{"id":91072,"date":"2026-03-22T09:40:10","date_gmt":"2026-03-22T09:40:10","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=91072"},"modified":"2026-03-22T09:42:06","modified_gmt":"2026-03-22T09:42:06","slug":"the-morning-after","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/03\/22\/the-morning-after\/","title":{"rendered":"The morning after"},"content":{"rendered":"

Yesterday's Scottish economic festival in Leith was very good, went well, offered suggestions for development, and was quite exhausting, as it involved a lot of (to use the term Jacqueline and I have developed for such occasions) \"peopling\".<\/p>\n

Saying so, as I said at the time, I am very grateful to all those who came to this event. I never set out when I started to first think about money, taxation, economics, well-being and the relationship between them, to end up appearing at events, or to receive rounds of applause, let alone to be greeted by a great many people, some of whom\u2018s names I knew, who treated me like an old friend because as one of them put it to me when we were in the loos \u201cwe\u2019ve seen you so often you seem like an old friend that we know\"<\/p>\n

I appreciated that sentiment and enjoyed meeting everyone. So many questions were asked, some of which I\u2019m going to have to reflect on before responding.<\/p>\n

There were also some serious heavyweight thinkers on MMT present. As I\u2019ve already noted, Warren Mosler<\/a> was one of those; Patricia Pino was another. Warren shared what I think are new insights on his view of imports and exports, virtually turning his position on its head by making it a political-economic, and not an economic claim, whilst with Patricia and others, the job guarantee was the issue of debate. I will be discussing both here in due course, but not this morning. Warren has agreed to do a podcast. I may be inviting others, because, in social media terms, as Warren pointed out, I am the biggest proponent of MMT that there is.<\/p>\n

Today, though it is time for eider duck in the sea (this was earlier this morning, and they are just beyond the first rocks:<\/p>\n

\"\"<\/p>\n

The beach was totally deserted then:<\/p>\n

\"\"<\/p>\n

And then it was time for a rare treat for me, an actual copy of The National\"\"<\/p>\n

With coffee in my new mug, acquired yesterday:<\/p>\n

\"\"<\/p>\n

And now, time for a second walk of the day and some more reflection.<\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday’s Scottish economic festival in Leith was very good, went well, offered suggestions for development, and was quite exhausting, as it involved a lot of
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