{"id":75327,"date":"2024-05-04T07:28:36","date_gmt":"2024-05-04T06:28:36","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=75327"},"modified":"2024-05-04T07:28:36","modified_gmt":"2024-05-04T06:28:36","slug":"just-dont-ask-an-economist-how-the-government-funds-itself","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2024\/05\/04\/just-dont-ask-an-economist-how-the-government-funds-itself\/","title":{"rendered":"Just don\u2019t ask an economist how the government funds itself"},"content":{"rendered":"<p>This Tweet, on which I commented yesterday, is doing the rounds right now in connection with Stephanie Kelton\u2019s new book. The level of very basic confusion on display as to how the government\u2019s money system works is really quite staggering.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This is so funny - the Chair of the Council of Economic Advisers to Biden very clearly has no idea how many works in the economy, but wants to condemn modern monetary theory for explaining it entirely straightforwardly. <a href=\"https:\/\/t.co\/Ld7UU7W208\">https:\/\/t.co\/Ld7UU7W208<\/a><\/p>\n<p>&mdash; Richard Murphy (@RichardJMurphy) <a href=\"https:\/\/twitter.com\/RichardJMurphy\/status\/1786472478765687134?ref_src=twsrc%5Etfw\">May 3, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Sorry - but I cannot find another way to link the video.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This Tweet, on which I commented yesterday, is doing the rounds right now in connection with Stephanie Kelton\u2019s new book. The level of very basic<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2024\/05\/04\/just-dont-ask-an-economist-how-the-government-funds-itself\/\"><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],"tags":[],"class_list":["post-75327","post","type-post","status-publish","format-standard","hentry","category-economics","category-modern-monetary-theory"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/75327","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=75327"}],"version-history":[{"count":3,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/75327\/revisions"}],"predecessor-version":[{"id":75339,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/75327\/revisions\/75339"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=75327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=75327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=75327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}