DTM eta Donald Trump

(i) Flavia Dantas eta Randall Wray

Lana:

FULL EMPLOYMENT: ARE WE THERE YET?1

… While we do need more aggregate demand, we will argue that this needs to take the form of targeted job creation as well as growth of wages at the bottom of the wage ladder. Our recommendation will follow Hyman Minsky’s “employer of last resort” proposal that he developed in the 1960s. This would bring workers back into the labor force without fueling the inflaion that would be generated by either the basic income guarantee or the old “Keynesian” reliance on “pump priming”—even in its modern Trumpian guise of incentivizing infrastructure investment. (…)”

Diapositibak:

FULL EMPLOYMENT: IS THIS AS GOOD AS IT GETS?2

(ii) Stephanie Kelton

Diapositibak:

Recession Looms: Can “Trumponomics” Extend the Recovery?3


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