 The JG proposal was conceived independently by Bill Mitchell (1998), and Warren Mosler (1997–98).It has since been developed further by authors, including L. Randall Wray (1998), and a comprehensive treatment of it appears in Mitchell and Muysken (2008).The JG is based on a buffer stock principle whereby the public sector offers a fixed wage job to anyone willing and able to work thereby establishing and maintaining a buffer stock of employed workers.