Debunking myths
Thursday, June 21st, 2018Stephen Fergusson, who wrote the comment I reposted on MMT and football league points, has provided another interesting comment in which he has pointed to
Read the full article…
The government is like the Football Association - there is no limit to the number of points it can issue
Monday, June 18th, 2018Commentator Stephen Fergusson has written this on the blog in response to the discussion on the ‘household analogy’ of the economy. It reflects comments made
Read the full article…
Tax revenue means 'to bring the money back', just as MMT implies
Monday, June 18th, 2018This is fascinating. What it shows is the etymology of the word revenue: As a commentator, using the name Calgacus, said in a comment on the
Read the full article…
The household analogy
Friday, June 15th, 2018I felt it worth sharing more widely this comment made on the blog by Adam Sawyer yesterday. It resulted from the discussion on rebranding economics:
Read the full article…
Tax Research elsewhere
Monday, June 11th, 2018There’s a curious feature of this blog, which is that if I write about tax no one much bothers to read it. Or, at least,
Read the full article…
MMT: economics for an economy focussed on meeting the needs of most people
Sunday, June 10th, 2018David Howdle posted a comment on this blog in which he said: Professor Murphy, thank you for your thoughts which I find most interesting. I
Read the full article…
We've known what money is for more than a century and still we suffer from the myths
Tuesday, June 5th, 2018I liked this comment from John S Warren on the blog yesterday: The most elegant, simple and useful short definition of money, and the purpose
Read the full article…
The absence of customers with money to spend is going to change the economic order
Monday, June 4th, 2018Andy Crow suggested why neoliberal austerity might end in a comment posted on the blog overnight. He said: Businesses need customers with money to spend.
Read the full article…
It's time the world's economists woke up to reality
Sunday, June 3rd, 2018Martin Sandbu wrote two articles in the FT last week (very paywalled) that look at issues arising from this weekend’s referendum in Switzerland on banking reform.
Read the full article…