"The first detailed institutional analysis of the UK Government’s expenditure, revenue collection and debt issuance processes. We show that public expenditure is always financed through money creation rather than taxation or debt issuance." papers.ssrn.com/sol3/papers.cf…

Tîm Foxon, Eric Kemp-Benedict, Dirk Ehnts and Josh Ryan-Collins. Panel discussion "Government borrowing for Net Zero carbon investment: What are the real resource constraints?" #MMTUK24 #macroeconomics #ClimateCrisis

"What is MMT? Logic, description, theory or paradigm?" Panel discussion with L Randall Way, Paulina Tcherneva, Yan Liang, Eric Tymoigne and Stephanie Kelton #MMTUK24 #macroeconomics

Lord spare us the farce of the King's Speech. As they say fine sounding words butter no parsnips and the devil will be in the detail if indeed there is any detail. But the fact is while Reeves maintains her fiscal rules, and shifts fiscal responsibility to the OBR to ..../

Warren Mosler presents "How to Deep Six/Bin Off the Financial Sector #MMTUK24

And finally, Christian Reilly gives us a song! #MMTUK24

They said the revolution won't be televised... I beg to differ 👇🏼 youtu.be/zHovm6TZ0Z8?fe…

Presentation slides from the UK MMT Conference held in Leeds this week #MMTUK24 gimms.org.uk/2024/07/19/uk-…

A poverty taskforce? Just exactly why we need one is a mystery. We don't need an investigation into how poverty occurs we need a gvt to do what only it can do, spend enough money to improve public services, tax the richest, not to fund it but for redistributive equity in .../

So, as Gordon Brown opens another multibank to mitigate for the consequences of 14 years of austerity policies, and advocates promote it as a valuable tool in the fight against poverty as if somehow it appears out of nowhere, Keir Starmer claims that poverty is a 'complicated ../

Quote from Billyblog Oct 23. Seems very relevant. "Leading the ‘de-risking’ charge has been the so-called Bidenomics in the US, with its central theme of promoting infrastructure development by reducing the risk for private investors. ..../ billmitchell.org/blog/?p=61223

Housewife Reeves doing the sums again. You can guess where this is going. Justification for higher taxes perhaps or cuts to spending on vital public infrastructure? But 'fixing the foundations of the economy' isn't about fixing the public finances first. It's about gvt../

While economists and non economists argue the toss about the validity of MMT, or try to rewrite its principles, the existential crisis of climate change continues to bear down on us, poverty and inequality rise across the world, public infrastructure .../

For who? Certainly not for those who were receiving winter fuel allowance but now won't, or those affected by the two-child benefit cap and the scrapping of the planned changes to social care arrangements. All on the basis of the lie about a £22bn black hole in the public .../

ali culbertson🌹 Charles Martel No, constant anger is exhausting. Politeness is actually quite relaxing and does keep the door open to dialogue. Uncontrolled anger slams it shut.

You don't fix the foundations with austerity. You don't fix the foundations by punishing those with the least. You don't fix the foundations by ordering gvt departments to find 'savings', (cuts are the operative word.) You don't fix the foundations by claiming that there is ../

“Although you can never run out of money on your super-platinum credit card, you can run out of real things to buy. You must make sure you use the money wisely in a manner that encourages the production of real stuff.” - Neil Wilson #MMT gimms.org.uk/2022/01/18/gov…

Submission to the “Sustainability of the UK’s national debt” Inquiry gimms.org.uk/2024/09/15/sus…

On Tuesday (September 10, 2024), the UK House of Lords Economic Affairs Committee released their first report for the Session 2024-25 on Sustainability of the National Debt. “Report starts with false premises and then just repeats conventional fictions” billmitchell.org/blog/?p=61999