ChrisB

A must attend event for all MMT fans!

Finally, a group that will tell it how it is on economics.
#MMT

The death of the NHS? Or the death of neoliberalism? Your choice. A recent article posted on Medium predicts the NHS is going to die because it is unaffordable. Sadly that rather long article displays…

NHS
We can't afford the unaffordability myth... #MMT
medium.com/@malcolmreav...

Why do so many #Marxists dismiss #ModernMonetaryTheory as capital apologia? #MMT is a lens, not an ideology! #JobGuarantee is a superior path vs #UBI to build #WorkingClass power. Ep. ft. @_awda_ drops Sat. 1/24 @ 8AM ET. Find all our ep. @ realprogressives.org/macro-n-cheese/

Not an Economic Question but a Question about Economics Why Can’t We Discuss MMT?

MMT threatens vested interests in the economy and in economics, that's why we can't talk about it.

This is great from @spborden.bsky.social #MMT

open.substack.com/pub/susanbor...

This old article misrepresents MMT's Job Guarantee by conflating design choices with economic constraints. Currency-issuing governments aren't limited to minimum-wage make-work - they can set living wages and fund meaningful public purpose work. Sorry. #MMT
mmtaction.com/articles/sha...

Essential reading on the Job Guarantee. The best way to support the unemployed in society. #MMT

There is an alternative. The “Household Budget” A Multidisciplinary Deconstruction of a Prevailing Narrative

The "Govt as Household" & "Taxpayer Money" analogies have sat at the apex of economic narrative for 50 yrs. What can be done?
Dismantling this narrative requires a strategic, multidisciplinary counter-offensive that builds a more accurate & equally compelling story.
substack.com/@mmtmichael/...

Five Generations, One Betrayal Every generation inherits not just the physical infrastructure of its predecessors but a set of assumptions about what is economically possible. In post-war Britain, those assumptions have shifted so dramatically that grandparents and grandchildren now inhabit entirely different economic universes while sharing the same national space.

Every generation inherits not just the physical infrastructure of its predecessors but a set of assumptions about what is economically possible. #MMT

This is an excellent read, well worth the time to digest... #MMT

TEMPORARY SUSPENSION OF NEW YEAR ISSUANCE AND IMPLEMENTATION OF TEMPORAL AUSTERITY MEASURES

#MMT_UK #MMT

Touch Grass, Touchscreens, and Public Design By Will Beaman A small design story from May 2025 has been making the rounds on my newsfeed: car manufacturers, after years of migrating controls onto touchscreens, are re-embracing physical button…

✨ New Essay! ✨

@greenbackbetter.bsky.social argues that the current turn toward the analog isn't simple nostalgia. It's a rejection of design as inevitable. From frictionless UX to balanced budgets, it's time to stop treating the politics of design as natural constraints.

Please read & share! 👩‍💻 🙌

Get back to the ivory tower Jonathan. Sorry for disturbing you.

YouTube video by Journeyman Pictures The secret history of Neoliberalism | The Invisible Doctrine | Full Film

Delighted to hear that The Invisible Doctrine, the film by @peterhutchison.bsky.social and @lucas-sabean.bsky.social, is being offered free to view on YouTube for the holiday season. It's all yours! youtu.be/gR4eSEetKP0

This isn't about not doing "the hard work." It's about noticing that your rule treats deficit levels as something to target, which means treating them as constraints. That's the bit you haven't explained.

Calling something "silly and boring" isn't an argument. If you've "repeatedly" explained the household analogy is wrong, why support a fiscal rule that treats deficit levels as the constraint rather than real resources? That's the household analogy with extra steps.

MMT questions I was asked this question in an email this morning: I came across your MMT videos and really enjoyed them and have become really intrigued by MMT. I had a couple of questions if you were able to help...

Interesting.
@richardjmurphy.bsky.social disagrees:
"the issue here is not accounting. It is whether economists are willing to be honest about how the system works, and then argue openly about how it should be used. Portes does not seem to want to do so."
www.taxresearch.org.uk/Blog/2025/12...

Government spending already creates money. Gilt sales drain reserves that spending put there. This isn't "print vs borrow" - it's whether to offer savers a term deposit afterwards. You called this "just accounting." Now it's "dangerous BS." Which is it, Jonathan?

"Standard economics" to "dangerous BS" in one thread. Pick one. And if the household fallacy is irrelevant, why has "how will we pay for it" dominated every fiscal debate while serious economists stayed silent?

"Just printed money" - government spending already creates money. Gilts drain reserves spending already injected. You're not choosing print vs borrow; you're choosing whether to offer term deposits after. This is the accounting you called uninteresting.

The Trussonomics smear is lazy and you know it. MMT economists opposed those tax cuts precisely because the framework says: look at real resource constraints and distributional effects, not deficit numbers. Kwarteng's budget failed on both counts. That's the MMT critique. Try engaging with it.

"Just accounting" as if accounting identities don't constrain economics.You're sharing a passage that says it wasn't solvency risk while claiming no serious economist ever said it was. The entire post minibudget discourse was bond vigilantes & fiscal punishment. Were you correcting that at the time?

What’s wrong with MMT? As Marc Lavoie and John Quiggin have noted, there are ‘two MMTs’. Scholars such as Randy Wray, Eric Tymoigne and Scott Fulwiler have contributed to debates on monetary economics, instit…

Neither new nor wrong but still he links to an article titled "What's Wrong with MMT"

The mask slipped there, Jonathan.

The End of Profit Two forces are converging on the global economy. AI is driving the cost of cognition toward zero. Climate change is driving the cost of physical stability upward. Together, they dissolve the foundations of the market economy we inherited. In the emerging economy, what matters is access to resources and the capacity to manage risk.

AI eliminates the value of thinking. Climate change increases the cost of surviving. Private markets can't profit from either end.

New post: what happens when these forces collide, and why governments will inherit the economy whether we plan for it or not.

Might as well give up now then! 😆

This is an incredibly powerful depiction of life in the UK under an #MMT economic lens. If only sceptics could open their minds to appreciate this view.

The case for Zack Polanski's economic plan The Green Party leader's recent arguments sound a lot like Modern Monetary Theory

Thank God for that! The first reasonable article about #MMT and @zackpolanski.bsky.social 's fresh take on the economy. Well done @newstatesman1913.bsky.social
www.newstatesman.com/politics/gre...

YouTube video by Richard J Murphy Rachel Reeves’ budget: Who really governs Britain?

@richardjmurphy.bsky.social in his usual clear and reasoned way, critiques Rachel Reeves' budget for 'managed decline' and explains how she could instead have made life better for all, if she had had the courage to do so.
youtu.be/6pTpT_uB_4M?...
#MMT #NeoliberalMyths

How will the government fund scrapping the two child benefit cap? Talks about the fact it's important to remember public finances are not like household finances.

Isn't it refreshing when someone actually does nuance and detail?

H/t @andyverity.bsky.social at the BBC!

Fantastic to see an economics reporter accurately reporting economics… #MMT