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Tag: Public services

Blogs / MMT Lens

Equity via democracy, not philanthropy

31st January 2021

“Do you truly believe that life is fair, Senor de la Vega? -No, maestro, but I plan to do everything in my power to make it so.” ― Isabel Allende, Zorro There …

Equity via democracy, not philanthropy 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 Lens

Time to abandon fictions of how our economy functions

5th December 20205th December 2020

“The point is, not every deficit serves the broader public good. Deficits can be used for good or evil. They can enrich a small segment of the population, lifting the …

Time to abandon fictions of how our economy functions Read More
Blogs / MMT Lens

Just getting by is not enough

22nd November 202022nd November 2020

“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 …

Just getting by is not enough Read More
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

Ending needless suffering

31st October 202031st October 2020

“When the MMT coin drops and you realise the suffering is gratuitous” Stephanie Kelton In this week’s blog, hunger is on the menu yet again. Gratuitous hunger and hardship. Gratuitous …

Ending needless suffering Read More
Blogs / MMT Lens

Child hunger is an avoidable tragedy

25th October 202026th October 2020

If we cherish a desire for a fairer and more equitable society, then now is the time to ‘Persist until something happens!’ “We must make sure that the government do …

Child hunger is an avoidable tragedy Read More
Blogs / MMT Lens

What is the real burden that the government’s “hard choices” will pass on to future generations?

11th October 202011th October 2020

Instead of more political rhetoric and more of the same orthodox solutions dressed up as change, we need radical progressive action to pave the way for a kinder, more equable …

What is the real burden that the government’s “hard choices” will pass on to future generations? 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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