It was put to me this morning that arguing for MMT is like being a ram who wants to punch a hole in a dam…
There really is a magic money tree
An economic crisis after the pandemic is over is nigh on certain unless modern monetary theory dictates policy at that time
The Guardian has a heavily pro-MMT editorial this morning, albeit offering a pragmatic mix of Randy Wray and QE in a way I entirely approve
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The Bank of England has to be subject to political accountability. For it to be otherwise is a threat to the very core of our democratic process.
Andrew Bailey delivered one of his usual speeches that included little link to reality on Friday. He began by saying: It is fast approaching twenty
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Negative interest rates are coming, but there is no chance that they will work
As The Guardian and many other newspapers reported yesterday, the Bank of England yesterday announced that it was preparing the ground for negative official interest
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Money: Helen Schofield’s epilogue
I have over the last week been publishing Helen Schofield’s history of money. The series has attracted much attention, and been fascinating. You can work
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Money: lessons to be learned
To continue Helen Schofield series on money, this is the last substantial part, although an epilogue will follow. Earlier parts can be linked here Once
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Money from 1672 to 1694: the years of change
I intended to post the fifth and sixth instalments of Helen Schofield’s history of money yesterday, but actually only did the fifth. However, having now
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Money: a history
This is the third in a series of comments from Helen Schofield on the history of money. The first is here, and the second here.
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