Myth Modern monetary theory is just a bunch of lefty economists saying that we can borrow without limit and that tax does not matter because
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The scale of the economic crisis about to hit us is almost unimaginable
The FT has an article this morning that suggests that there will be at least 5 million people unemployed in the UK once the furlough
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The Deficit Myth by Stephanie Kelton
Stephanie Kelton’s new books is only a day or so from publication now: As Waterstones says of it: The leading thinker and most visible public
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Niall Fergusson misrepresented the truth about US Federal borrowing on Channel 4 last night
Stephanie Kelton was on Channel 4 News last night. I recommend watching. She is, undoubtedly, the best exponent of modern monetary theory that there is.
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The European Central Bank intends to cover the EU’s deficits with new QE: there will be no increase in net government borrowing in Europe
As the FT noted yesterday: The European Central Bank has added an extra €600bn to the bond-buying programme that it launched to support the eurozone’s
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The Basics of Modern Money
Thank goodness for the government’s ability to create money
I have just put out the following Twitter thread to address some of the nonsense being said about inflation risk today, and other comments that
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Funding government spending: an explanation
This is the third in my audio series on money. It explains how government spending is funded – and how this always involves the creation
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Why discussion of tax increases at this moment is so utterly unnecessary
There is something very strange going on in UK political discussion at present. As The Observer noted at the weekend, right-wing think tanks have all
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