Some intervention storage is still being conducted in the EU, although not to the scale of the 1980s. Labor buffer stock Some economists, particularly of the Modern Monetary Theory school, favor creating a buffer stock of unskilled labor in the form of a government-funded job guarantee. Any individual who was ready, willing, and able to work would be employed at a set nominal wage. By employing and stabilizing the price of unskilled labor, a job guarantee is claimed to impart price stability to the economy as a whole, bring the unemployment rate to zero permanently, and create an effective minimum wage. References Business cycle European Union and agriculture Commodity markets