I have an article on the Social Europe website this morning in which I argue that the time has come for a new financial transactions
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Why and how we can do something much better than quantitative easing if we want to transform our economy
Modern monetary theory (MMT) says the government creates all our money – either itself through its own spending, or indirectly through the banks that it
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How many things can Rishi Sunak get wrong in one video?
This tweet, and the video embedded in it, is quite extraordinary: https://t.co/WqiaNchvPj pic.twitter.com/ghEu8oEAY1 — Rishi Sunak (@RishiSunak) October 29, 2020 Whether the tweet to which
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We are heading for 5 million unemployed and a fixation with balanced budgets will mean that cost will have to be accounted for by economists who have doomed these people to despair
The Resolution Foundation has a new report out this morning on the job market and the impact of furlough. As they note, unemployment is now
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Reframing the deficit
This is a really good thread from Stephanie Kelton: And for those who ask how I reconcile this with my call for hypothecated saving, that’s
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Saturday morning thoughts
FT Alphaville is convinced on MMT
I wrote about Stephen King’s article on MMT in the FT this morning. Soon after posting it I sent a link to FT Alphaville. And
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The case for MMT: or why the FT is wrong to publish ill-informed arguments against it
Stephen King, who is HSBC’s Senior Economic Adviser and author of ‘Grave New World’ has an article in the FT today under the title ‘The
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The UK’s national debt has gone down this year, whatever the ONS likes to claim
The ONS has announced another pile of economic news this morning, all of which is framed in a way intended to misrepresent what is actually
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Richard Murphy
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