Forty-five years ago, the A. Philip Randolph Institute issued The Freedom Budget, in which a program for economic transformation was proposed that included a job guarantee for everyone ready and willing to work, a guaranteed income for those unable to work or those who should not be working, and a living wage to lift the working poor out of poverty. Such policies were supported by a host of scholars, civic leaders, and institutions, including the Rev. Dr. Martin Luther King Jr.; indeed, they provided the cornerstones for King's Poor Peoples' Campaign and economic bill of rights. This paper proposes a New Freedom Budget for full employment based on the principles of functional finance. To counter a major obstacle to such a policy program, the paper includes a primer on three paradigms for understanding government budget deficits and the national debt: the deficit hawk, deficit dove, and functional finance perspectives. Finally, some of the benefits of the job guarantee are outlined, including the ways in which the program may serve as a vehicle for a variety of social policies.
展开▼
机译：四十五年前，菲利普·伦道夫研究所（A. Philip Randolph Institute）发布了《自由预算》，其中提出了一项经济转型计划，其中包括为每个愿意和愿意工作的人提供工作保障，为那些无法工作或有工作的人提供保证的收入。不应该工作，要靠生活工资使工作中的穷人摆脱贫困。这些政策得到了许多学者，公民领袖和机构的支持，包括马丁·路德·金博士的牧师；实际上，它们为国王的穷人运动和经济权利法案提供了基石。本文根据功能性融资的原则，提出了一份充分就业的新自由预算。为了克服此类政策计划的主要障碍，本文包括了对理解政府预算赤字和国债的三种范式的入门：赤字鹰派，赤字鸽派和功能性金融观点。最后，概述了工作保障的一些好处，包括该计划可以用作各种社会政策手段的方式。
展开▼
