Modern Money Theory makes the big time

In Huffingtonpost: Stephanie Kelton Has The Biggest Idea In Washington. Once an outsider, her radical economic thinking won over Wall Street. Now she’s changing the Democratic Party.

 This is one of several recent articles about the job guarantee.

In the U.S. it's traditional to prop up agricultural prices with government buying commodities like soybeans or cheese. Lately, we've even propped up Wall Street with Quantitative Easing. Now the proposal is to buy surplus labor...about time, too.

There's no shortage of work to be done--everything from fixing the infrastructure to caring for our children and elderly--it's just not always as profitable as the financial sector would like.

But in market capitalism, all of humanity devolves to marketable labor, while all of nature devolves to marketable land. All human interaction is really just a financial transaction, and profit justifies any behavior, no matter how bad. How else can one explain the misbehavior of pharmaceutical companies, or GM with its 97¢ cheaper ignition part that killed people. But hey! It was profitable.