Recent Posts on Modern Money Theory
Posts from Richard Murphy at Tax Research UK
- Accounting Streamson 1 December 2023 by Richard Murphy
I believe in full disclosure here, so it is appropriate to note that I am a director of this new company, which was incorporated yesterday: Read the full article...
- UK taxes paid by type 2022-23on 1 December 2023 by Richard Murphy
I write this as part of the background data for the Taxing Wealth Report 2024 that I am now working on and thought it worth Read the full article...
- The Tory civil waron 1 December 2023 by Richard Murphy
The FT has a headline this morning that says: It is, of course, glaringly obvious that the UK prime minister should not reduce the country’s Read the full article...
- What do you want to leave your children?on 1 December 2023 by Richard Murphy
I out this poll out on Twitter yesterday morning, and it closes soon: The question is, I think, binary. There is no way that we Read the full article...
- Why is the state paying interest to banks on money the state created?on 30 November 2023 by Richard Murphy
My old friend, Prem (Lord) Sikka said this in the House of Lords yesterday when discussing the Autumn Statement. I think the whole section of Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Inflation falling sharply in Australia while the RBA still is out there threatening rate riseson 29 November 2023 by bill
Yesterday (November 29, 2023), the Australian Bureau of Statistics (ABS) released the latest – Monthly Consumer Price Index Indicator – for October 2023, which showed a sharp drop in inflation. This release resolves some of the uncertainty that arose when the September-quarter data came out last month, which showed a slight uptick. I analysed that…
- Changes to RBA Act will further entrench the depoliticisation of economic policy and reduce democratic accountabilityon 29 November 2023 by bill
Today, I consider the latest development in the entrenchment of neoliberalism in the Australian policy sector, specifically, the latest decision by the Treasurer to excise his powers under Section 11 of the Reserve Bank Act 1959, which allowed the Treasurer to overrule RBA policy decisions if they considered them not to be in the national…
- UK Autumn Statement is appalling and ties the hands of Labour – the voters face a Hobson’s choiceon 27 November 2023 by bill
Last Wednesday (November 22, 2023), the Tory government in Britain released their fiscal update known as the – Autumn Statement 2023 – which basically sets the course of fiscal policy in the UK for the period ahead. The Tories continue their appalling record. But they have also locked Labor into an austerity mindset. Meanwhile, neither…
- Letter from The Cape Podcast – Episode 19on 24 November 2023 by bill
Episode 19 of my – Podcast – Letter from The Cape – is now available. Coming today from The Cape, Victoria, Australia. In this episode, I discuss the mess that privatisation and public-private partnerships have created. I note that these arrangements were all justified by the claim that the governments had run out of money…
- The Smith Family manga continues – Episode 6 is now availableon 24 November 2023 by bill
Episode 6 in our new Manga series – The Smith Family and their Adventures with Money – is now available. Have a bit of fun with it and circulate it to those who you think will benefit … The Smith Family are a middle-class family living in a city somewhere in the world. The second-generation…
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