’ There is a lingering suspicion that more competent authorities know some step in the argument that is being omitted by advocates of the Job Guarantee that makes nonsense of what they claim to be possible using the non-convertible fiat currency most modern sovereign states currently use.Īs a sociologist/political science post-grad working and studying at CofFEE since 2002, I’ve had the chance to regularly explore this issue with Bill, Randy Wray, Warren Mosler and others over the years, and I’ve always been met with what I can best describe as a professional academic position in which they seem most reluctant to offer more than the suggestion that the mainstream economists keep missing the point or ‘just don’t get it’. ![]() There is always a nagging doubt about the CofFEE/Modern Money arguments that debunk the supposed constraints governments say they have in relation to their spending which preclude, among other things, the use of public sector employment to eliminate unemployment. ![]() If CofFEE’s economics is right, why isn’t embraced by mainstream economists? So today’s guest blogger is Victor Quirk. So I thought I would introduce a Guest Blogger spot so that whenever someone I know, who doesn’t want to create their own infrastructure has something interesting to say, they will be able to say it. So if he can do it so can I except I don’t like pets. Yes Malcolm’s dogs blog keeps us up to date with all their goings on including watching the Tour de France. I was also motivated by the Temporary Leader of the Opposition who announced on his Twitter site yesterday that his dog, Mellie had just updated her Blog. Today, I am in Sydney giving a talk at the ACTU Jobs Summit and pretty short of time.
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