Matt GrahamMar 27, 2024
Richard Murphy
Are you a democrat, or not? That is the question that MMT poses, and which everyone needs to answer. https://www.taxresearch.org.uk/Blog/2024/03/26/are-you-a-democrat-or-not-that-is-the-question-that-mmt-poses-and-which-everyone-needs-to-answer/. I think that the argument about MMT is over. Every central banker knows that what it says is true. So why isn't it being accepted? The power struggle over whether democratically elected governments or financial markets should control the level of state spending is unresolved, and those with wealth are not willing to back down easily.
The stock market is failing according to the CBI. So why don’t we just let it go?

I posted this on Twitter this morning: https://twitter.com/RichardJMurphy/status/1942861045426516103 My point is serious. The CBI is saying that the situation with regard to the UK stock exchange is getting desperate, because it is losing out to overseas markets and not attracting sufficient business. The question that needs to be asked is, why is that?...

Funding the Future
Mar 26, 2024 at 8:46amWeb
Show threadWeltzeitgeistMar 26, 2024
@RichardJMurphy I completely agree. I would add that besides an active implementation of MMT in the political activities of the state, it should be combined very sensibly with a radical taxation of luxury goods, high income/wealth. This would help with inflationary pressures and dwindling commodities in the coming years.
Show threadkevodellMar 26, 2024
@RichardJMurphy Not being overly literate regarding fiscal and monetary policy, I did find Stephanie Kelton's book a bit of a slog. She did, however, appear on the Bad Faith podcast, with "Does MMT End the "Debt Ceiling" Debate?", which laid things out so well, even for me. It might be behind a paywall - might not but well worth listening to. https://www.patreon.com/posts/78777518?utm_campaign=postshare_fan
Episode 252 - Does MMT End the "Debt Ceiling" Debate? (w/ Stephanie Kelton) | Bad Faith

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