Regular commentator Robin Stafford recommended this edition of Steve Keen’s podcast. It takes some concentration, but the explanations are, as usual from Steve, very strong.
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There is no ‘black hole’
Two excellent letters in the Guardian this morning on the fallacy of the government’s claim there is a black hole in its finances and both
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MMT does not require that markets believe in it, but politicians must
I just posted this thread on Twitter: You raise an important issue @HackedOffHugh. You’re reading the right book. @stephaniekelton is great and we talk often
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We can do so much better than thus
I posted this on Twitter this morning, in response to the usual supposedly left-of-centre anti-MMT crowd who think it their job to point out that
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The danger is from Chancellors who want to balance the books
It’s great to be able to share a really good MMT thread from Twitter here, written by Andy Verity, who is a BBC economics correspondent:
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Stephanie Kelton on tax and modern monetary theory
I would recommend anyone who reads here also subscribe to Stephanie Kelton’s blog on Substack. Stephanie wrote this on MMT ( modern monetary theory) and
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Without QE, or simple government money creation, Kwarteng is heading us for the rocks very, very fast
This was the FT’s UK homepage on its email listing this morning: The FT thinks the UK is in trouble. They also think Truss and
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Of course banks are not putting up savings rates: they really do not want or even need savers’ money
As The Guardian has noted: Millions of people are being short-changed on savings rates, with banks and building societies failing to pass on this month’s
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We have a choice. The Tories want economic meltdown. But if we were willing to create some more government money we could avoid that.
I just posted this thread on Twitter: The Tory leadership election is offering the party faithful an image of a land about to flow with
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Richard Murphy
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