#94 Olafur Margeirsson: A Job Guarantee For Iceland

Patricia and Christian talk with economist, writer, real estate market strategist and alternate member of the Supervisory Board of the Central Bank of Iceland Olaf Margeirsson about the economy of Iceland and his Job Guarantee proposal.

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A quick read describing MMT: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095

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Our episode 20 with Warren Mosler on the UMKC Buckaroo (starting at 13:48): https://www.patreon.com/posts/28004824

 

Our episode 43 with Sam Levey on endogenous money: https://www.patreon.com/posts/35073683

Olaf’s writing:

The State Can Afford This - But Should It?: https://sibs.is/fraedsla/greinar/rikid-hefur-efni-a-thessu-en-a-ad-gera-thad/

Iceland: We Need to Talk about Unemployment – and a Job Guarantee: http://www.global-isp.org/wp-content/uploads/PN-122.pdf

Olaf’s blog: https://icelandicecon.blogspot.com/

IS-LM: an explanation by John Hicks: attached

 

Maastricht And All That by Wynne Godley: https://gimms.org.uk/2020/07/19/maastricht-and-all-that/

 

Can Taxes and Bonds Finance Government Spending? by Stephanie Kelton: http://www.levyinstitute.org/pubs/wp244.pdf

 

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Transcript for opening monologue: https://www.patreon.com/posts/49267705

 

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Show notes: https://www.patreon.com/posts/49267564