Профиль

Government debt isn't the constraint. Real resources are. A co-op still needs the same pipes and labour as nationalization. Confusing accounting entries for actual infrastructure costs us functioning utilities. #MMT #Economics #UKPolitics

When Greens say "we'll fund the green transition," they don't mean raid the Treasury pot. They mean: the government creates the currency, so the real question is whether we have the workers, materials, and planning capacity. We do. #MMT #GreenParty #UKGreens #Economics #UKPolitics

Seattle's $175M "shortfall" isn't a constraint on what the city can spend, it's a policy choice about what to tax. A currency-issuing government doesn't face budget deficits the way households do. Real limits are inflation and resources, not red ink. #MMT #Economics #UKPolitics #USEconomics

Stop: income tax doesn't "fund" anything. A currency-issuer doesn't collect taxes to build a war chest. Taxes drive currency demand and destroy money. Mayors fighting over tax rebates miss the real question: what real resources exist to spend on? #MMT #Economics #UKPolitics #UKEconomics

Moving money around Westminster doesn't create it. A currency issuer can spend without "finding" funds first. The real question: will this budget expand real public purpose, or just shuffle existing claims? #MMT #Economics #UKPolitics #UKEconomics

Councils aren't currency issuers. They can't create money, so they actually do face solvency constraints. The real question: why is a currency issuer leaving councils to borrow commercially instead of funding them directly? #MMT #Economics #UKPolitics #UKEconomics

The real story: weak productivity isn't the problem. Slack demand is. MMT says spend more, employ more people, and watch productivity rise. Growth starves when the currency issuer underspends. #MMT #Economics #UKPolitics #EUEconomics

Green Party manifesto time. You'll hear "how do we pay for it" on climate, housing, public transport. The answer isn't magic. It's currency issuer economics. The UK government creates GBP. Spending creates money; taxes destroy it. #MMT #GreenParty #UKGreens #Economics #UKPolitics

Devolution theater. Shifting tax revenue between regions doesn't create new fiscal space, it just redistributes the same pot. Real power means currency-issuing capacity, not begging Westminster for scraps. #MMT #Economics #UKPolitics

The framing treats this as a housing affordability crisis. It's actually a wage crisis. A currency issuer can afford to pay young adults enough to live independently. It chooses not to. #MMT #Economics #UKPolitics #UKEconomics

"Pragmatic" North Sea oil because people are struggling with energy costs. But oil prices are set globally. What actually helps: government spending on renewable infrastructure and a Job Guarantee wage floor. That's the real resource constraint conversation. #MMT #Economics #UKPolitics

"Persistent price pressures" is code for real resource constraints, not a spending problem. But markets are priced on the myth that growth slowdowns cure inflation. They're watching the wrong dial. #MMT #Economics #UKPolitics #USEconomics

"Will we pay more tax?" frames care as a household budget problem. Wrong question. The real one: does the UK have enough nurses, care workers, and facilities? That's the constraint. Money is never it. #MMT #Economics #UKPolitics #UKEconomics

Tax rises to fund social care assumes the government must find money first. A currency issuer creates pounds when it spends. Real question: do we have nurses and carers? If yes, it's affordable. Funding isn't the constraint. #MMT #Economics #UKPolitics #UKEconomics

The BoE doesn't hold rates because "markets demand it." It sets them. 3.75% is a policy choice, not a discovery. The real question: why not zero, and what's the Job Guarantee doing while we wait? #MMT #Economics #UKPolitics #UKEconomics

The Fed doesn't "hold rates" like a person holds cash. It sets the overnight rate through open-market operations. Trump's calls are theater. The real question: why pretend interest rates are a market discovery rather than a policy choice? #MMT #Economics #UKPolitics #UKEconomics

Fiscal policy is government spending and taxation. Sounds simple. But economists and politicians have spent decades burying it under jargon. Read the breakdown. #MMT #Economics #UKPolitics

"The government can't afford climate action, just like it can't afford healthcare", same rhetorical trap, same false constraint. Monetary sovereignty doesn't change when the stakes are planetary. #MMT

Tariffs don't magically make supply chains. They raise prices on U.S. consumers while companies chase cheaper labor anyway. If you want manufacturing jobs, fund them directly, a Job Guarantee beats protectionism theater every time. #MMT #Economics #UKPolitics #USEconomics

Framing this as "tax rises needed to fix social care" accepts the household-budget lie. Currency issuers don't need tax revenue to spend. The real question: do we have nurses, beds, and care capacity? If yes, we can afford it. If no, taxes won't help. #MMT #Economics #UKPolitics