by Alan Hutchison Published on Matches in the dark 18th October 2018 · Updated 20th November 2020 Understand spending chains and you understand a fair chunk of Modern Monetary Theory. …
The post Spending chains and Sankey diagrams appeared first on The Gower Initiative for Modern Money Studies.
by Alan Hutchison · Published on his Matches in the dark website on 27th September 2018 · Updated 20th November 2020 Most people in the UK, both on the Left …
The post Tax people, not corporations appeared first on The Gower Initiative for Modern Money Studies.
Cutting petrol tax to bring down the cost of living used to be the political version of a joke. Failed US presidential candidates John McCain and Hillary Clinton both tried it in 2008. Their bipartisan advocacy of a “summer gas tax holiday” was derided as dumb, a turkey and a “metaphor for the entire campaign”.
When 230 economists released a letter opposing it in 2008, Clinton said: “I’ll tell you what, I’m not going to put my lot in with economists”.