Degrowth and the ‘assistance’ of Modern Monetary Theory

This is an excellent article by Jason Hickell on degrowth and how Modern Monetary Theory (MMT) helps that narrative. Indeed MMT always helps anything that needs resources directed towards it because it actually explains how the monetary system works and shows that money is human created for whatever purpose is required! The article itself is… Read more

We may be on the money – towards a common outlook

I have been contributing to a ‘Positive Money’ paper on the Covid-19 consequences. I have no idea if it will be accepted but I thought it would be interesting to discover how they are becoming much more ‘government money creation’ friendly! Indeed I think they suggest that they probably always have been (and, actually who… Read more

Bus companies might end up teaching us something…

I am conscious that the live performing arts sector, which is a great export earner for Britain, has, with social distancing, a major difficulty in trying to survive, and that is a sadness for all of us. Government help will certainly be needed before live performances finally become possible. But of course that is not… Read more

Budget – or just trickery

According to The History of Parliament the phrase ‘to open one’s budget’ “was being used in the sixteenth century to mean that someone was revealing something which was secret, perhaps even dubious. It meant something like bringing out a box of tricks. “ Yesterday’s budget certainly seems to justify that description. The new Chancellor seems… Read more

Liberty, Equality and Accountability

No, Fraternity, isn’t part of this…. Nonetheless, I suggest this is a very powerful conclusion by Billy Bragg in an interesting podcast with the lawyer Adam Wagner, in which they talk about ‘agency’. I thought it very incisive as they, quite correctly in my view, suggest that neoliberalism gives ‘agency’ to both businessmen and ‘markets’… Read more