Difference between PoMo and MMT may principally be just Strategy

Having contributed to a paper which may even appear on the Positive Money (PoMo) website in due course, I wonder if I may at last be able to shed further light on where Sovereign Money Reform (SMR) differs from Modern Monetary Theory (MMT), (which I’d love to rename Sustainable Government Finance – I can hope!)… Read more

Wrong framing can often just be a subtle influence…

The headline in yesterday’s Observer was ‘NHS chiefs in standoff with Treasury over emergency £10bn’. Apparently: The row piles pressure on Sunak to find more money for the NHS ahead of his summer statement on Wednesday. The article says that, according to the NHS: “There’s a very, very significant difference between the phrase ‘the NHS… Read more

The barbarians are not at the gate but actually in charge

European ‘Coronavirus’ emergency funding for the arts (approximate figures from various sources) currently stands at: France £6.5bn, Germany £900m, Italy £221m, Spain £68m, Ireland £18m and the UK – NIL. I’m ready to bet that the UK has the largest performing arts sector of any of these countries – indeed that may well be why… Read more