Mitchell, William F.; Mosler, Warren B. - In: Australian Journal of Labour Economics (AJLE) 5 (2002) 2, pp. 243-259
Most OECD economies have suffered from persistently high unemployment since the mid-1970s as a result of demand deficiencies promoted by inappropriate fiscal and monetary policy. Governments have failed to understand the opportunities that they have as the issuer of the currency. In this paper,...