Andrew Rawnsley wrote this in The Observer this morning: Nigel Farage can promise the moon on a stick. Sir Ed Davey can oppose every tax
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The economics of independence
I got this note through yesterday from William Thomson, who co-runs something called Scotonomics, for whom I have recorded on a number of occasions, because
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Steve Keen on Bill Mitchell’s absurd claims on the economics of trade
In one of Steve Keens’s latest Substack posts, he has this to say: Steve then proceeds to demolish the absurd notion that Bill Mitchell and
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Money is just made up
People think money is real, mysterious and valuable. They still think gold is involved in the process. It’s actually nothing like that. It’s nothing more
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My approach to MMT – the AI version
This is another AI (ChatGPT) generated summary of my thinking. I asked it to discuss my approach to modern monetary theory. The following text is
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Musk has discovered modern monetary theory
This is so funny: As Stephanie Kelton has also noted on Substack, Musk has discovered that the US government does, when it spends, create money
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Why is there always money for war?
There is always money for defence spending. As Europe has discovered, mention security and money can be found. €800bn was in the EU at a
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Getting modern monetary theory right
I wrote a piece that might have upset some supposed modern monetary theory (MMT) supporters yesterday, making clear by doing so that I thought they
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It’s time that the left’s nitpickers got real
I think it’s time to admit to something. I am finding quite a lot of things about blogging and posting videos quite hard at present.
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