MMT Economists on Taxation
A set of reference taxation quotes from MMT economists
Mmt
The Basic Income Illusion
Basic income is a monetary illusion. Here’s how the trick is done and why it always fails.
Why Tax Matches Spending
A bit of multiplier maths so you can impress the neoliberals
The 'Too Much Money Chasing Too Few Goods' Myth
Nothing shows up the bankruptcy of mainstream economic education more than its soundbites
Budget Day 2021
It’s budget day here in the UK, and traditionally that means commentators write what they would do instead. Here’s the MMT view
The Only Bonds We Need Are Granny Bonds
There is no justification for paying public funds on government securities. Welfare payments should be democratically targetted, not market purchasable.
UK Government Spending - The Gory Details
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.
Uber Under a Job Guarantee
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.
Starmer's Bonds Won't Raise a Single Extra Penny
Bonds have already been sold to hoover up the money. So selling more bonds will just hoover up the previous bonds. Why pretend otherwise?
UK Borrowed Foreign Currency from the IMF in 1976
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