George Bailey saves Bedford Falls—again! This blog reimagines the bank run with a deeper dive into the monetary system, as George uses his newfound financial savvy to outwit Mr. Potter, keep the town afloat, and still make it to his honeymoon.
Is the BBC following the recommendations from the Blastland and Dilnot report? Let’s use a bit of AI magic and find out
The programme schedule is now available on the conference website. This year’s conference has managed to gather the MMT founders and thinkers in one place, promising engaging talks and insightful panel discussions. By attending, you can deepen your understanding of Modern Monetary Theory, network with fellow MMTers, and gain valuable insights into current economic debates. With limited tickets remaining and time running out, secure your spot today. Visit the website to sign up now. ...
Two titans of UK politics face off over government interest payments, while completely missing the obvious answer: stop giving rich people free money
Spending only happens if there was something to buy. If that spending is then deficit spending it has a lower inflationary impact than spending that is tax-matched.
Time for another exercise in mythbusting. It turns out it is very difficult for something that cannot move to fly. Who knew?
There is no risk that interest rates on UK government debt will reach crippling levels. Interest rates are policy variables. Paying interest is a political choice. Betteridge’s law of headlines applies.
Here’s the real reason ‘asset managers’ object to ‘printing money’
The Asset Purchase Facility has landed HM Treasury with a ~£90 billion bill over the next two year. This paper lays out an approach that requires no further vote funding from Parliament, no additional debt interest payments, and restores “postive cash flow” from the APF for the remainder of this Parliament.
Once intra-government transactions are eliminated, QE represents an exchange of gilts (liabilities of the National Loans Fund) for central bank reserves (liabilities of the Bank of England)