The reality of governments and money..
Bristol September 12/13th 2025 “Changing the conversation around money and the economy in the UK” On Friday 12th September, Modern Money Lab UK held an anti-austerity Conference over two days at The Station, Bristol, to explore how the modern understanding of the government money and fiscal system (Modern Monetary Theory, MMT) gives a strong perspective …
Continue reading “#18 Modern Money Lab Anti-Austerity Conference”
image- Gerd Altmann, via Pixabay.com Like a lot of popular myths about economics, the “wage-price-spiral” sounds so convincing. “Wage demands cause wages to rise, so suppliers have to put their prices up, so workers demand higher wages. So inflation runs riot, everyone suffers.” Seems like common-sense? Well, it isn’t. It’s an outstanding example of the …
Continue reading “#13 The “wage-price spiral” is pure, full-fat, 24-carat BS. Even the IMF says so.”
the pound in your pocket