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Tag: government debt

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

“Either you guarantee employment, or you guarantee there will be unemployment.” – Pavlina Tcherneva

25th July 2020

This week the Learning and Work Institute published its July briefing on employment. Stephen Evans, its chief executive, made it clear that there were signs of an employment crisis ahead …

“Either you guarantee employment, or you guarantee there will be unemployment.” – Pavlina Tcherneva 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 / MMT Lens

To rephrase Mahatma Gandhi ‘The future will depend on what we do today.’

21st June 2020

Just a brief look at the news headlines in the last few weeks should be enough to set the alarm bells ringing. We are watching as the nation suffers a …

To rephrase Mahatma Gandhi ‘The future will depend on what we do today.’ Read More
Blogs / MMT Lens

To talk about the future is only useful if it leads to action now

7th June 20207th June 2020

‘To talk about the future is only useful if it leads to action now.’ E F Schumacher: Small is beautiful: Economics as if people mattered. The Bank of England in …

To talk about the future is only useful if it leads to action now Read More
Blogs / MMT Lens

If you clapped for the NHS and key workers, now it’s time to ACT.

30th May 2020

“Governments stand because people sit; if people stand, governments will sit!” – Mehmet Murat İldan (Turkish writer). Did you clap for the NHS and key workers? Did you cheer on …

If you clapped for the NHS and key workers, now it’s time to ACT. Read More
Blogs / MMT Lens

‘Two roads diverged in a yellow wood’. The question is which one will we take?

23rd May 2020

‘Two roads diverged in a yellow wood’ are the opening words of a poem by the celebrated poet Robert Frost. Whilst he was writing about his own personal life’s journey, …

‘Two roads diverged in a yellow wood’. The question is which one will we take? Read More
Blogs / MMT Lens

We don’t have to accept a corporate blueprint for a future world. The alternative is to forge a collective vision based on solid values and publicly provided foundations to enable human and planetary flourishing.

17th May 202017th May 2020

‘We hope this pandemic will teach us that in normal times we must build up our supplies, our infrastructure, and our institutions to be able to deal with crises. We …

We don’t have to accept a corporate blueprint for a future world. The alternative is to forge a collective vision based on solid values and publicly provided foundations to enable human and planetary flourishing. Read More
Blogs / MMT Long Read

Norwood Hanson, Paul Krugman and MMT

29th March 202028th March 2020

Phil Armstrong, University of Southampton Solent and York College  2020    1. Norwood Hanson: Is the sun going around the Earth or the Earth going around the sun?   Norwood …

Norwood Hanson, Paul Krugman and MMT Read More
Blogs / MMT Lens

Rishi Sunak is wrong. ‘Righting the ship’ won’t require any taxpayers to ‘chip in’ to cover the cost of his spending plans – not now, in the future, or ever. 

28th March 2020

Marcus Tullius Cicero was a Roman statesman, lawyer and academic sceptic philosopher. He wrote ‘The Safety of the People shall be the Highest Law.’ This week, it was reported that …

Rishi Sunak is wrong. ‘Righting the ship’ won’t require any taxpayers to ‘chip in’ to cover the cost of his spending plans – not now, in the future, or ever.  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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