The question then that remains the relevant one now is why did it take an angry lawyer to force HMRC to fact and collect tax that was very obviously owing? Why didn’t they want to collect £1.5 billion?
This is the Democratic Europe of Angela Merkel and Emmanuel Macron Read here
Bill Mitchell: Turkey tells us nothing about MMT – but MMT tells us a lot about why Turkey is in trouble
When ever there is high inflation it is used as proof that Modern Monetary Theory is debunked. This is the case in Turkey. The real culprit is the neo-liberal policy of the IMF Read here