The Economy During Wartime by J.W. Mason

The Economy During Wartime by J.W. Mason

Mason, Hanauer & Levison. what to do and macro lessons

Democrats Must Reclaim the Center … by Moving Hard Left by Nick Hanauer

What Democrats Still Don’t Get About Winning Back the White Working Class by Andrew Levison

Macroeconomic Lessons from the Past Decade by J.W. Mason

Economics

One of the biggest falsehoods that the economics profession foists upon us is how supply meets demand or Say's Law which Keynes went after. You can have long periods of insufficient aggregate demand or high unemployment.

The government sets the amount of demand via interest rates and the cost of credit. If it's too high, people won't borrow and invest and demand won't be enough.

But if the government does this for too long you'll get deflation. The question is why don't we get deflation sooner.

Instead of deflation advanced economies seem to get stuck in a Japanese rut where they can't make inflation, especially when they don't try very hard.

If the government provides enough stimulus or adjusts rates so there's enough aggregate demand, then labor markets will tighten and workers will see wage increases.

Today though we have oligopolies and monopsony and a taboo about raising wages despite low unemployment.

Take the Skinheads Bowling - Camper Van Beethoven

Punk Rock Girl - The Dead Milkmen

Tom Petty - Refugee - Sharp Objects

Nordic socialism

Are State Officials in Nordic Countries Unaccountable? by Matt Bruenig

Nordic State Ownership of Enterprise Is a Real Thing by Matt Bruenig

What’s So Special About Finland? The American Dream is alive and well—in Northern Europe. by Uri Friedman

JG-UBI

need to separate out JG and SWF/UBI

A “SOCIAL WEALTH FUND” COULD BE THE NEXT BIG IDEA by Rachel M. Cohen

Stockton’s Awesome Public Experiment by Jeff Spross

Why reform conservatives should embrace a universal basic income by Jeff Spross

'I feel very betrayed': Basic-income recipients react to one of the world's largest experiments suddenly being canceled (BusinessInsider)
Could a Universal Basic Income Become a Political Reality? by Clio Chang

Why the world should adopt a basic income by Guy Standing

Labour set to include pilot of radical basic income policy in next manifesto, John McDonnell says

What if you could sue the government for a job? by Jeff Spross

Universal basic income vs jobs guarantees: which one will make us happier? by Cory Doctorow

Should Democrats play it safe with a job guarantee? by Jeff Spross

Reorienting Fiscal Policy: A Critical Assessment of Fiscal Fine-Tuning by Tcherneva

Universal Basic Income Is Not the Solution to Poverty by Felix Salmon

What if the Government Gave Everyone a Paycheck? by Robert Reich

Here’s the one book every millennial and Gen Z new graduate should read (and it’s not Dr. Seuss) by Erin Kaine (on David Graeber)

"My forthcoming book will be called "The Case For People's QE" and will be published by Polity, probably in Spring 2019." - Frances Coppola

Who Really Stands to Win from Universal Basic Income? By Nathan Heller

Do We Need a Universal Basic Income? A Debate. BY MATT BRUENIG REBUTTAL BY ROHAN GREY & RAÚL CARRILLO

Do We Need a Federal Jobs Guarantee? A Debate. BY ROHAN GREY & RAÚL CARRILLO REBUTTAL BY MATT BRUENIG

Yes, a Jobs Guarantee Could Create “Boondoggles.” It Also Might Save the Planet. by Kate Aronoff

10 Principles for a Federal Job Guarantee By Angela Glover Blackwell, Sarah Treuhaft, Darrick Hamilton, and William Darity, Jr.

excellent podcast on JG-UBI by Current Affairs

Robert Reich video on JG

Democrats’ Next Big Thing: Government-Guaranteed Jobs by Jim Tankersley

Three Ways to Design a Democratic Job Guarantee by Alexander Kolokotronis

Stephanie Kelton Has The Biggest Idea In Washington by Zach Carter

PUBLIC SERVICE: EMPLOYMENT:A PATH TO FULLEMPLOYMENT by L. Randall Wray, Flavia Dantas, Scott Fullwiler, Pavlina R. Tcherneva, and Stephanie A. Kelton  (April 2018)

The Job Guarantee:Design, Jobs, and Implementation by Tcherneva (April 2018)

