Introduction In this first podcast style interview between me and Steve Keen, the author of ‘Debunking Economics’, Steve recounts how early encounters with neoclassical and
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Fiscal rules are not laws of economics. They are political straitjackets designed to stop change. Every Chancellor since Gordon Brown has used them to limit
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Some claim modern monetary theory (MMT) proves that tax doesn’t matter. They’re wrong. Tax is not about funding government spending—it’s about controlling inflation, creating demand
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I like supporting events that I think will be of interest to readers here, when I can. So, this is a shameless plug for an
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Politicians love to talk about “taxpayers’ money.” But here’s the truth: every pound in circulation is created by the government or banks licensed by it.
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As Andrew Bailey of the Bank of England noted yesterday when giving evidence in the House of Commons, interest rates are rising around the world
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Labour has an economic problem – and appointing Minouche Shafik as Starmer’s senior economic adviser will not fix it. Shafik represents the neoliberal technocracy that
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A new commentator left the following comment on this blog after my most recent video. They started with a quote from me: ‘And bonds in
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We put out this short version of this morning’s video this evening. Some might find the short version of use: Keynes vs MMT is one
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