A thread, posted on Twitter this morning, partly in response to all that Jack Monroe has said this week, and partly in response to suggestions
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Four causes for inflation
I wrote this yesterday in response to a comment on this blog written by a right-wing opponent of modern monetary theory who claimed that all
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What modern monetary theory is and what it suggests to be possible are different things
Prof Steve Keen, whose work will be familiar to many readers of this blog, posted this on Twitter last night: In essence, #MMT is simply
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Asset swaps – forthcoming
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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