Time and again, I am being told at present that money creation — which is what Modern Monetary Theory (MMT) quite correctly says happens every
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There is a stock criticism of Modern Monetary Theory (MMT), or modern money as I would rather call it, that goes something like this: MMT
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I woke late this morning. I can’t recall the last time I woke after 8.00. Jacqueline decided I needed to sleep and let me lie
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Rachel Reeves’ Budget was a damp squib, delivering austerity by stealth. There was no vision, and no investment. There was just fear of the City
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“Modern monetary theory (MMT) is dangerous nonsense.” That line, or something very close to it, is now appearing with weary regularity from left-wing economists and
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We published my alternative budget as a PDF download on Wednesday. Six hundred people have accepted our invitation to download it for free, and some
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Rachel Reeves’ Budget this week has several themes. She gave the City what it wanted. She spent almost nothing on anything that might add value
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For those wanting a slightly more Scottish spin on the Budget, this was my interview for The National, yesterday:

For more than 45 years, the UK has suffered not one, but two economic curses: the resource curse and the finance curse. Both were chosen,
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