Why is the left still terrified of the state’s power to create money? In this video, I set out a straightforward truth, which is that
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I was troubled by Grace Blakeley’s accusation that I am working to: make the existing capitalist system work more effectively, rather than …. effect a
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There are days when I genuinely wonder what parts of the left think the state is for. The capacity to create money is the most
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I was talking to an old friend, Tony Groves, of the Echo Chamber podcast, based in Dublin, on Friday, largely because I was recording a
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Throughout the weekend, I kept asking myself whether I should write a blog post about Rachel Reeves misrepresenting the economic background to her Budget, but
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Rachel Reeves just gave us a masterclass in how NOT to run a budget. We got leaks, U-turns, political theatre, but almost no real economic
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Grace Blakeley has responded to my suggestion that she is wrong about  modern monetary theory (MMT), saying: Thanks Richard – this confirms my assumption that
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I think modern monetary theory (MMT) matters. That is not because it is perfect, because no theory is. Instead, it is because it explains something
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November is not quite over yet, but it is already the best month ever in the history of this blog: All I can say is
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