Some claim modern monetary theory (MMT) proves that tax doesn’t matter. They’re wrong. Tax is not about funding government spending—it’s about controlling inflation, creating demand
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Discussing quantum economics, accounting, money and more
As I mentioned yesterday, I went to Cambridge for the day. This was partly to recover my MacBook, which had been in for repair, although
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Observing the mess
It is a morning when there could be much to say. Keir Starmer’s government is in a mess. His reshuffle was forced upon him, and
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Stablecoins could crash our economy
Stablecoins are being sold as safe, secure cryptocurrencies. In reality, they are shadow banking in disguise – with the same risks that nearly destroyed the
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Rayner quits
Angela Rayner has quit Labour, brought low by her failure to pay the right stamp duty on the purchase price of her flat in Hove.
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Accounting at the top of the world
Department of War, or should it be Peace?
As the BBC reports: US President Donald Trump is directing that the Department of Defense be known as the Department of War. He will sign
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The TUC says the public support higher taxes on wealth
The TUC published this press release yesterday, and I am going to share it as they published it, because I think it is interesting enough
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Modern Money Lab UK – Bristol – 12/13 September
I like supporting events that I think will be of interest to readers here, when I can. So, this is a shameless plug for an
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