Labour found £6 billion in the last week to buy 166,000 houses for the Ministry of Defence. The spending wasn’t budgeted, so how did it
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I have already noted this morning the imminent shutdown of the US Federal government as a result of Trump and Musk demanding that the US
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The Bank of England knows that all money is created by lending. It has published papers that confirm that fact. They must, as a result,
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I was surprised to see Novara Media publish an interview with Stephanie Kelton on modern monetary theory as historically they have been very resistant to
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Some people seem to think that modern monetary theory (MMT) is a set of policy options a country might adopt. It isn’t. It’s a description
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It’s said that states that have suffered hyperinflation prove that modern monetary theory (MMT) is not true. However, the exact opposite is the case. They
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Stephanie Kelton’s new film, Finding the Money, is finally available to rent. You can do so for £2.99 from here. The film’s website is here:
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Most people assume that we tax to fund government spending, but we don’t in economies like that we have in the UK. Instead, we have
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Some people argue that modern monetary theory is irrelevant or that it changes nothing. They’re wrong. MMT fundamentally reframes the power relationships within our economy,
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