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JG and ELR are the same

Bill Mitchell 4, Director, CofFEE, Professor, “Shame on the those who have abandoned full employment,” CofFEE, 8/12/4, https://citeseerx.ist.psu.edu/document?repid=rep1&type=pdf&doi=9b89cf35d58751cf4907ee1b36f530b9af48c896

So where does the Job Guarantee fit into this environment? Instead of mandating a buffer stock of unemployment to stabilise prices (as in current policy), governments can both more effectively anchor prices and maintain full employment with an open-ended, fixed wage buffer stock of employed workers. I use the term Job Guarantee whereas my regular co-authors, Americans Randy Wray and Warren Mosler use the term ‘employer of last resort’ in the same context.

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