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Tag: deficit spending

Blogs / MMT Lens

If we can find money for corporations, we can find money for the people who need it.

19th September 202119th September 2021

‘What you do makes a difference, and you have to decide what kind of difference you want to make.’ Dr Jane Goodall, Scientist & Activist   This week, Sajid Javid, …

If we can find money for corporations, we can find money for the people who need it. Read More
Blogs / MMT Lens

Fairy tales and the vocabulary of scarcity. Protecting the wealthy and hurting the rest

29th August 2021

“Last time, most of us fell for it. This time, it is critical that we do not. Because, in reality, the crisis we just experienced was waking from a dream, …

Fairy tales and the vocabulary of scarcity. Protecting the wealthy and hurting the rest Read More
Blogs / MMT Lens

The cost of Covid-19 is no reason to put off tackling inequality and climate change

8th August 20218th August 2021

“Emperor Nero, it’s said, fiddled while Rome burned. If you don’t want our politicians to continue to follow his example while the world burns, get politically active now.” Thom Hartmann …

The cost of Covid-19 is no reason to put off tackling inequality and climate change Read More
Blogs / MMT Lens

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

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
Blogs / Reblog

Happy 25th birthday, Modern Money Theory!

28th January 202128th January 2021

A guest post by Dirk Ehnts, originally published in German here   On Monday, January 29, 1996, Warren B. Mosler, Director of Economic Analysis at III Finance, wrote a message …

Happy 25th birthday, Modern Money Theory! Read More
Blogs / MMT Lens

The need is to fix the system, not just to provide ‘sticking plasters’

23rd January 2021

“The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too …

The need is to fix the system, not just to provide ‘sticking plasters’ Read More
Blogs / MMT Lens

Just getting by is not enough

22nd November 202022nd November 2020

“The rich run a global system that allows them to accumulate capital and pay the lowest possible price for labour. The freedom that results applies only to them. The many …

Just getting by is not enough 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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