THE MOSLER FOR PRESIDENT CAMPAIGN HAS BEEN TERMINATED EFFECTIVE MARCH 31, 2010.

Warren Mosler has been asked to run for the US Senate in Ct. to promote his agenda as seen on this website, and has now moved to Guilford, Ct. where he has begun his campaign to be nominated as a candidate in the Democratic primary on 8/10/10 at the Democratic State Convention.

“Thank you for all your support for my Presidential campaign. The effort is being accelerated with my campaign for the US Senate from Ct. where I hope to get a national audience for my proposals, and where I would be honored by your continued support.”

Warren Mosler 3/21/10
www.moslerforsenate.com

“For the great enemy of truth is very often not the lie–deliberate, contrived and dishonest–but the myth–persistent, persuasive, and unrealistic. Too often we hold fast to the cliches of our forebears. We subject all facts to a prefabricated set of interpretations. We enjoy the comfort of opinion without the discomfort of thought. Mythology distracts us everywhere–in government as in business, in politics as in economics, in foreign affairs as in domestic affairs. But today I want to particularly consider the myth and reality in our national economy…..”

From Professor Randall Wray-

There are some recent real world examples of programs that are similar to the employer of last resort, as proposed by Warren Mosler in ‘Full Employment and Price Stability, published in the Post Keynesian Journal of Economics in 1996, or what is also called the job guarantee.

When Argentina faced a severe financial, economic, and social crisis early this decade, it quickly created the “Jefes y Jefas” program in which the federal government provided funding for labor and a portion of materials costs for highly decentralized projects, most of which created community service jobs. The program was targeted to heads of households of poor families with children, allowing each to choose one parent to participate in paid work. The program was up-and-running in a matter of four months, creating jobs for 14% of the labor force-a remarkable achievement. It helped to stabilize the economy and to pull it out of crisis. More recently, India has enacted the National Rural Employment Guarantee, which ensures 100 days of paid work to rural adults. While the program is limited, it does make an advance over the Jefes program: access to a job becomes a recognized human right, with the government held responsible for ensuring that right. While this program is relatively young, it has already proven that useful jobs can be created, providing a livelihood for program participants.

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[1] For a detailed exposition, see Gender and the job guarantee: The impact of Argentina’s Jefes program on female heads of households, Pavlina Tcherneva and L. Randall Wray, CFEPS Working Paper No. 50, 2005 .

Dimitri B. Papadimitriou James K. Galbraith, Warren Mosler, Robert W. Parenteau, and L. Randall Wray