{"id":65178,"date":"2022-10-16T09:41:48","date_gmt":"2022-10-16T08:41:48","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=65178"},"modified":"2022-10-16T09:45:00","modified_gmt":"2022-10-16T08:45:00","slug":"the-danger-is-from-chancellors-who-want-to-balance-the-books","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2022\/10\/16\/the-danger-is-from-chancellors-who-want-to-balance-the-books\/","title":{"rendered":"The danger is from Chancellors who want to balance the books"},"content":{"rendered":"<p>It's great to be able to share a really good MMT <a href=\"https:\/\/twitter.com\/andyverity\/status\/1581236006166343680?s=66&amp;t=bleFz2Znas6XHD8WtjCNcw\" target=\"_blank\" rel=\"noopener noreferrer\">thread from Twitter<\/a> here, written by Andy Verity, who is a BBC economics correspondent:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-65179\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.21-550x286.png\" alt=\"\" width=\"550\" height=\"286\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.21-550x286.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.21-768x399.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.21-600x312.png 600w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.21.png 1300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-65180\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.38-550x581.png\" alt=\"\" width=\"550\" height=\"581\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.38-550x581.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.38-284x300.png 284w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.38-768x812.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.38-378x400.png 378w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.38.png 1298w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-65181\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.59-550x872.png\" alt=\"\" width=\"550\" height=\"872\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.59-550x872.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.59-189x300.png 189w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.59-768x1218.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.59-969x1536.png 969w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.59-1292x2048.png 1292w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.59-252x400.png 252w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.37.59.png 1298w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-65182\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.38.20-550x953.png\" alt=\"\" width=\"550\" height=\"953\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.38.20-550x953.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.38.20-173x300.png 173w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.38.20-768x1331.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.38.20-886x1536.png 886w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.38.20-1182x2048.png 1182w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.38.20-231x400.png 231w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.38.20.png 1288w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-65183\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.39.18-550x821.png\" alt=\"\" width=\"550\" height=\"821\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.39.18-550x821.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.39.18-201x300.png 201w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.39.18-768x1146.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.39.18-1029x1536.png 1029w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.39.18-268x400.png 268w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-09.39.18.png 1292w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/p>\n<p>Economists from the left are lining up to attack Andy Verity for writing this. I hope he sticks to his guns, because he's right.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s great to be able to share a really good MMT thread from Twitter here, written by Andy Verity, who is a BBC economics correspondent:<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2022\/10\/16\/the-danger-is-from-chancellors-who-want-to-balance-the-books\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,174,106],"tags":[],"class_list":["post-65178","post","type-post","status-publish","format-standard","hentry","category-economics","category-modern-monetary-theory","category-politics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/65178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=65178"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/65178\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=65178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=65178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=65178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}