Budget 2021 Archives - The Gower Initiative for Modern Money Studies

“Do we want to be a society that is supportive, that is inclusive and compassionate, where it is acknowledged that not all can prosper, where those who are most vulnerable, …

Blogs / MMT Lens

The Budget should be about building a just society, not balancing the books.

28th February 202128th February 2021

Too large a proportion of recent “mathematical” economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities …

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Stuart Medina Miltim @smiltim ·

31 Oct

What's insane is to have an accounting balance as a target.

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Stephanie Kelton @stephaniekelton ·

31 Oct

The gilt market exists to give 🇬🇧 government influence over the term structure of interest rates. How much influence they choose to exert is ultimately a policy choice. Gilt-free spending is another option, if you’re prepared to eliminate the income subsidy by not issuing bonds.

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Sheridan Kates 🕊️ @sheridanvk ·

31 Oct

Honestly wild to see so much obsession over the gilt yields. We must stop pretending that the government is borrowing money when it spends, and that the Bank of England can't just step in and hold this rate to whatever it wants. Otherwise we will get nothing done in our economy.

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Prem Sikka @premnsikka ·

30 Oct

S&P downgrades Thames Water debt into ‘junk’.

Major shareholders have written off investment.

Credit rating is junk.

Water companies want price hikes of up to 84% to rescue them.

No bill rises, no bailout, let them crash. Nationalise at low cost.

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Tony Weston @tonywestonuk ·

29 Oct

Aaron is part of the problem.

The idea that the government has no money, and no power, has allowed this to happen. A worked example.

Road is covered in potholes.
People are unemployed.
There are materials to fix the road.

BUT, there is no money to fund it.

Why? ..\

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Tag: Budget 2021

If there is one thing the last year has taught us it is that the Government is never short of money

The Budget should be about building a just society, not balancing the books.