Quotes from Henry Ford’s autobiography on the nature of wages
Vitamin D personal experiment - update after the winter
It’s budget day here in the UK, and traditionally that means commentators write what they would do instead. Here’s the MMT view
There is no justification for paying public funds on government securities. Welfare payments should be democratically targetted, not market purchasable.
Precisely how Parliamentary authority to spend ends up as a payment in somebody’s bank account, including the banking transactions that occur across the Government Banking Service to make that happen.
Six years in court to get the minimum wage isn’t acceptable. People need a guarantee of a living wage job. Here’s how Uber would fare againt a Job Guarantee.
Bonds have already been sold to hoover up the money. So selling more bonds will just hoover up the previous bonds. Why pretend otherwise?
The much vaunted IMF crisis in the UK was because the government violated an MMT golden rule: government must not borrow in a foreign currency
Everybody wants to see tax rises, except the British economy. How can we do both?
When using bookkeeping tools to do stock/flow analysis, it’s important to remember that we are just doing debits and credits and summing them up into stocks of debits and credits. We are using the tools of journals and balance sheets to do economic analysis.