By Randall Rray
Yesterday I participated in a press conference and gave the first of a series of lectures in Madrid on MMT and the Job Guarantee. At the press conference, Alberto Garzón announced his party’s plan to create a million jobs in a targeted JG:
Alberto and his brother, Eduardo, are well-versed in MMT. He emphasized that the barrier to full employment is not technical but political. If the political will exists, full employment can be achieved and sustained. MMT shows the way to understanding the policy options that are available to sovereign government.
The newspaper article summarized some of the points I made, arguing that we should no longer see the finances of a government as similar to those of a household…
…..Many other links to yesterday’s events are here: https://www.google.es/?gfe_rd=cr&ei=bjL4VIO0CaSp8wePg4GoDw&gws_rd=ssl#q=teoria+monetaria+moderna+garz%C3%B3n
A universal and permanent Job Gurantee will make full employment a reality.