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Tag: Privatisation

Blogs / MMT Lens

The deceitful image of money scarcity has no place in our society.

15th November 2020

Society is indeed a contract. It is a partnership … not only between those who are living, but those who are dead and those who are to be born. Edmund …

The deceitful image of money scarcity has no place in our society. Read More
MMT Lens

We can afford to choose public purpose spending

7th November 20207th November 2020

Public duty and the public purpose? Or, self-serving interest? Politicians have a choice. We have a choice. The problems we face did not come down from the heavens. They are …

We can afford to choose public purpose spending 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

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

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 Lens

The question is not how we will pay for the pandemic, but how government can use its currency-issuing capacity to deal with the most pressing issues of our time.

2nd May 20202nd May 2020

‘Care homes have been top priority for the government’ so said the health secretary in a COVID-19 briefing earlier this week. Daily the evidence grows that this is yet more …

The question is not how we will pay for the pandemic, but how government can use its currency-issuing capacity to deal with the most pressing issues of our time. Read More
Blogs / MMT Lens

The government’s spending promises have shown the need for austerity is a lie and a sham. It’s time to hold the government to account for its political decisions, not its fiscal prudence or otherwise.

15th March 202015th March 2020

In 2010 the newly elected Conservative government, using smoke and mirrors, turned what was a private debt crisis caused by global reckless greed and speculation by financial markets into a …

The government’s spending promises have shown the need for austerity is a lie and a sham. It’s time to hold the government to account for its political decisions, not its fiscal prudence or otherwise. Read More
Blogs / MMT Lens

After a decade of public sector cuts, it is time to learn the lesson that austerity has consequences for us all.

8th March 20208th March 2020

Fear is growing as the COVID-19 coronavirus spreads across the planet. As the media ramps up the anxiety with its daily reporting, people are crazily sweeping supermarket shelves of toilet …

After a decade of public sector cuts, it is time to learn the lesson that austerity has consequences for us all. 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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