I have been looking at the thorny issue of what makes up the public sector net debt, excluding public sector banks, that was announced last
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Today is GERSday – the day when the Government Expenditure and Revenue Scotland statement is published
For the last few years I have been involved in debate on the quality of the Government Expenditure and Revenue Scotland statement. It is how
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How do banks create money?
Modern monetary theory highlights the important role of the government in creating money when it spends. That process makes sure our money has value. But
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Green infrastructure could pave a way out of crisis
Having had a letter in the Guardian today with me, Colin Hines also has one on a fairly similar theme in the FT: Letter: Green
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Richard Leonard’s call for a Scottish Green New Deal is meaningless without a simultaneous call for independence to let it be delivered
I was interested to read an article by Richard Leonard, leader of the Labour group in the Scottish parliament, in the Scotsman today, calling for
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The Economist can promote MMT and still not call it by its name
The Economist has published an article on the so-called Phillips Curve. The article was noted to have: appeared in the Schools brief section of the print
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Investing in jobs and climate is key
From the Guardian: Your editorial (19 August) correctly points to the fact that the “money no problem” approach to tackling the short-term upheavals caused by coronavirus must
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Why we don’t need tax increases in the UK any time soon
This issue really matters to me. For decades people have said all I want is tax increases. And I am pleased to say that I
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Would Scotland have a debt to the rest of the UK if it becomes independent, and crucially, what would be payable?
I had an exchange with the eminent UK constitutional lawyer George Peretz QC last night as a result of my claim in my response to
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