This is a really good thread from Stephanie Kelton: And for those who ask how I reconcile this with my call for hypothecated saving, that’s
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I think this from Simon Wren-Lewis, written yesterday, is very good: [The suggestion is] that Sunak, like Osborne, only pretends to misunderstand the nature of
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It hardly need be said that we live in extraordinary times. It is readily apparent that we do. But, that does not mean that we
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Normally at this time in the morning I would be posting a video here. I won’t be today, or for at least the rest of
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As the Mirror notes today: Amazon is advising ministers on how to buy goods and services after Brexit, while raking in millions of pounds in contracts
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I have been asked to explain how quantitative easing works, given how important it is within our economy and managing the coronavirus crisis right now.
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Modern monetary theory (MMT) days that governments have no need to borrow. Governments can, it says, always create the money that they need. Which is
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Social distancing was not a problem on my walk today, along the Little Ouse river. In this photo, with its truly East Anglian sky, it
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From my Twitter account this morning: There will be a blog post later: right now I am going for a walk whilst it is dry.