Another view: Government debt

Posted on July 11 2026

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4 Responses

John Gouk says:

July 11 2026 at 9:57 am

I’ve been trying to explain the accounting principles behind MMT etc to friends/family, and this is a brilliant way to explain it! I shall definitely print it out for ease of reference. Thanks very much indeed. It’s quite hard to grasp the idea that government debt is the money side of everything, and even idiotically valued shares are only realised into cash by virtue of government debt, essentially… hence the (um acknowledged, even denied) enthusiasm for government debt amongst zillionaires

Reply
- Richard Murphy says:
  
  July 11 2026 at 10:10 am
  
  Thank you
  
  Reply
Bob Forsyth says:

July 11 2026 at 9:58 am

Thank you for this excellent crib sheet. I will circulate widely.

Reply
- Richard Murphy says:
  
  July 11 2026 at 10:09 am
  
  It works for you?
  
  Reply

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