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Tag: Universal Credit

Blogs / MMT Lens

‘Mini budget’ shows contempt for ordinary people as government banks on growth at any cost

25th September 2022

What is the mantra of ‘growth, growth, growth’ – without any structural changes or interventions to reconfigure the basic operations of the economy – but a new variant of the …

‘Mini budget’ shows contempt for ordinary people as government banks on growth at any cost 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

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

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

We need to break free from the notion that a country’s health is measured by a balanced budget. Value is not judged by money, but by human and planetary flourishing.

1st February 20201st February 2020

Five years ago, responding to a letter from one of his constituents about food banks, MP John Whittingdale wrote that he thought food banks ‘provided an incredibly valuable service beyond …

We need to break free from the notion that a country’s health is measured by a balanced budget. Value is not judged by money, but by human and planetary flourishing. Read More
Blogs / MMT Lens

Life at the sharp end of austerity

16th November 201822nd November 2018

In the news this week….. “I’m scared to eat sometimes in case we run out of food.” “We had people coming to us who hadn’t eaten for several days,” “I …

Life at the sharp end of austerity Read More
Blogs / MMT Lens

Put the Planet and the People First and the Fiscal Deficit Will Look After Itself

2nd November 201822nd November 2018

The Chancellor of the Exchequer, Philip Hammond, delivered his Autumn Budget on Monday. Hammond took an upbeat tone, congratulating the public for its hard work and sacrifice which were now …

Put the Planet and the People First and the Fiscal Deficit Will Look After Itself Read More
Blogs / MMT Lens

Pensions, Universal Credit and the IMF

19th October 201822nd November 2018

The IMF has been busying itself with the UK’s financial position, reported in the FT on the 10 October as “languishing close to the bottom of the international league table …

Pensions, Universal Credit and the IMF 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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