This comment was posted on the blog over the weekend in response to my comments on Recovery Bonds: You can add the MMT community to
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Modern monetary theory: my new summary of how I think it delivers sound economic policy
It has been suggested to me that my support for the issue of savings bonds to the public to fund socially useful investment, with government
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The only role for modern monetary theory is the promotion of social justice
There are, I admit, moments when I find those promoting MMT deeply annoying. An occasion when this was the case occurred yesterday. The Gower Initiative
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Arguing for MMT’s like punching 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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