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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Jacob Rees Mogg admits that QE has cancelled more than £800 billion of government debt. Now we need to discuss the consequences.
Jacob Rees Mogg gave a quite extraordinary interview on Sky this morning, seeking to justify Liz Truss’s plan to cut taxes by £30 billion and
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Tax and modern monetary theory: my talk at the MMT Summer Seminar
Study modern monetary theory via distance learning
I am pleased to share this: Visit the website here for more details. This looks like a really valuable initiative with good people behind it,
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How are the central bank reserve accounts created?
I have been asked to explain how the central bank reserve accounts held by the commercial banks with the Bank of England are created. This
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There is a magic money tree right at the heart of the UK government, mandated by law and in operation since 1866, at least
This paper was published last week: The paper has the following abstract: This paper constitutes a first detailed institutional analysis of the UK Government’s expenditure,
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New money is part of the solution to our problems
My Finance for the Future colleague, Colin Hines, has this letter in the FT today: Dear Sir, Your editorial (Ministers should be clear: there are
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