Democrats romanticizing Clinton-era surpluses still don't get it.

All of the mess, the hysteria, the outrage, and the pain of Labour's welfare reform are down to the desire to stick to fiscal rules. scottishleftreview.scot/can-fiscal-rul…

Blame the neoclassical economists who predict death and doom for all those who do not seek the Holy Grail of a balanced budget.

It's funny to see left commentators taking on more #MMT talking points (independence of central banks, power of OBR, Fiscal Rules etc) as if it's all new! Slowly but surely. We are all MMTers now.

Or it could fix the fucking mess that has ensued as consecutive governments have followed the orthodoxy which Chris promotes.

Balancing the budget or targeting public purpose? You can only pick one. There is an alternative.

A very, very good summary of how and why we got into the position where the UK is 'unable to afford' £5 billion disability payments buy can pay £100 billion in interest payments to the already wealthy. #MMT

"She emphasized her credentials from previously working at the Bank of England and vowed to restore fiscal credibility to Britain after it was shaken by the tax and spending plans of the former prime minister Liz Truss." 100% politics, 0% economics nytimes.com/2025/07/02/wor…

Imagine a world where we created institutions that lead us to think that a nation can be held captive by people 'borrowing & lending' something (£s) that the government can create at will. What a dystopian world that would be.

Around 3,500 crofters have not confirmed that they are living within 20 miles of their croft as required by law. That is a serious concern. Absentee crofters, like absentee landowners, seldom give rise to vibrant rural communities. Action required... bbc.co.uk/news/articles/…

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Today, after 14 years, I’m resigning from the Labour Party. Jeremy Corbyn and I will co-lead the founding of a new party, with other Independent MPs, campaigners and activists across the country. Join us. The time is now. Sign up here to stay updated: actionnetwork.org/forms/join-tea…

In 2002, the rating agencies considered Japan less creditworthy than Botswana Bc its 140% debt to GDP ratio had “saddled the public spending capacity” of the GoJ 🤡 Yet, two decades later, the only bankrupt entity has been mainstream economics. Both morally and scientifically.

And why this is all a policy choice and other options are available? #MMT

Trump’s Beautiful Bill,” captures the violent nature of austerity: The billions stripped from food assistance, leaving 2 million poor Americans hungry, will fund detention centers, border surveillance, and next-gen military tech, all to secure profits for private shareholders.

Branko Milanovic When neoliberalism is written into the EU constitution, they really have “no alternative” until they remove the straitjacket. The constitution must be amended.

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You would imagine that just once, a mainstream channel or programme would host an economist with an alternative narrative on government finances and debt.

Richard Murphy: Benefits boost the economy. It's the rich who are the problem thenational.scot/politics/25289…

There’s a persistent myth that our government is somehow at the mercy of the financial markets and that it has to dance to their tune. This is most definitely doing the rounds this week, mainly as a result of Labour's mismanagement of its own party, and Rachel Reeves' subsequent