Rachel Reeves will present the Spring Statement as if she’s delivering stability. The Office for Budget Responsibility will offer forecasts. Markets will be reassured. But
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I noted this in an email last night. You can see the source: A number of thoughts follow. First, who is questioning the value of
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Most people think tax pays for government spending. It doesn’t. In a modern monetary economy, governments that issue their own currency spend first and tax
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People often ask me why the work we do on this channel and on the Funding the Future blog is so hard to follow. It
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I loved this reaction by Tom Butcher to my video transcript on the MMT economy. He said in a comment: It strikes me that no-one
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We posted this short video on multiple platforms last night: This was the transcript: Where does government money actually come from? Most people assume that
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People ask whether modern monetary theory is “just theory”. I think that’s the wrong question. The real test is practical: does the UK actually operate
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I have just posted this short on YouTube and elsewhere: This is the transcript: The result for the Greens in Gorton and Denton is stunning,
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People keep asking me how money is created, and the answer matters because misunderstanding money leads directly to bad economics and bad politics. In this
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