I have published a second edition of ‘Modern monetary theory: an explanation’. That’s good going after a day in circulation, but indicates that I listen.
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The problems with Warren Mosler’s description of modern monetary theory
The problems with Warren Mosler’s description of modern monetary theory (MMT) Richard Murphy[1] April 2023 Published by Tax Research LLP[2] Purpose of this note This
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Modern monetary theory: an explanation
As if to mark the new name of this blog I have published what I think is quite an important new paper this morning. This
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The modern monetary theory glossary entry
I promised a week ago that I would both publish a modern monetary theory (MMT) glossary entry and publish more about what I think MMT
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MMT and tax: an issue that needs to be addressed again
As those who follow, my Twitter account will be aware, I was involved in a spat with Warren Mosler and those who follow his ideas
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The whole notion that you run government like you run a household is a complete myth
Prof Mariana Mazzucato telling it like it is, and effectively summarising modern monetary theory whilst doing so, on Newsnight last night: “This whole notion that
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Sunak does not have a £30 billion windfall. Instead the economy has a £30 billion cash deficit it cannot do without.
I often wonder when it might be that the idea that we tax and then spend will be replaced with a proper understanding of the
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Interest rate rises are welfare for the best off in more ways than one
For those not aware, Stephanie Kelton writes a regular Substack column called The Lens.I think there is a paywall. In the latest edition she notes:
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MMT answers
I got an email overnight that I could reply to as a private mail, or I could hide the identity of the person who sent
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