On the Reason Why a Job Guarantee is Rejected in Favor of a Standalone Basic Income Guarantee

Today, I’m going to discuss what a currency peg is, which will prepare you to understand my discussion on the Job Guarantee, the reason why a standalone basic income guarantee is all the rage as “the” solution, and why the Job Guarantee is dismissed by politicians around the world. Much of what I discuss with[…]

The Job Guarantee – Understanding Fundamental Concepts

Many public discussions among progressives entirely miss the point of the JG. It’s normal, but at the same time, the lack of firm understanding is detrimental to the JG, and to progress. So, with that, let me try to clarify a few things. In the first instance, progressives inevitably discuss the consequences for skilled/educated workers.[…]

A Portrait of Failure: Gold, the Gold Standard and Bretton-Woods

Gold can be pretty to look at, but it can also be quite depressing. Economics joke. Oftentimes we hear people of a particular political and ideological persuasion insist that gold is “money”. Afterwards, they declare that we should all remain silent whilst they lecture us, drawing upon their vast storehouse of anti-knowledge, asserting that currency[…]

Brief Note: The private sector cannot solve unemployment

The private sector cannot solve unemployment, because it does not control the unemployment rate. The private sector uses the national government’s currency to affect production and the consumption of that production. Consumer demand comes first, placing pressure on business to increase its production of goods and services from the nation’s finite real resources. The by-product[…]