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Tag: UK General Election 2019

Blogs / MMT Lens

This is not a moment to give up; it’s a moment to resist. A moment to educate and rebuild. After the darkness will come the light.

14th December 201914th December 2019

After a Tory car crash of an election, the British voting public have made their choice. GIMMS will not be analysing the whys and wherefores or laying blame in this …

This is not a moment to give up; it’s a moment to resist. A moment to educate and rebuild. After the darkness will come the light. Read More
Blogs / MMT Lens

Which way from here? That depends on where we want to go. Our choices now will determine our future.

8th December 2019

We are in the last few days of the election campaign. An election which, without doubt, will be a defining one for the future of this country and possibly even …

Which way from here? That depends on where we want to go. Our choices now will determine our future. Read More
Blogs / MMT Lens

The time has come to talk of many things; of taxing and spending and an economic system that needs mending. 

1st December 2019

In the news, the Prime Minister tells millions of  WASPI women affected by the changes to the state pension age that he couldn’t promise to magic up the money for …

The time has come to talk of many things; of taxing and spending and an economic system that needs mending.  Read More
Blogs / MMT Lens

It’s not balanced budgets that will save us. It’s the power of the public purse and our human values.

16th November 201916th November 2019

Charles Dickens began his novel ‘Hard Times’ thus: “NOW, what I want is, Facts. […]. Facts alone are wanted in life. Plant nothing else and root out everything else. You …

It’s not balanced budgets that will save us. It’s the power of the public purse and our human values. 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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