Even more evidence that Positive Money is embracing MMT

To start at the end of Positive Money’s latest article “It is promising that MMT (Modern Monetary Theory) is gaining traction in every corner. We greatly enjoyed attending both [MMT] events and have only warm expectations about working together to design a better, healthier, fairer economy.” “Positive Money (PoMo) has long advocated using public money… Read more

Betrayals

There is one aspect of betrayal that is that of our current Prime Minister who, less than two months before the referendum, gave a remarkably sensible speech on EU membership at the Institute of Mechanical Engineers. On the basis of its contents she has certainly betrayed the country and probably herself, but not perhaps (yet)… Read more

The IMF have suddenly discovered both the price of everything and the value of nothing

The FT has reported that the IMF says that “Cash-strapped governments could find a huge new source of revenues if they managed their assets more professionally” Those presumably will be the ones that the IMF was previously in favour of not just managing, but privatising. “The potential receipts, equivalent to an average of 3 per… Read more

Police not investigating the misdeeds of Leave because of ‘political sensitivities’?

I think all of those interested in the Rule of Law should look at this ‘Open Democracy’ Article here. If the Metropolitan Police really are not investigating the misdeeds of Leave because of ‘political sensitivities’ we must consider whether or not we are in a country where the Rule of Law prevails or whether in… Read more

US regulatory food incompetence

Just in case anyone was subdued into acceptance of the idea that the USA food system functions well – never mind even better than the UK or EU systems, we should just take on board, that here is the world’s largest meatpacker recalling 6.9 million pounds of beef linked to antibiotic-resistant Salmonella. So input antibiotics… Read more