I was asked this question on the blog last night and, to be candid, was just too tired by the time I finished work to
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Money is always intangible
I have been writing about the concept of money today. For several good reasons, I cannot share what I wrote as yet. This sentence, written
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The Bank of England has announced it can create money for the benefit of its mates but not for the benefit of the rest of us
The FT reported yesterday evening that: The Bank of England is set to create a permanent lending facility for non-bank financial institutions such as insurers
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The Taxing Wealth Report 2024 and modern monetary theory
I have been sent an email that says: I have been reading the summaries of your tax proposals, but not the details. I am not
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Why we need a national debt
I had a request yesterday that I write an article explaining the national debt, most especially in the context of modern monetary theory. Let me
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The QE process
I was criticised by some commentators yesterday for what they thought to be a harsh comment by me on a comment by Neil Wilson on
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Communicating MMT
As many readers here will be aware, I recently dedicated quite a lot of effort to thinking about a white paper on modern monetary theory
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What is money?
I have posted a new podcast this morning: It seemed to me that this was the vital first port of call for a podcast series.
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The banking system is just a charade as the failure of First Republic in the US proves
This weekend saw the second-biggest bank failure in US history. As the FT reported yesterday, US bank, First Republic was closed with the active involvement
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