This is a phenomenally powerful speech from the Prime Minister of Barbados at COP 26. She says the world could use quantitative easing to beat
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Scotonomics and the Green New Deal
I did a Youtube meeting with the Scotonomics team of Kairin van Sweeden and William Thomson last night, roaming over a whole range of green
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William Beveridge knew that modern monetary theory was right in 1944. Why can’t modern politicians take note?
This paragraph is in William Beveridge’s 1944 report on full employment, admittedly from the 1960 edition: I have highlighted key sentences, but those in between
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We really do not need wealthy pensioners to make voluntary tax contributions
The FT has an article out this morning that has this title: I read it, more in hope than expectation. It did not take long
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The New Economics Foundation talks fiscal rules within the context of MMT – even if they aren’t saying so – and the result is really good
The New Economics Foundation has issued a new report today: The title really undersells this. I rarely unambiguously say something needs reading: I do say that
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The truth about money – in the House of Lords
My old tax justice friend Prof Prem Sikka is now the Noble Lord Sikka, having been sent to the Lords by Jeremy Corbyn. Last week
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The opponents of MMT really have got to do better than the Banque de France do if they are to counter its arguments
The Banque de France has issued a working paper on modern monetary theory (MMT). In the introduction to it they say: In the last few
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Talking debt
I did an interview on the above theme for an undergraduate run website called Economics Unlocked recently. This is their short version of the interview.
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Why is Labour stuck in gold-standard thinking era? And why does it want gold-standard era austerity that inevitably follows?
From the Sunday Times today: So, austerity here we come because Rachel Reeves has not noticed we have a fiat currency as yet. Why is
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