After publishing our Guide to AI and my Alertnative Budget of late, we are planning more additions to our PDF Shop.
The first will be a 'Best of Funding the Future 2025' publication, featuring a selection of about 50 of the most popular posts on this blog this year. James is working on this right now. We hope to have it out for Christmas, but there is still quite a lot to do.
The other is going to be a guide to modern monetary theory (MMT). Recent experience here, and responses from mainstream journalists to those discussions, with calls on the issue being taken yesterday, suggest that this is really important. It might also act as a primer for those trying to get their heads around the subject.
The initial aim is to make this another collection of blog posts, but a second edition might, in due course, develop it into something more polished. However, I think time is of the essence right now.
If anyone wants to help on this one, I am open to offers. I am presuming that anything I have written on this topic that is more than two years old is now of little use: I have got better over time at explaining how money, MMT, and their relationships with finance, tax, and bonds work. If, however, the modern monetary theory category on this blog is searched, it becomes clear that this might still require a review of maybe 200 blog posts, even though some could be easily eliminated from consideration. If anyone wants to review those posts and suggest their top ten by title, date and URL, that would be great. Any such lists will, I am sure, influence and broaden our thinking.
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Great news, where did your Alternative Budget get published?
On the PDF shop, linked in the article.
A simple accessible Guide to Modern Monetary Theory is needed. Years ago I remember an old school technical journalist advising me to pitch writing on legal and technical matters to be understood by a bright 12 year old student.
The Government pitches the lower reading age of 9 years old, in its advise to Civil Servants and suppliers on writing for Government. This goes beyond Plain English and is a good AI learning resource for style. Useful when requesting summaries of academic and professional material outside your field!
https://www.gov.uk/guidance/content-design/writing-for-gov-uk
As a follow-up might I suggest ‘Where does money come from? ‘. I’ve taken to finding was of asking that question to people who really should know, and may think they do, until they begin to answer. At which point I have been meet with the look of a fish asked to explain were water come from.
Thanks
The problem with Modern Monetary Theory is in the name; it implies a new concept that is still little more than a ‘theory’. This flaw allows those defending the current position to frame the debate around the household budget myth and divert the discussion before a progressive speaker has had an opportunity to do much more than deny belief in this fallacy. The misleading title of Modern Monetary Theory has made it really challenging to debunk the well established status quo.
We came up with a more appropriate name for Neoliberalism that better described its destructive influence on our political system. Antisocialism captured the very essence of what Neoliberalism actually does. Can we assign a new title to MMT that would make its core function immediately apparent by describing MMTs fundamental role in our Feat economy? I don’t know what to suggest, but we urgently need to think of a more accurate descriptor for our money creation. What about: Sovereign Currency Creation.
Modern money will do.
Suggestion:
Put your posts into Notebook LM and ask for a 2000 word summary.
You might be pleasantly surprised.
My posts are almost never 2,000 words long.
So, what are you actually suggesting? And why?
Only trying to make life easier for you and using the wisdom in your previous posts.
It seems AI does have a use after all.
You seem to be producing various content now . longer , shorter and in video and text.
I prefer longer and fewer but little and often is good too.
But by all means do what feels good to you.
The problem with Modern Monetary Theory is in the name; it implies a new concept that is still little more than a ‘theory’. This flaw allows those defending the current position to frame the debate around the household budget myth and divert the discussion before a progressive speaker has had an opportunity to do much more than deny belief in this fallacy. The misleading title of Modern Monetary Theory has made it really challenging to debunk the well established status quo.
We came up with a more appropriate name for Neoliberalism that better described its destructive influence on our political system. Antisocialism captured the very essence of what Neoliberalism actually does. Can we assign a new title to MMT that would make its core function immediately apparent by describing MMTs fundamental role in our Feat economy? I don’t know what to suggest, but we urgently need to think of a more accurate descriptor for our money creation.
I am using modern money.