The Possibility of a Job Guarantee

• As currency issuer, monetarily sovereign government can purchase any unutilized human or natural resource

  • ... available for sale in its currency

• Monetarily sovereign government is monopoly issuer of that currency

  • Monopolies have price-setting power

  • So monetarily sovereign government can set the "price" of its currency

  • But what is the "price" of the unit of account?

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