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Tag: debt

Blogs / MMT Lens

Is the public purse empty?

6th September 2020

The government wants you to believe that the public purse is empty and needs replenishing to set the finances straight. It’s not and it doesn’t. Time to challenge the lie …

Is the public purse empty? Read More
Blogs / MMT Lens

While a governmental blame game distracts the public, what democracy we had is being further hollowed out.

30th August 202030th August 2020

Before it’s too late let’s not let the window of opportunity pass us by. The government is us, or it could be. As many of us sit in our living …

While a governmental blame game distracts the public, what democracy we had is being further hollowed out. Read More
Blogs / MMT Lens

Let’s not let the debt doomsters rule the roost!

23rd August 2020

Doing so will come at a huge human and planetary cost. In this week’s news the train crash economics of neoliberalism continues to thunder on. The government, still ensconced in …

Let’s not let the debt doomsters rule the roost! Read More
Blogs / Reblog

We pay for it by spending the money

22nd August 202026th November 2022

We would like to share an article by GIMMS associate Alan Hutchison.  This article was posted on his excellent website Matches in the Dark here. I use this as supporting …

We pay for it by spending the money Read More
Blogs / MMT Lens

We ignore the fate of our young people at our peril.

15th August 202015th August 2020

If we value a better future for all, the secret will lie in asking them what sort of world they want to live in and using their talents to create …

We ignore the fate of our young people at our peril. Read More
Academic Paper / Blogs / MMT Long Read

Time For Informed Change. Post Covid-19 Economics

13th August 202013th August 2020

Philip Armstrong Nick Potts Solent University, Southampton, UK   Published online 13th August 2020   Full article   Abstract   In these extraordinary times it might just be that heterodox …

Time For Informed Change. Post Covid-19 Economics Read More
Blogs / MMT Lens

“Whatever great meaningful and impactful work we are doing now is only the beginning, let’s keep moving forward for a better tomorrow.” – George Stamatis

9th August 20209th August 2020

According to the Office for Budget Responsibility, whose fiscal sustainability report was published last month, the news is bad. In its Executive Summary, it noted that the UK was on …

“Whatever great meaningful and impactful work we are doing now is only the beginning, let’s keep moving forward for a better tomorrow.” – George Stamatis Read More
Blogs / MMT Lens

What sort of future do you want for yourself and your children? If it’s not more of the same, then it’s time for some radical thinking. 

1st August 2020

Three common neoliberal threads run through this week’s news: How will the enormous sums of money borrowed by the government to hold up the Covid-19 ailing economy be paid for? …

What sort of future do you want for yourself and your children? If it’s not more of the same, then it’s time for some radical thinking.  Read More
Blogs / MMT Lens

We need a government that dares to think big and be more ambitious in its strategy to set our economy on a more sustainable and equitable pathway.

11th July 2020

“The difficulty lies not so much in developing new ideas as in escaping the old ones.” ― John Maynard Keynes When the world is facing one of the worst public health …

We need a government that dares to think big and be more ambitious in its strategy to set our economy on a more sustainable and equitable pathway. Read More
Blogs / Reblog

We need to talk about Tommy…the NHS: charity, taxes and MMT

28th June 2020

In this post, originally published on Medium, Michael Berks discusses NHS funding. I’m sure you’ve all seen the story of 100-year old Captain Tom Moore, who, by walking 100 laps …

We need to talk about Tommy…the NHS: charity, taxes and MMT 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:

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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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