MMT

A balanced deficit

3 weeks ago
The word "deficit" sounds bad. At the individual level, it is - consistently spending more than you earn means spiraling debt, misery and likely a pretty shit outlook. But a government that issues its own currency isn't like a household, so does a deficit matter?

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The rest is motivated reasoning

3 weeks ago
In which Rory Stewart is revealed to be a bit of a tit in spite of his 'sensible centrist charade

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Bank loans vs Government spending

3 weeks ago
In a previous post we saw that governments can create money without borrowing or taxing first. But they're not the only money creators - banks do it too, just in a fundamentally different way.

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The Borrowers

4 weeks ago
The Goverment doesn't need to borrow in order to spend. So what is that thing everyone calls borrowing then?

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So what the hell does tax do then?

1 month ago
What is tax for if not for funding spending on public services? If we don't need it to pay for things then why do we have taxes at all?

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The myth of taxpayers money

1 month ago
Where does it come from, where does it go? Where does it come from, taxpayers dough.

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Your country is not your home

1 month ago

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