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.
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Yanis Varoufakis: Ten Years After Lehman’s Collapse: What caused the Crash of 2008 is now shaping our post-modern 1930s
“In the autumn of 2008 events unfolded in Wall Street that the crushing majority of people around the world had been led to believe could never occur. It was the financial equivalent of watching the […]
Common Space – Spain: Fury as leaked correspondence of Spanish judges refers to pro-independence Catalans as ‘rapists’ and ‘Nazis’
The Spanish justice system, which increasingly appears still to be beholden to its fascist past, once again shows its ugly face. Let us see if the EU adds Spain to its list of EU members […]