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NHS Now
MMT: how to funds the NHS (and other public services)
22 March 2023 by mmt.works
The NHS crisis The NHS has worked well over the decades, supposedly the envy of the world. So what has changed over the last 70-odd years? Simply: funding. What you need to know: Modern Money Theory (MMT) recognises that taxes

MMT full employment
MMT: Full employment and the Job Guarantee (JG)
17 March 2023 by mmt.works
What is the Job Guarantee? Modern Money Theory's (MMT) description of the economy leads to one of its core policies, that the government can guarantee full employment with decent pay (and benefits and annual leave). In other words: Under the

Government Debt = Nation's wealth
MMT: No black hole, no National debt
10 March 2023 by mmt.works
National Debt key points The National Debt is not a debt, it is not "owed" back The National Debt is money in the economy that has not yet been taxed back The National Debt represents our saving, the money in

Austerity kills
MMT: The alternative to austerity
5 March 2023 by mmt.works
Austerity is deliberate and manufactured by government. Austerity also kills. But economists have been aware of alternatives to austerity for nearly 50 years, that focus on people, and not financial markets. “There IS An Alternative To European Austerity: Modern Money

No taxpayers money
MMT: Taxes do not fund spending
1 March 2023 by mmt.works
Spend, invest and tax "There is no such thing as public money; there is only taxpayers' money." -- Margaret Thatcher (Speech to Conservative Party Conference, 14 Oct 1983) Thatcher's statement is nonsense! Taxes can not fund government spending: Tax due:

One Pound Coins
Modern Money Theory: Main points
23 February 2023 by mmt.works
Modern Money Theory can be quite complicated, for which it is recommended that you refer to additional articles. But the main points of MMT are as follows: Modern Money Theory (MMT) is descriptive MMT describes how the economy works, Although

More posts at mmt.works…

Posts from Richard Murphy at Tax Research UK

More from Richard Murphy @ taxresearch.org.uk

Posts from Bill Mitchell – Modern Monetary Theory

  • Japan’s municipalities disappearing as population shrinks
    on 29 April 2024 by bill

    I have just finished reading a report from the Population Strategy Council (PSC) of Japan – 令和6年・地方自治体「持続可能性」分析レポート (2024 Local government “sustainability” analysis report) – that was released last week April 24, 2024). The study found that around 40 per cent of the towns (municipalities) in Japan will likely disappear because their populations are in rapid…

  • Australia’s inflation rate continues to fall yet some bank economists think further interest rate rises are possible
    on 25 April 2024 by bill

    Yesterday (April 24, 2024), the Australian Bureau of Statistics (ABS) released the latest – Consumer Price Index, Australia – for the March-quarter 2024. The data showed that the inflation rate continues to fall – down to 3.6 per cent from 4 per cent in line with global supply trends. There is nothing in this quarterly…

  • IMF now claiming that Japan has to inflict austerity when the government’s current policy settings a maintaining stability
    on 24 April 2024 by bill

    It was only a matter of time I suppose but the IMF is now focusing its nonsensical ‘growth friendly austerity’ mantra on Japan. In a recent interview, the former Portuguese Finance Minister now in charge of the IMF’s so-called ‘Fiscal Affairs Department’, Vitor Gaspar claimed that Japan is now in a precarious position and must…

  • Signs of weakening in the Australian labour market
    on 18 April 2024 by bill

    Today (April 18, 2024), the Australian Bureau of Statistics released the latest – Labour Force, Australia – for March 2024, which shows that the labour market is weakening with employment falling and unemployment rising now that more normal patterns in behaviour after the holiday period disruption have returned. The good news is that full-time employment…

  • Why is Brussels supporting Ukraine?
    on 17 April 2024 by bill

    It’s Wednesday, and as usual I scout around various issues that I have been thinking about rather than write a consolidated analysis on one topic. Today, I consider the question of why the EU elites are spending billions supporting the Ukraine government against Russia. They claim that Russia poses a major threat to European freedom…

More Bill Mitchell @ billmitchell.org

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