economic orthodoxy Archives - The Gower Initiative for Modern Money Studies

Build Back Better? Better for whom?

7th February 202111th February 2021

“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 …

Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted

Stuart Medina Miltim @smiltim ·

31 Oct

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

Reply on Twitter 1851955905517990218 Retweet on Twitter 1851955905517990218 5 Like on Twitter 1851955905517990218 10 Twitter 1851955905517990218

Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted

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.

Reply on Twitter 1852040291630371323 Retweet on Twitter 1852040291630371323 80 Like on Twitter 1852040291630371323 212 Twitter 1852040291630371323

Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted

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.

Reply on Twitter 1852029214725124262 Retweet on Twitter 1852029214725124262 25 Like on Twitter 1852029214725124262 51 Twitter 1852029214725124262

Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted

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.

Reply on Twitter 1851524586073989339 Retweet on Twitter 1851524586073989339 1669 Like on Twitter 1851524586073989339 3359 Twitter 1851524586073989339

Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted

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? ..\

Reply on Twitter 1851372050302083459 Retweet on Twitter 1851372050302083459 68 Like on Twitter 1851372050302083459 218 Twitter 1851372050302083459