Thread

Today we maintain price stability only for the privileged. Millions are forced into involuntary un(der)employment, so only THEY have to suffer its horrific consequences – including inflation. The MMT-job guarantee is a tool for maintaining price stability for ALL. https://twitter.com/wow_tintintin/status/1286553993490001920

Millions are forced into involuntary un(der)employment, so only THEY have to suffer its horrific consequences.

It is possible to stabilize prices for all. It is unambiguously cruel to stabilize prices only for some. From http://www.levyinstitute.org/pubs/wp_895.pdf 

The question therefore is not “should we constrain?” but “who should be constrained?”

So:

Do you want price stability for all, or only for some?
If the latter, then whom do you choose to suffer?
Who gets to make the decision? https://twitter.com/wow_tintintin/status/1286553993490001920

The JG constrains those who would choose to cause millions to suffer, so they can enjoy price stability all for themselves. https://twitter.com/wow_tintintin/status/1286553993490001920

As far as “MMT proponents” MMT’s biggest policy proposal is the job guarantee (also important but secondary is ZIRP). MMT does not exist without the JG and the JG does not exist without MMT.

/end https://mobile.twitter.com/MMTResources/status/1241180425961299968