Here is Episode 7 in our weekly MMTed Q&A series. This is the third- and final part of my discussion on the Job Guarantee with Dr Pavlina Tcherneva and in this episode we discuss the applicability of Job Guarantee to nations that have both fiscal and external deficits and are exposed to international currency markets. While such a nation faces somewhat different pressures from their external sector, the point remains that if they have their own currency, they can always ensure that all the available productive resources at their disposal can be fully employed. The catch is that that level of activity may not deliver a high standard of material prosperity. We discuss examples such as Indonesia, Pakistan, South Africa and Argentina.
MMTed Q&A – Episode 7
This is Episode 7 in the MMTed Q&A series.
This week we continue my Zoom conversation with Dr Pavlina Tcherneva where we answered questions submitted by readers about the Job Guarantee.
Pavlina has just published a book – The Case for a Job Guarantee (published by Wiley) – which provides a really great entree into the world of the Job Guarantee.
In this episode we discuss the intrinsic importance of the Job Guarantee to MMT.
The video goes for 11:44 minutes.
Note the discussion is mostly via Zoom, which means at time the audio and video quality is less than first-class. But we are learning to live with that constraint.
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I decided to go laid back today
I dug out an old album that I have had since my teenage years – yes, old.
It was released on the 1969 album – Cal Tjader Sounds Out Burt Bacharach – on Skye Records and features the American vibes player – Cal Tjader – who I listened to a lot in the 1970s, especially his partnerships with guitarist – Charlie Byrd (for example, Tambu, released 1974) and Puerto Rican pianist – Eddie Palmieri (for example, El Sonido Nuevo, released 1966)
Some classic recordings among that lot and I accumulated them with some zeal.
He was a Cuban or Latin Jazz star but was not born into the music, which made him somewhat unique.
He actually started out playing Dixieland jazz.
He died very young of a heart attack and the world lost a great inspiration.
This Burt Bacharach track includes:
– Jim Keltner (drums)
– Mike Melvoin (piano and organ)
– James Helms (guitar)
– Harvey Newmark (bass)
A very hot lineup.
It is smooth but that is how I was sensing the day would best unfold today.
That is enough for today!
(c) Copyright 2020 William Mitchell. All Rights Reserved.