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Tag: Public services

Blogs / Reblog

Junior Doctors: your 35% payrise is already in place. Demand that it be paid

7th July 20247th July 2024

By Neil Wilson. Reposted with permission from Neil’s New Wayland article.   The strike action by UK junior doctors has an unreal quality. It lacks the media and political actions …

Junior Doctors: your 35% payrise is already in place. Demand that it be paid Read More
Blogs / MMT Lens

The empire of lies (and its consequences)

26th November 2023

“Let’s face it, the universe is messy. It is nonlinear, turbulent, and chaotic. It is dynamic. It spends its time in transient behavior on its way to somewhere else, not …

The empire of lies (and its consequences) Read More
Blogs / MMT Lens

Humanity sits at a crossroads as politicians re-sell the politics of public austerity

15th October 202315th October 2023

‘Growth is one of the stupidest purposes ever invented by any culture. We’ve got to have an ‘enough’. Always ask growth of what, and why, and for whom, and who …

Humanity sits at a crossroads as politicians re-sell the politics of public austerity Read More
Blogs / MMT Lens

Economic delusions cannot save us from the climate crisis and societal decay

6th August 20236th August 2023

“Never forget that the economy is a wholly owned subsidiary of nature”. Global Boiling – Kate Mackenzie and Tim Sahay Many of us have grown up with the story of …

Economic delusions cannot save us from the climate crisis and societal decay Read More
Blogs / MMT Lens

Politicians’ fine-sounding pledges offer little more than a deceitful illusion when sound finances dictate the strategy

4th June 2023

“It is a trope of twentieth and twenty-first century-life that governments faced with financial shortfalls look first to the services they provide their citizens when making cuts. Instances like these …

Politicians’ fine-sounding pledges offer little more than a deceitful illusion when sound finances dictate the strategy Read More
Blogs / MMT Lens

Two worlds. Royalty shamelessly flaunts its wealth while the people struggle to live.

7th May 20237th May 2023

“As long as we labour under the delusion that financial choices are the same for a government as they are for households or firms, who don’t have a [central] bank …

Two worlds. Royalty shamelessly flaunts its wealth while the people struggle to live. Read More
Blogs / MMT Lens

Keynes’ wisdom still stands; “Anything we can actually do we can afford.”

13th April 202313th April 2023

Knowing can be a curse on a person’s life. I’d traded in a pack of lies for a pack of truth, and I didn’t know which one was heavier. Which …

Keynes’ wisdom still stands; “Anything we can actually do we can afford.” Read More
Blogs / MMT Lens

Collapsing services and neglected people in a disintegrating society that could be thriving

5th March 20236th March 2023

“When people live in a fair, caring society, where everyone has equal access to social goods, they don’t have to spend their time worrying about how to cover their basic …

Collapsing services and neglected people in a disintegrating society that could be thriving Read More
Blogs / MMT Lens

Money for big business and war but not for the public good

5th February 2023

‘It needs to be understood how governments have facilitated inequality in the world. Billionaires don’t happen naturally. The rules by which a country’s economy operates is controlled by governments. If …

Money for big business and war but not for the public good Read More
Blogs / MMT Lens

It is not the NHS that is failing us, it is the government

8th January 2023

[The] method to the madness is the fact that we do need austerity to enforce a certain organisation of society which is a classist organisation based on wage labor and …

It is not the NHS that is failing us, it is the government 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

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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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