Tags » Mmt

ISIS, Taxes & Strategy

23 November 2015 – The news just doesn’t ever seem to get any easier to watch, does it?  With the horror of terrorism and the insanity of our nation quaking in fear at the prospect of extending our hearts to the very people who have fled the terrorists we so despise, it has been a long week. 397 more words

Fiscal Policy

The Job Guarantee, MMT and the Redistribution of Wealth

One important component of MMT is known as the Job Guarantee (JG) or sometimes the Employer of Last Resort (ELR) . The idea is an unemployed worker would be offered a job by the Government instead of unemployment welfare benefit. 911 more words

MMT General

Where does the Money come from in a Monopoly game?

It has been some time since I last played Monopoly. The Board Game.  As I remember we have several players and a banker who assumes a similar role to government in our economy. 183 more words

MMT General

Do we really have austerity economics in the UK?

Many right wing commentators make the point that public spending is higher now than under the last Labour Government in both real and nominal terms. They dispute the charge made against the present government by the left that they are engaging in the ‘austerity economics’.   817 more words

MMT General

Balancing Budgets: The Austerity Dogma

By John Weeks, previously published here on Piera

Twitter: @johnweeks41

The Austerity dogma of George Osborne asserts that a negative balance between public revenue and overall public spending (deficit) is a problem requiring immediate policy measures to eliminate it. 

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Redcar steelworkers pay UK tax. Chinese Steelworkers don’t.

By Peter Martin Twitter: @petermartin52

An economic and political discussion usually and rather quickly gets around to a discussion on “the deficit”.

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Jacobin both good and bad

I guess that I should really get a subscription, given how often I read JacobinMag nowadays. This morning, for instance, I read a piece where they point towards the role of the Netherlands as vanguard of everything that’s wrong in the Eurozone (and much of the industrialized world), as a tax haven: 1,212 more words

Belief Systems