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Re-posted with kind permission from Progressive Pulse 14th October 2014 Authors:

David Laws, Consultant Anaesthetist, City Hospitals Sunderland NHS Foundation Trust, Sunderland, Tyne & Wear, SR4 7TP…

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Economics

MMT, Tajikistan and foreign bond investors

One criticism of Modern Monetary Theory (MMT) that I hear very often is that it applies only to the US or the countries with hard currencies that can issue bonds on international bond markets. 184 more words

Macro

Fallacies of Modern Monetary Theory (MMT)

Fallacies of Modern Monetary Theory (MMT)

Taxation does not fund government spending

It does! Governments can fund public spending in just three ways: 

  1. Through taxation;
  2. 197 more words
Taxation

KEEPING REDUNDANT WORKERS CHEAPER FOR MMT - BOARD CHAIR

The Metro Mass Transit (MMT), cannot go ahead with the planned layoff of 1,200 workers because of the high cost involved in the retrenchment process. The lay off was deemed necessary because it has 3,600 workers operating a fleet of 430 buses currently on the road. 382 more words

News

KEEPING REDUNDANT WORKERS CHEAPER FOR MMT - BOARD CHAIR

The Metro Mass Transit (MMT), cannot go ahead with the planned layoff of 1,200 workers because of the high cost involved in the retrenchment process. The lay off was deemed necessary because it has 3,600 workers operating a fleet of 430 buses currently on the road. 382 more words

News

Modern Monetary Theory Explained on Majority Report Podcast

Economics professor Stephanie Kelton discusses Modern Monetary Theory (MMT) on this episode of the Majority Report. Kelton explains why the world didn’t explode moments  after leaving the gold standard, and why we need to update the way we think about money in a post-gold economic system. 53 more words

Economy

Shadows For Sale

At the end of every seven years you shall grant a remission of debts. “This is the manner of remission: every creditor shall release what he has loaned to his neighbor; he shall not exact it of his neighbor and his brother, because the LORD’S remission has been proclaimed.

1,602 more words
Marxism