Is Modern Monetary Theory just Keynes rebadged? Many think so—but they’re wrong. This video compares Keynesian ideas on borrowing and balanced budgets with MMT’s claim
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The story goes that if Britain were to adopt modern monetary theory, the bond market would revolt. The truth is the opposite. In this video,
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MMT describes how government spending and taxation work in fiat currency economies: no more, and no less. In this video, I explain why critics often
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I took time to think yesterday, as I said I would. The idea I came up with is this: Money is like light. Sometimes it
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Politicians tell us the UK is “borrowing too much” and faces a “debt crisis.” That’s wrong. The government creates the pounds it spends, and what’s
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One of the most important things to understand about how government finances work is that in a country like the UK, which issues its own
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As many readers will know, I was birdwatching at the weekend, with two nights spent away at Snape, in Suffolk. Amongst the matters discussed between
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The Parable of the Tokens and the Common Wealth By Cliff Published with permission In a land surrounded by mountains, there was a village where
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Politicians love to talk about “taxpayers’ money” –  but that’s a myth. In this video, I explain why your taxes do not fund government spending,
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