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Tag: Bank of England

Blogs / Reblog

Submission to the “Sustainability of the UK’s national debt” Inquiry

15th September 2024

GOWER INITIATIVE FOR MODERN MONEY STUDIES – WRITTEN EVIDENCE SND0019 – SUSTAINABILITY OF THE UK’S NATIONAL DEBT INQUIRY   Introduction 1.1    The national debt has been a recurring topic …

Submission to the “Sustainability of the UK’s national debt” Inquiry Read More
Blogs / Reblog

An Accounting Model of the UK Exchequer (the paper, and author interviews)

25th January 202225th January 2022

  This post documents a 2020 paper (updated in 2021) called An Accounting Model of the UK Exchequer, and my seven-part series of interviews with all three co-authors: Richard Tye, …

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Academic Paper / MMT Long Read / Working Papers

An Accounting Model of the UK Exchequer – 2nd edition

21st February 202121st February 2021

Andrew Berkeley Richard Tye Neil Wilson First published 26th December 2020. This version published 21st February 2021   An Accounting Model of the UK Exchequer 2nd edition   In this …

An Accounting Model of the UK Exchequer – 2nd edition Read More
Blogs / MMT Lens

Will rising interest rates in the future bankrupt the UK government?

12th December 202014th December 2020

For this week’s MMT Lens, GIMMS is pleased to publish a guest article by Berlin-based economist Dirk Ehnts, author of “Modern Monetary Theory and European Macroeconomics“   The Office for …

Will rising interest rates in the future bankrupt the UK government? Read More
Blogs / Reblog

On National Government Spending, Taxation, and Bank Lending in the United Kingdom

10th February 201910th February 2019

Ellis Winningham is a retired US based economist, Modern Monetary Theory advocate and campaigner who works with relentless passion through his website blogs and social media work to inform and …

On National Government Spending, Taxation, and Bank Lending in the United Kingdom Read More

Gilts and Bonds

An internet search will tell you that Bonds are savings products issued by companies and governments to raise money to fund their investments. For private entities or ‘currency-users’, this is …

Gilts and Bonds 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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The Gower Intitiative for Modern Money Studies newsletter – January 2025

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25th January 20245th March 2024

Modern Monetary Theory: Key Insights, Leading Thinkers

21st January 202321st January 2023

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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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