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Tag: Job Guarantee

Blogs / MMT Lens

More than tinkering around the edges is needed to bring about a better world

9th May 20219th May 2021

“I suppose there hasn’t been a single month since the war, in any trade you care to name, in which there weren’t more men than jobs. It’s brought a peculiar, …

More than tinkering around the edges is needed to bring about a better world Read More
Blogs / MMT Lens

A just transition to a sustainable, fairer world. Not short-term fixes

25th April 202125th April 2021

‘The world was created with everything needed within it. Yet, mankind remains the biggest threat to its destruction.’ Oladosu Adenike – ecofeminist, climate justice activist and agricultural economist.   In …

A just transition to a sustainable, fairer world. Not short-term fixes 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 / 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

The Covid-19 pandemic shows the need for change. For a real ‘Reset’.

17th January 202117th January 2021

‘We live in capitalism. Its power seems inescapable. So did the divine right of kings.’ Ursula K Le Guin The year 2020 will be not be remembered with any great …

The Covid-19 pandemic shows the need for change. For a real ‘Reset’. Read More
Blogs / MMT Long Read

The Paradox of the Two Knights

6th December 20206th December 2020

By Carlos García Hernández Article originally published in Spanish by RedMMT here Marx argues that any economic system based on private ownership of the means of production is doomed to …

The Paradox of the Two Knights Read More
Blogs / MMT Lens

Time to worry less (or better not at all) about the national debt and challenge the government’s economic record instead.

27th September 202027th September 2020

The old world is dying, and the new world struggles to be born; now is the time of monsters. Antonio Gramsci In the week that the Chancellor Rishi Sunak announced …

Time to worry less (or better not at all) about the national debt and challenge the government’s economic record instead. 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 / 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
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

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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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