Positive Money thinking

Whilst most people were probably on holiday, I spent much of last weekend at a ‘get together’ in scenic London SE1 with Positive Money. Or PoMo as many of the staff seem to call it. I do think that PoMo is to be admired for – uniquely – promoting grass roots groups throughout the country… Read more

Neoliberalism is no philosophy but simply another pressure group

I quote from the New Economics Foundation (NEF) “deepen the inequalities and inefficiencies of neoliberalism.” This suggests neoliberalism is a philosophy. I profoundly disagree. It is rather a pressure group that was smart enough to endeavour to create an idea. I think the NEF should know better. We must beware – neoliberalism is NOT a… Read more

Has the ‘Guardian’ got it?

This must be the first ‘Guardian’ editorial to quote Prof Stephanie Kelton – and the first one for a long time to suggest that deficit financing is a good idea. Before spending more money on the NHS, British politicians should take the advice of the US economist Stephanie Kelton: in a UK lecture this week,… Read more

Money for nothing is everything

There is an excellent summary in one easy blog on TRUK of Modern Monetary Theory* (MMT), which should more properly be called Modern Monetary Practice or the Modern Monetary System (MMS). As usual, below the article are the comments, many of which are highly critical, usually on the basis that if you are stupid enough… Read more