Instead of a guaranteed fixed income, a universal job guarantee policy provides jobs — and wages — to people who aren’t able to find work on their own.
Source: Why a universal job guarantee beats the basic income pipe dream
If I understand it, MMT = UBI + “universal jobs guarantee” + create money from nothing?
But creating money from nothing is a sure way to drive inflation through the roof? MMT sez: As long as there is enough jobs to absorb that “poofed into existence” money, no inflation results.. Article mentions public works as a good way to invest in the country with all this labour & money.
But of course, I are not an economist, so what do I know?
Note the excellent use of links to MMT and UBI posts!
