@ratedisparity.bsky.social
Reposted
The Job Guarantee measures the bid for currency at minimum wage, and thus cannot accelerate the price level upward.
April 5, 2025 at 2:15 AM
The Job Guarantee measures the bid for currency at minimum wage, and thus cannot accelerate the price level upward.
There are a lot of critiques of supply and demand, but none of these really are as compelling as learning linear programming in depth.
What linear programming teaches is how to think rigorously about the tradeoffs between costs and boundaries or limitations, convex optimization is great too!
What linear programming teaches is how to think rigorously about the tradeoffs between costs and boundaries or limitations, convex optimization is great too!
April 22, 2025 at 2:48 AM
There are a lot of critiques of supply and demand, but none of these really are as compelling as learning linear programming in depth.
What linear programming teaches is how to think rigorously about the tradeoffs between costs and boundaries or limitations, convex optimization is great too!
What linear programming teaches is how to think rigorously about the tradeoffs between costs and boundaries or limitations, convex optimization is great too!
That's a legitimate critique. You may be 100% right. But let me make the case that hiring JG workers increases the scrutiny these orgs would get, and it means the workers have greater choice in what orgs are actually benefiting the community.
Non-profits court wealthy donors which is bad.
Non-profits court wealthy donors which is bad.
April 5, 2025 at 1:02 PM
That's a legitimate critique. You may be 100% right. But let me make the case that hiring JG workers increases the scrutiny these orgs would get, and it means the workers have greater choice in what orgs are actually benefiting the community.
Non-profits court wealthy donors which is bad.
Non-profits court wealthy donors which is bad.
Mosler suggests to employ JG workers at qualifying non-profits. the impact of JG highly depends on the initial wage level you set. If you set JG wage at $200/hr, you would get inflation really bad. if you set it at $2/hr, you are effectively lowering minwage.
it gives a true measure of unemployment
it gives a true measure of unemployment
April 5, 2025 at 2:25 AM
Mosler suggests to employ JG workers at qualifying non-profits. the impact of JG highly depends on the initial wage level you set. If you set JG wage at $200/hr, you would get inflation really bad. if you set it at $2/hr, you are effectively lowering minwage.
it gives a true measure of unemployment
it gives a true measure of unemployment
The Job Guarantee measures the bid for currency at minimum wage, and thus cannot accelerate the price level upward.
April 5, 2025 at 2:15 AM
The Job Guarantee measures the bid for currency at minimum wage, and thus cannot accelerate the price level upward.
A higher rate of interest is the currency issuer selling tomorrow's currency at a greater discount today, and thus corresponds with an upward price path, diluting currency similar to a stock split.
April 5, 2025 at 1:51 AM
A higher rate of interest is the currency issuer selling tomorrow's currency at a greater discount today, and thus corresponds with an upward price path, diluting currency similar to a stock split.
Interest based lending, is only necessary at all for operating payment systems, because collateral assets are difficult to price and/or costly to transfer.
April 5, 2025 at 1:28 AM
Interest based lending, is only necessary at all for operating payment systems, because collateral assets are difficult to price and/or costly to transfer.