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Tag: unemployment

Blogs / MMT Lens

A broken system – where does the buck stop?

26th September 2021

Being a planetary citizen does not need space travel. It means being conscious that we are part of the universe and of the earth. The most fundamental law is to …

A broken system – where does the buck stop? Read More
Blogs / MMT Lens

If we can find money for corporations, we can find money for the people who need it.

19th September 202119th September 2021

‘What you do makes a difference, and you have to decide what kind of difference you want to make.’ Dr Jane Goodall, Scientist & Activist   This week, Sajid Javid, …

If we can find money for corporations, we can find money for the people who need it. Read More
Blogs / MMT Lens

Fairy tales and the vocabulary of scarcity. Protecting the wealthy and hurting the rest

29th August 2021

“Last time, most of us fell for it. This time, it is critical that we do not. Because, in reality, the crisis we just experienced was waking from a dream, …

Fairy tales and the vocabulary of scarcity. Protecting the wealthy and hurting the rest Read More
Blogs / MMT Lens

The cost of Covid-19 is no reason to put off tackling inequality and climate change

8th August 20218th August 2021

“Emperor Nero, it’s said, fiddled while Rome burned. If you don’t want our politicians to continue to follow his example while the world burns, get politically active now.” Thom Hartmann …

The cost of Covid-19 is no reason to put off tackling inequality and climate change Read More
Blogs / MMT Lens

Politicians and the media coax the public to accept a new period of austerity

11th July 2021

“The political class in Westminster have failed us. They inoculate themselves against the pain that we suffer. We will not forgive them, and no, we will not be patient with …

Politicians and the media coax the public to accept a new period of austerity Read More
Blogs / MMT Lens

Inflation is not what we should be worried about right now

30th May 202130th May 2021

“The purpose of government is to ensure that everyone has what they need to live a good life. That means giving every child the very best start in life, caring …

Inflation is not what we should be worried about right now Read More
Blogs / Reblog

Modern Money Consensus

29th May 2021

by Carlos García Hernández (originally published in Spanish in El Común)   I was prompted to write this article by yet another sad fatality, the death of British economist John …

Modern Money Consensus Read More
Blogs / MMT Lens

Dealing with crucial issues must triumph over the bogus ‘need’ to balance the books.

15th May 202115th May 2021

“Our posturings, our imagined self-importance, the delusion that we have some privileged position in the Universe, are challenged by this point of pale light. Our planet is a lonely speck …

Dealing with crucial issues must triumph over the bogus ‘need’ to balance the books. Read More
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 / Reblog

The Concept of an Optimal Currency Area, and why the EU has failed to create it.

8th May 2021

By Carlos García Hernández Article originally published in Spanish by El Común here. On the 4th of April Robert Mundell, the Canadian Nobel laureate in economics, died at the age …

The Concept of an Optimal Currency Area, and why the EU has failed to create it. 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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