As the FT has just reported: The Federal Reserve has adopted a new strategy for monetary policy that will be more tolerant of temporary increases
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Austerity illustrated – with the aid of a black and white TV
I loved this twitter thread by Tony Weston, who sometimes commented here, and think it deserves a wider coverage, so I hope he will excuse
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There is no such things as taxpayers’ money
Few things make me more annoyed than the claim that ‘we’re spending taxpayers’ money’. This video explains why (and yes, the apostrophe has gone missing….and
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How do banks create money?
Modern monetary theory highlights the important role of the government in creating money when it spends. That process makes sure our money has value. But
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The Economist can promote MMT and still not call it by its name
The Economist has published an article on the so-called Phillips Curve. The article was noted to have: appeared in the Schools brief section of the print
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If government debt cannot be repaid – and in a technical sense it’s not possible to do so in a country like the UK – then why don’t we call it capital?
The issues I have raised in my discussion on what I consider to be the misstatement of government debt by the Office for National Statisticsin
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To progress we need a revolution. MMT will be at its core because it, alone, is saying another form of democratic politics is possible
I have kept thinking that there must be something profound to say about the whole A level debacle. And yet, at least initially, in a
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Why does anyone want to make the fear of inflation the epicentre of economic policy when the chance of it happening is so remote?
The Financial Times published an article on Friday with this headline: The economy is too weak for inflation to return They commenced by noting that:
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Another MMT explanation – from the indefatigable Stephanie Kelton
This is worth listening to: It’s worth noting that Mark Blyth has revised his position on MMT since I wrote this about his book Angrynomics
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Richard Murphy
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