Why We Need a Federal Job Guarantee by Mark Paul, William Darity Jr and Darrick Hamilton

BASIC INCOME, NOT BASIC JOBS: AGAINST HIJACKING UTOPIA by Scott Anderson

The Job Guarantee Controversy by Timothy Taylor

Baby bonds

JOB GUARANTEE: MARXIST OR KEYNESIAN? by Chris Dillow

Some thoughts about the Job Guarantee by Simon Wren-Lewis (2017)

The Long, Tortured History of the Job Guarantee By PETER-CHRISTIAN AIGNER and MICHAEL BRENES

Hyman Minsky’s Views on the “Welfare Mess” by Matt Bruenig

Workfare Means New Mass Peonage by Frances Fox Piven and Barbara Ehrenreich (1987)

The Job Guarantee Is Not a Human Capital Program by Max Sawicky

Posts in Three Lines (see comments too) by J.W. Mason

My impression of job guarantee advocates, which I am afraid you are not doing much to dispel, is that they are not willing to admit that their preferred approach ahas any drawbacks, or that any alternatives have any merits.

A Promise So Big, Democrats Aren’t Sure How to Keep It: Progressives are lining up behind a jobs guarantee—but leaving the details for later. by Anne Lowrey

Everyone Can Have Their Own Job Guarantee by Matt Bruenig

Bernie Gets Socialistic by Max Sawicky

The Job Guarantee and the Wilted Liberal Imagination by Jack Meserve

Job Guarantees, Collective Bargaining and the Right to Strike by Sandwichman

Smile by Steve Randy Waldman

A Plan To Win The Socialism Sweden Nearly Achieved by Peter Gowan

We Work by James K. Galbraith

Dems’ Job Guarantee Isn’t Nearly as Easy as It Sounds by Dean Baker

Larry Mishel disputes costs. 

Commenter says will get rid of welfare costs

How the Democrats' big jobs idea could upend the Fed by Jeff Spross

Only 1 in 3 Americans Work Full Time by Matt Bruenig

The whole world was watching – we could have done something special': What Finnish experts say about the country's controversial basic-income experiment by Karin Olli-Nilsson

How much would a job guarantee actually cost? by Jeff Spross

WHETHER AMERICA CAN AFFORD A JOB GUARANTEE PROGRAM IS NOT UP FOR DEBATE by David Dayen

basic income and public job offer: complimentary policies by Fitzroy and Jin

Debate: Is This the Time for a Federal Jobs Program? by Conor Sen and Noah Smith

Need Work? Maybe That's a Job for Government by Noah Smith

The Case for a Federal Jobs Guarantee by Erik Loomis

also see

Economists Don't Say That Automation Will Drive Unemployment Higher by Dean Baker

Two Big Questions About the Job Guarantee: God, Devil, and the Details by Steve Roth

To fix the economy, let's print money and mail it to everyone by Dylan Matthews

4 big questions about job guarantees by Dylan Matthews

Why politicians should promise every American a job by Matt Yglesias

World Bank on Jefes de Hogar (Heads of Household)

FREE MONEY: THE SURPRISING EFFECTS OF A BASIC INCOME SUPPLIED BY GOVERNMENT (Wired, 2017)

The political economy of a universal basic income. by Steve Randy Waldman (2014)

A Universal Basic Income and Work Incentives. Part 1: Theory by Ed Dolan

Strengthening Unemployment Protections in America (Center for American Progress)

Guest Post: Max Sawicky on the Liberal Case Against a Universal Basic Income by Max Sawicky

Basic Income: And How We Can Make It Happen, by Guy Standing

The jobs guarantee and human-capital “nationalisation” by Alexandra Scaggs

Finland’s Basic Income Test Wasn’t Ambitious Enough By Leonid Bershidsky

GMI + JG = paid work as a choice for all by John Quiggin

The Call for Jobs for All by Matthew Klein

How do our job creation recommendations stack up against a job guarantee? by Josh Bivens

Why the Cause of Full Employment Is Back from the Dead by Harold Meyerson

Bernie Sanders to unveil plan to guarantee every American a job by Jeff Stein

Cory Booker’s new big idea: guaranteeing jobs for everyone who wants one by Dylan Matthews

