I have noted the continuing questions being thrown at me for saying quantitative easing is not a simple asset swap. I could respond to those
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What is Jacob Rees-Mogg’s sudden interest in inflation and tax cuts all about?
As the Guardian notes this morning: Jacob Rees-Mogg has asked Rishi Sunak to reconsider impending tax rises as the chancellor and the prime minister came
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The Bank of England is going to take on modern monetary theory
The Bank of England has issued this press release this week: It says: ‘Can’t we just print more money?’ is a new pop-economics book, written
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It is time to get real about what MMT does
I have promoted the ideas implicit in Modern Monetary Theory (MMT) for some time. Indeed, I think I have done more than most to promote
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QE, or not QE?
I had a conversation yesterday in which the prospect of QE being unwound was discussed. As regular readers of this blog know, I am firmly
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The UK national debt is less than 60% of GDP – and nothing like what the government is reporting today
The Office for National Statistics has produced a new publication on public debt this morning, including figures for November 2021. It includes this chart: However,
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A Guardian article on the threat from modern monetary theory was quite staggeringly wrong. This is the rebuttal.
The Australian edition of the Guardian (available via the UK website) had an article yesterday that was headlined as follows: The author is described as
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Governments cannot borrow in their own currencies, but they can provide places of safe deposit for savers, and it is essential that they do
I found this headline in the FT both simultaneously worrying and intriguing: Germany has had a constitutional ban on its government borrowing for some years
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Consigning the sterlingisation zombie to history
It is big news when an issue to which this blog has contributed makes it to be an FT headline, but it happened this morning:
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