Tag Archives: MMT

Covid-19, unemployment & a Government Job Guarantee

I’m not going to argue the merits or otherwise of the New Zealand Government’s decision to enforce a lock-down and close all non essential businesses. That decision has been made, and our best option as a nation now is to apply it as stringently as possible so that we get on top of the virus’s […]

A radical idea for low income housing in New Zealand

There has quite rightly been a storm of criticism of the Labour Government’s Kiwibuild initiative in the last couple of weeks. While it may be true that the policy was never intended for low income households, the PR promotion of a coupleĀ as early beneficiaries of the scheme, likely earning significantly above the median household income, […]

Modern Monetary Theory; Part Two Government Job Guarantee

A fundamental part of MMT is a Government Job Guarantee. Basically this is a commitment for the government to act as employer of last resort at minimum wage. Everybody who wants a job up to 40 hours a week can get one regardless of circumstances. It removes all involuntary unemployment and underemployment. If you have […]

Modern Monetary Theory; Overview Part 1

This is a multi part exposition of Modern Monetary Theory (MMT) & the closely associated topics of a Job Guarantee & deficit financing. It also along the way challenges the ideological political & economic project commonly referred to as neoliberalism. The topic may seem dry, esoteric or even boring, but its implications are profound, affecting […]