What I Told My Friend About MMT
Speak in Other Terms to Decode the Conversation
Alanna,
I would challenge you to speak meaningfully without uttering the words MMT, use words like:
fiat
implicit taxation/stealth confiscation
NAIRU
Federal Jobs Guarantee
UBI
basic needs
basic services
basic income
Have you seen this?
The myth of the NAIRU means people on assistance don't feel their volunteer labor is valuable to society, a deeply discouraging message, speaking as a teacher -- only through full employment can everyone feel like a valued member of society [Therefore, guaranteed jobs are better than UBI -- also less cash incentive for MAID: https://adamgolding.substack.com/p/the-depopulation-agenda-may-exist ]
Assume the definitions required to make 'full employment' a sensible and realistic goal, in this way that resonates with the vernacular, NOT appealing to existing scholarly definition, and provide examples of X such that a Job Guarantee (Federal or otherwise) is not as good as X as a means of producing full employment, by this definition.
For instance, guaranteed funding for raising children would also provide a guaranteed job for willing couples: the jobs of motherhood and fatherhood.
BUT I have no argument to suggest that anything is better than a federal jobs guarantee to produce full meaningful employment, since parenthood is not for everyone...
https://www.youtube.com/playlist?list=PL_-Kd_WSmEAEMfqs5iNANRCTUDQ6ABiPZ
Yours Truly, An Analytic Philosopher,
Adam Golding
—
adamgolding.ca
https://x.com/Tori_TLCR/status/1826005401969766647
Thanks for the challenge, to "to speak meaningfully without uttering the words MMT" and to use other words instead. Those words are still within the MMT concept, things like Guaranteed Government Jobs, which is a program that doesn't work.
Unfortunately, I cannot accept that challenge at this time. My reputation has been slandered (by those purporting to believe in a false, disproven economic theory). I'm done trying to defend myself, though, with MMTers. Those people are free to believe in an illusion.
Instead, my next paper will attack the Green New Deal that Canada seems to think will solve problems in our economy. Sorry folks; it didn't work for FDR and it won't work for any politician in Canada. Back in the 30s the plan to combat the Great Depression didn't work; what worked, in the 40s, was going to war. I believe that we can get the same economic effect, using a UBI, that the US got in the 40's. Canada already proved that Basic Income (in the form of CERB payments) will stop a recession in its tracks.
So, keep your eyes out for my next bit of research. Providing real economic theory is what I do - debunking things like "trickle down theory" and "Federal Jobs Guarantee" is how I do it. Please look at my previous research paper, discussing Wealth Taxes.