With regard to Modern Monetary Theory (MMT) there is a debate in progress in Britain between Simon Wren-Lewis and Jonathan Portes, who are guiding the economic policy of the Labour Party and Richard Murphy, a supporter of Labour, but also a stout representative of Modern Monetary Theory. It is interesting to not how close MMT is coming to government policy. Chris Dillow gives his take on the dispute.
Great idea. Unfortunately the problem is always the same: moneyed interests buy corrupt politicians, be it in the USA, EU, or elsewhere, who block these measures. Great ideas do not always change policy. Politics do. […]
The development sector set out to summon the magic of capitalism from the ashes of communism. How is it going? Read here
Organised tax avoidance by corporations and the rich is costing the UK between £34bn/35bn & £122bn each year. The money that can be used for education, healthcare, security and redistribution. Read here