On Nov 6, California voters put a stake through the heart of the Republican Party. Really! Not to take away from the landmark victories in the rest of the country, which are momentous and deserve every bit of attention they're getting, but, in the words of Robert Cruikshank at Calitics:
...the California Republican Party, and the California conservative movement, are as dead as Monty Python's parrot.
The Mars rover Curiosity landed safely on Mars early this morning. The rover weighs over one ton and is larger than a full-size American automobile (notice the two people standing at the left side of the photo, below). Congratulations are due to the people at NASA, JPL, and elsewhere who conceived, designed and executed this impressive mission. Read below the fold...
Friday’s New York Times has a substantial story on the Green Party’s presidential candidate Dr. Jill Stein. FINALLY corporate mainstream media is giving some serious print attention if not air time to the Green Party candidate for President of the United States as a viable alternative. Read below the fold...
On Monday, an hour after Occupy D.C. organized a noisy rally on Jones’s behalf in front of Freddie Mac’s offices on Seventh Street NW, a spokesman for the government-backed mortgage giant said the company was working toward a “positive resolution” that would allow her to keep her home. Brad German, a spokesman for Freddie Mac, said that the company decided to work with Jones because of the merits of her case and that the rally had little effect on the decision.
Buoyed by overwhelming support from the community of Middle Tennessee and around the world, Occupy Nashville has saved grandmother Helen Bailey’s home from foreclosure.
In the first four parts of this series, I analyzed views on the Job Guarantee (JG) idea offered by Cullen Roche and Peter Cooper in conjunction with a post by John Carney, which kicked off an explosion of blogosphere posts and commentaries on the JG. In Part Three I began an analysis of John Carney's views by taking exception to his claims that the JG would be inflationary, a bureaucratic nightmare, and would cause economic stagnations. In Part Four, I critiqued his views on the problem of a mismatch between demand and the skills needed to fulfill it, the possible inflationary impact of this mismatch, and also his claims on the JG and stagnation.
In this post, I continue analyzing John's further take on the JG in in his 'The Trouble with a Job Guarantee. His reasoning in this post, focuses on the problem of a mismatch between demand and the skills needed to fulfill it, the possible inflationary impact of this mismatch, and also amplifies his claims on the JG and stagnation. My interleaved replies from an MMT perspective to his assertions and arguments are provided in this and an upcoming post, as well as in Part Four. All my replies assume that the JG would not be “paid for,” but would occur through deficit spending. Read below the fold...
