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Inflation is not what we should be worried about right now

30th May 202130th May 2021

“The purpose of government is to ensure that everyone has what they need to live a good life. That means giving every child the very best start in life, caring …

Inflation is not what we should be worried about right now Read More
Blogs / Reblog

Modern Money Consensus

29th May 2021

by Carlos García Hernández (originally published in Spanish in El Común)   I was prompted to write this article by yet another sad fatality, the death of British economist John …

Modern Money Consensus Read More
Blogs / MMT Lens

Poverty and homelessness are failures of government, not individuals

23rd May 202123rd May 2021

‘People who don’t understand the capacities of a currency-issuing govt telling us we have no choice but to accept deaths in the community for the sake of the economy. Tell …

Poverty and homelessness are failures of government, not individuals Read More
Blogs / MMT Lens

Dealing with crucial issues must triumph over the bogus ‘need’ to balance the books.

15th May 202115th May 2021

“Our posturings, our imagined self-importance, the delusion that we have some privileged position in the Universe, are challenged by this point of pale light. Our planet is a lonely speck …

Dealing with crucial issues must triumph over the bogus ‘need’ to balance the books. Read More
Blogs / MMT Lens

More than tinkering around the edges is needed to bring about a better world

9th May 20219th May 2021

“I suppose there hasn’t been a single month since the war, in any trade you care to name, in which there weren’t more men than jobs. It’s brought a peculiar, …

More than tinkering around the edges is needed to bring about a better world Read More
Blogs / Reblog

The Concept of an Optimal Currency Area, and why the EU has failed to create it.

8th May 2021

By Carlos García Hernández Article originally published in Spanish by El Común here. On the 4th of April Robert Mundell, the Canadian Nobel laureate in economics, died at the age …

The Concept of an Optimal Currency Area, and why the EU has failed to create it. Read More
Blogs / MMT Lens

Is the forecast growth in consumer spending actually good news?

2nd May 2021

You cannot carry out fundamental change without a certain amount of madness. In this case, it comes from nonconformity, the courage to turn your back on the old formulas, the …

Is the forecast growth in consumer spending actually good news? Read More
Blogs / MMT Lens

A just transition to a sustainable, fairer world. Not short-term fixes

25th April 202125th April 2021

‘The world was created with everything needed within it. Yet, mankind remains the biggest threat to its destruction.’ Oladosu Adenike – ecofeminist, climate justice activist and agricultural economist.   In …

A just transition to a sustainable, fairer world. Not short-term fixes Read More
Blogs / MMT Lens

Time to aim for better than “normal”

18th April 2021

‘We are not defenders of the river. We are the river.’ Fisherman, Magdalena River, Colombia From Less is More by Jason Hickel   Spring has arrived. After a long, arduous …

Time to aim for better than “normal” Read More
Blogs / MMT Lens

Have we had enough of market-led dogma yet?

28th March 202128th March 2021

“OK…SO WHERE DOES THE FUNDING COME FROM?” It depends on what we are talking about. If we are talking about universal health care, a Job Guarantee, infrastructure work, etc., the …

Have we had enough of market-led dogma yet? Read More

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Front cover of "Modern Monetary Theory - Key Insights, leading thinkers
Modern Monetary Theory: Key Insights, Leading Thinkers

Hardback ISBN:

978 1 80220 808 5

Ebook ISBN:

978 1 80220 809 2

More details via the Edward Elgar website.

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Patricia @patricianpino ·
2 Dec

A short🧵 on MMT & power: First and foremost MMT is a description & does not contain a prescribed pathway for working class liberation. That was not what MMT as a theory set out to do. However, even a description has political implications & here I set out a couple. >

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Steven Hail @stevenhailaus ·
2 Dec

This nonsense is a symptom of living within an essentially barter/full employment model, and having no understanding of monetary systems and balance sheet mechanics, let alone having a view of how people think which is in defiance of reality.

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Steven Hail @stevenhailaus ·
2 Dec

Oh, my God.

You are trying my patience beyond its limit

The institutional set-up in the UK clearly involves currency issuance

Read this, in the Journal of Economic Issues - The Self-Financing State: An Institutional Analysis of... the United Kingdom:

https://www.tandfonline.com/doi/pdf/10.1080/00213624.2025.2533726

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Warren B. Mosler @wbmosler ·
1 Dec

@WolfgangWa1642 @pontus_rendahl I 'invented'/developed what's popularized as MMT.
I'd never read Keynes (or any of the others). It all came from my capital markets experience.
Still does.
Keynes never recognized the source of the price level, or had the understanding that tax liabilities cause unemployment.

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Steven Hail @stevenhailaus ·
1 Dec

Incidentally, something similar happened a couple of years later, when I was preparing people for the Chartered Institute of Bankers qualifying exams. A banker said 'great course, but you know it doesn't work like that, don't you?'. Again, I later learned he (and MMT) was right.

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