The Guardian has published a question and invited other readers to answer it: The chancellor has borrowed an unprecedented amount of money. Who is lending it to him, and where did they get it?Sean Boyle, London The answer from Andrew, Richard and Neil is a genuine MMT answer and I recommend reading it. It was also […]
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I have been re-reading the Functional Finance and the Federal Debt paper this afternoon. There are crucial differences between Functional Finance Theory (FFT) and Modern Monetary Theory (MMT). Therefore, it (MMT) was not all in Lerner. Let me comment on FTT from an MMT perspective. source: https://de.wikipedia.org/wiki/Abba_P._Lerner#/media/Datei:Abba_Lerner.jpg The start of the paper is very promising: […]
Next week, the 2nd International European MMT conference will take place online. We start on Monday, Sep 13, with keynote speeches by Warren Mosler, Alla Semenova, Randall Wray and Zdravka Todorova. Tuesday we’ll have panels on unions and demand policy, inequality, Green New Deal and the political economy of fiscal policy. On Wednesday, we will […]
Having entirely unexpected cause to become acquainted with the subject, I learn that all main railway stations in Germany have their own police stations. At Bochum, you have to walk round the outside to find a door with a buzzer, which nobody answers. Heading back into the station, I approach the first pair of policemen […]
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Owing to travel to a place with very spotty internet…posting over the next couple of days will be light to non-non-existent, as will replies to emails. I hope you all are having a wonderful winter break so far.
A council has refused a family homelessness support as they are satisfied the mother has accommodation in a country riven by conflict and violence, Sian Norris reports
As is our annual tradition, we take a look back and present you once more with our most popular posts of the year. In case you missed any of them the first time round, the five most viewed posts for 2022 were: We hope you enjoyed the blog in 2022. Happy New Year and we … Continue reading Our top 5 posts of 2022
The world could vaccinate everyone who wants be vaccinated, but hasn’t. Vaccine apartheid tells us something about how the world is (or isn’t) responding to the climate crisis, too: But […]
Climate change, Ukraine – young activists are connecting the dots: Watch the video HERE. Read more here.