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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Fisking money with Steve Keen
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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