February 2012 – Feasta

Would you rather tax gardens or jobs?

"The Minister should say: 'We can either introduce this property tax, or else we will need to raise the lower rate of income tax from 20% to 25%. Both harm disposable incomes but only one harms the creation of jobs. Which one do you want?'"

Lyttleton: a Case Study

Major earthquakes are proving to be a catalyst for the Lyttelton community, near Christchurch in New Zealand, to create a sustainable future. Margaret Jeffries writes in Fleeing Vesuvius that "Rather than waiting on the sidelines for a Government agency to hand out solutions, Lyttelton is seeking out what its own localised answers might be."

Randall Wray : Preface to discussion on the Job Guarantee

The Austrians Randall is talking about are not to be found on skiing trips in the Alps. We don’t have many of them in Ireland. But this is also a good intro to Randall’s next series of discussions on the Job Guarantee. MMP Blog 38: MMT for Austrians by umkc.economists@gmail.com By L. Randall Wray ….Anyone [...]

Marshall Auerback “Trouble in Euro Zone Paradise”

Marshall Auerback is not so sure that the wall of money needed to cauterise any Greek default is so readily forthcoming as some suppose. Trouble in Euro Zone Paradise? by umkc.economists@gmail.com By Marshall Auerback The Europeans evidently thrive on instability and the ongoing threat of systemic risk. There is nothing else to explain the renewed [...]

Chris Cook Looks Beyond MMT

The following is a guest post from Chris Cook, a senior research fellow at the Institute for Security and Resilience Studies at University College London. His work is focused on a new generation of networked markets – which will, in Chris’s view, necessarily be dis-intermediated, open, decentralised and, therefore, resilient.

Why the Job Guarantee Works Best

Good, if a bit long and technical article by Pavlina R. Tcherneva in Naked Capitalism. Here is a snippet…

In my research funded by the Institute for New Economic Thinking, I have argued that part of the JG needs to be done on the basis of a grants-based approach (especially in normal times, during normal business fluctuations), where the communities, nonprofits, and the unemployed themselves can participate in designing, proposing and executing the projects that would be performed in these communities. This is a model fully consistent with the entrepreneurial American spirit.

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