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MMT Scotland – Modern Monetary Theory and the Economics of an Independent Scotland

Name: MMT Scotland – Modern Monetary Theory and the Economics of an Independent Scotland
Start: 2019-05-09T20:00:00+01:00
End: 2019-05-09T22:30:00+01:00
Location: The Mitchell Library

9th May 2019 @ 8:00 pm - 10:30 pm

£13.69

Details

Date: 9th May 2019
Time:
8:00 pm - 10:30 pm
Cost: £13.69
Website: https://www.eventbrite.com/e/modern-monetary-theory-an-independent-currency-with-a-job-guarantee-tickets-58426135143

Organiser

MMT Scotland
View Organiser Website

Venue

The Mitchell Library
North St
Glasgow, G3 7DN United Kingdom + Google Map

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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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