Helen Schofield, Twitter and Facebook all drew my attention to a new report from the Gower Initiative for Modern Monetary Studies this morning. As Helen
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UK law has already enacted modern monetary theory, and was last updated to do so in 2000
I saw this tweet today by the Gower Initiative for Modern Money Studies: Deliberately misleading the public? Or do your journalists lack a basic understanding
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Why we don’t need to repay the national debt – and why doing so would be incredibly economically harmful
I have just posted this on Twitter – as a rather long thread. But it’s important to explain why the debt fetishists are wrong to
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The BBC: paving the way to austerity
I listened to the BBC Radio 4 programme ‘The Magic Money Forest’ last night. I will save you the time doing so. This was a
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How your bank account works
Most people have no clue how their bank account really works. A frighteningly large number think that there is a pile of cash in the bank with
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Macroeconomics, money and post-Brexit recovery, all in one Twitter thread
This Twitter thread, published this morning, took about four hours and 40 years of thinking to write… I keep hearing people complain that the ‘mainstream
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Governments borrow. That’s a fact. What MMT makes clear is that’s a choice. The debate should be on whether that’s a good choice, and not on whether it happens.
I wrote this tweet this morning: It’s been property popular. I suspect it will get many more likes as yet. I got this in reply
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What if the national debt is just money?
The St Louis Fed is one of the state central banks of the USA, serving the state of Missouri. That might, to many, make it
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Rational expectations as a basis for macroeconomics? Really?
I was bemused by a comment made during the course of the debate I took part in last night on modern monetary theory. A person
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Richard Murphy
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