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Comments on: What about offering every Australian a government funded job?
https://www.fairgoforpensioners.com/2018/11/23/nation-can-afford-to-employ-eveeryone/
Fair Go For Pensioners (FGFP) Coalition Victoria IncorporatedFri, 23 Nov 2018 20:46:03 +0000
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By: PK1965
https://www.fairgoforpensioners.com/2018/11/23/nation-can-afford-to-employ-eveeryone/#comment-15
Fri, 23 Nov 2018 20:46:03 +0000http://www.fairgoforpensioners.com/?p=1169#comment-15Modern Monetary Theroy is not new as per Harvard University “The reality is that MMT just describes the system that most countries in the world live under and have lived under since 1971, when the US president at the time, Richard Nixon, suspended the convertibility of the US dollar into gold. At that point, the system of fixed exchange rates—in which all countries agreed to fix their currencies against the US dollar, which was in turn benchmarked in price against gold—was abandoned. So since that day, most of us have been living in what we call a fiat currency system.”
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