Job Guarantee and Economic Stability

This chapter explores the implications of government taxation on unemployment and introduces the concept of a job guarantee scheme rooted in Modern Monetary Theory (MMT) as a viable solution. The discussion emphasizes automatic stabilizers in fiscal policy, detailing how they can mitigate economic fluctuations and support those unemployed. The speakers engage with listeners on recent economic developments, arguing for a federally funded job guarantee as a fundamental measure to achieve both full employment and price stability.