David Smith has, apparently, been leave economics editor of the Sunday Times since 1989. Today he addressed the issue of modern monetary theory, and you
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Modern monetary theory: a UK primer
Can the UK still go bust?
One of the questions I have been asked to address in my video series is whether or not the UK could still appear to go
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Tuesday morning thoughts
Tax in modern monetary theory: an explanation
Historically modern monetary theory placed too little emphasis on the role of tax in the economy. It’s my belief, explained here and here that tax and
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Keynes was right: newly created government money is the only route to economic recovery
I am grateful to Helen Schofield for drawing my attention to an open letter John Maynard Keynes wrote to President Roosevelt in 1933 on the
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Saturday morning thoughts
From my tweets this morning, best read from the bottom up on this occasion: With thanks to Helen Schofield whose suggestions provided my reading last
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How to pay for the Green New Deal
The Green New Deal is a recurring theme of mine, largely because I have been involved in it from the outset as one of the
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Replacing our existing economic heuristics is essential if we are to have any chance of recovering from this crisis
I think it fair to say that whatever we once thought we knew about economics, we no longer know. Saying so, I am not talking
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