Historicizing GovernmentWork Programs: A Spectrumfrom Workfare to Fair Work by Nancy E. Rose (2000)

Why Democrats Should Embrace a Federal Jobs Guarantee by Sean McElwee

A GUARANTEED “JOBS FOR ALL” PROGRAM IS GAINING TRACTION AMONG 2020 DEMOCRATIC HOPEFULS by Kate Aronoff

Need a Job? Just Call Bernie. by Kevin Drum

Yes, The Jobs Guarantee Is Absurd by Adam Ozimek

Democrats Are Rushing Into a Job Guarantee. It Could Be a Huge Mistake. by Jonahthan Chait

Prior Models for Workable Workfare Work by Matt Bruenig

Why is MMT so popular? by Simon Wren-Lewis

A Response to Tom Palley by J.W. Mason

Modern Money Theory (MMT) vs. Structural Keynesianism by Thomas Palley

2016

Erik Loomis, Adam Serwer. There's starting to punch Left, attacking Chapo Trap House and Tom Frank as sexist and racist.

What prompted this?

Gil Scott-Heron's America in Winter

saw him on a "Night Flight" rerun showed on IFC. He was also mentioned on Henwood's podcast interview with Alex Gourevitch. Never heard of him before.

serendipity and kizmet?

Khanna's job bill

REP. RO KHANNA TO INTRODUCE COMPROMISE “JOBS FOR ALL” BILL by Kate Aronoff

Ro Khanna Has an Ambitious Plan to Put the Unemployed to Work. Just Don’t Call It a Job Guarantee. By JORDAN WEISSMANN

Obama's 2011 job bills "American Jobs Act"

Joy Behar, hero

conservative media has been better on the rise of socialism than liberal MSNBC and CNN

only Fox has the video of Joy Behar vs Megan McCain

then Stephen Colbert last night said "God is socialist" after taking about the Fox news person who want to a Sander/Ocasio-Cortez rally in Kansas. The woman almost had a breakthrough about how enticing the socialist message was.

Obama's Mandela speech

Transcript: Obama's Speech At The 2018 Nelson Mandela Annual Lecture

I disagree with Zach Beauchamp

Chicago, Obama and universal basic income

Obama signals support for a universal basic income

CHICAGO MAY BECOME LARGEST CITY IN U.S. TO TRY UNIVERSAL BASIC INCOME by Zaid Jilani

Chicago Could Soon Become the Largest American City to Give Universal Basic Income a Try  By NATASHA BACH

Angry Bear and Fair vote don't see Blue Wave

86% of the 2018 Congressional Election Already Determined

Renationalize Ally Financial by Matt Bruenig

Create a Public Bank by Renationalizing Ally Financial by Matt Bruenig

JW Mason on MMT

A Response to Tom Palley by JW Mason

socialist economy and a JG

A JG could be a small part of a successful socialist state.

Say a socialist movement was successful 20 years from now and somehow had a program which agreed with what I think would be successful.

Run the economy hot via monetary policy and Kalecki-Lerner-Vickrey fiscal macro. Wages are negotiated by sectors and unions are strong with strong labor protections.

A sovereign wealth fund would be heavily invested in the economy and provide a social dividend/UBI to everyone regardless of income.

Free healthcare, free housing, mass transit and large investment program in infrastructure and green conversion.

There would still be the hard cases who could apply to a JG where they could get trained and work on projects for their community as they wait for employers to hire them.

There would be a demand for workers given that the economy was run hot with the emphasis on full employment.

Bruenig's podcast and social mobility

Listened to the powercouple Elizabeth and Matt Bruenig's podcast on social mobility, and they made a good point about social mobility being alienating as the successful family member becomes alien to the ones she left behind.

I wonder if this is a dynamic with the red/blue divide in America, with upwardly mobile people becoming meritocratic Democrats and alienating themselves from their more red-state lower income families. Obviously many upwardly mobile low-income Republicans stay conservative even as they become successful. Maybe culturally they stay more attuned to lower-class uneducated red-staters.

The more educated upwardly mobile become liberal while the less educated or more mercenary, less empathetic upwardly mobile remain conservative.

The Socialist Network

The Socialist Network by Gilad Edelman