1. This week’s article could be called the Luddites’ lament, as I am here to warn you of the dangers of letting AI companies have their way with you, me, and our elected representatives. Whether you know much about AI or not, I suspect you have an uneasy feeling about

1. New On MMT101: The Luddites’ Lament: AI, MMT and Who Will Fund Our Future? Artificial intelligence is grabbing the resources we need for a green future, and the rules to stop it have gone on holiday

Do You Think the Deficit Is Too Big? Why that question cannot be answered without looking at the real economy mmt101.substack.com/p/do-you-thi...

Do You Think the Deficit Is Too Big? (Hint: You’re Asking the Wrong Question)

Why that question cannot be answered without looking at the real economy

mmt101.substack.com

#MMT Card 2 of 12, Real and Ecological Limits. Icon: A wind turbine and a tree. Spending is constrained by real and ecological limits, not financial ones. Inflation and resource use, not deficits or debt, are the key risks.

1. In this week’s article I answer the question, ‘What’s the right level of deficit or surplus for a currency-issuing government such as the UK or US government?’ By deficit or surplus I mean the difference between what the government spends and

Woke up this morning to a shiny new bestseller badge on my profile! 🏆 Thank you, thank you, thank you to everyone who has supported the MMT101 Substack! There is no MMT101 without you. When we learn, we change ourselves, but when we learn together, we can change the world.

New on MMT101: Do You Think the Deficit Is Too Big? (Hint: You’re Asking the Wrong Question) Find out why that question cannot be answered without looking at the real economy: tinyurl.com/49uut5zs

Do You Think the Deficit Is Too Big? (Hint: You’re Asking the Wrong Question)

Why that question cannot be answered without looking at the real economy

tinyurl.com

1. Replying to a question on my MMT101 Substack. "What happens to tax money if it is not used to fund government spending?' Good question. One a lot of people have in their head. However, it's based on the wrong premise: the idea that paying taxes is giving the govt. money.

1. New on MMT101: With Respect, Prime Minister – It’s Never About the Money What insulating homes and tackling pensioner poverty tell us about the real limits of government spending If you asked me ‘what is the most valuable lesson that Modern Monetary Theory has taught you’

Since 1979, American productivity has risen 93.7%. Hourly pay has risen 32.7%. The pie got bigger, but workers got a smaller slice. I tracked down the UK data and found the same pattern.

1. Orthodox neoliberal economics has run its course. It no longer provides the answers or the outcomes we need (if indeed it ever did): not for our citizens and certainly not for the health of our planet.

MMT101: How UK Government spending works.

1. Measuring Economic Capacity: The Data Is Neutral, but How We Interpret It Is Political Anyone familiar with Modern Monetary Theory (MMT) will know that, once we understand the basic truth that .

New on MMT101: Measuring Economic Capacity: The Data Is Neutral, but How We Interpret It Is Political Why Modern Monetary Theory challenges conventional approaches to unemployment, inflation and economic capacity mmt101.substack.com/p/measuring-...

Measuring Economic Capacity: The Data Is Neutral, but How We Interpret It Is Political

Why Modern Monetary Theory challenges conventional approaches to unemployment, inflation and economic capacity

tinyurl.com

New on MMT101: Don’t Panic, Mr Mainwaring! The Myth of the Bond Vigilantes Why the panic over government borrowing and rising bond yields rests on questionable assumptions tinyurl.com/yd6fwffs

Don’t Panic, Mr Mainwaring! The Myth of the Bond Vigilantes

Why the panic over government borrowing and rising bond yields rests on questionable assumptions

tinyurl.com

New on MMT101: How Government Spending Actually Works and Why It's Different From What You Hear on TV A deep dive into the myths of national debt, the truth about taxes, and the real reason austerity happens tinyurl.com/ym8azc5u

How Government Spending Actually Works and Why It's Different From What You Hear on TV

A deep dive into the myths of national debt, the truth about taxes, and the real reason austerity happens

tinyurl.com

1. There is a paradox at the heart of orthodox economics: if asked (and this may surprise you), most orthodox economists will tell you that ‘yes they agree that currency issuing governments are indeed different from households, in as much as they don’t need to earn or borrow before they can spend’.

New on MMT101: A Balanced Budget Policy is Stupidity Writ Large Constraining government spending as a policy goal is misguided, illogical and can lead to economic instability I think you will like this one. :-) tinyurl.com/2wu7hfab

A Balanced Budget Policy is Stupidity Writ Large

Constraining government spending as a policy goal is misguided, illogical and can lead to economic instability

tinyurl.com

1. New on MMT101: Automatic Stabilisers for the Economy: What Are They and What Does MMT Bring to the Party Unemployment payments or the Job Guarantee: which one does the best job of stabilising the economy?

1. New on MMT101: A ‘Short’ Introduction to Modern Monetary Theory (MMT): What Is It & What Makes It Useful? In this week’s article my goal is to give you an introduction to MMT: how it started, who was involved, what it is, what’s unique about it,

1. New on MMT101: Narrow money explained – and why orthodox economists and Modern Monetary Theory (MMT) economists look at it differently I started my exploration of the money supply in ‘The Money Supply and The Role of Central Bank Reserve Accounts - Part 1: Base Money’,

1. The idea of sectoral balances is simple, yet many people find it difficult to get their head around it. I know that because I found it difficult myself when first encountering it. I think maybe I was thrown by the name.

New on MMT101: MMT Basics: Sectoral Balances - A Beginners Guide mmt101.substack.com/p/mmt-basics...

MMT Basics: Sectoral Balances - A Beginners Guide

Modern Monetary Theory – via Economist Wynne Godley – provides a beginner-friendly introduction to understanding deficits, surpluses and the ‘national' debt

mmt101.substack.com

1. State Pensions: What Would Happen If The Government Understood How The Monetary System Worked? If the government actually understood how government spending works, how should they view and manage their obligation to pensioners in the UK?

Only governments can afford to save us. How Can We Tackle Global Warming? Is the Private Sector Capable of Saving the Planet? mmt101.substack.com/p/is-the-pri...

How Can We Tackle Global Warming? Is the Private Sector Capable of Saving the Planet?

Exploring J.D. Alt’s case for why profit-driven finance is mathematically unsuited for climate mitigation—and the alternative we've overlooked. MMT points us in the right direction.

mmt101.substack.com

New on MMT101: What's Happened to the NHS? And Does MMT Have the Answers? Read on: tinyurl.com/mvrfdb48

What's Happened to the NHS? And Does MMT Have the Answers?

How decades of market reforms changed England's health service - and why Modern Monetary Theory (MMT) tells us that the real constraint was never money

tinyurl.com

New on MMT101. GDP: Built for Bombs in the 1940s – What Is It and Is It Still Useful Today? An introduction to Gross Domestic Product (GDP): where it came from, what it measures, and why it's the wrong tool for the job. Read on: tinyurl.com/4yubhhbk

GDP: Built for Bombs in the 1940s — What Is It and Is It Still Useful Today?

An introduction to Gross Domestic Product (GDP): where it came from, what it measures, and why economists, from Nobel laureates to MMT thinkers, think it's the wrong tool for the job.

tinyurl.com

1. Burnham attacks the poorest so he can save enough money to make war. He seems to be unaware that the UK Government issues the UK pound and you can't run out of something you issue yourself.

1. Burnham attacks the poorest so he can save enough money to make war. He seems to be unaware that the UK Government issues the UK pound and you can't run out of something you issue yourself.

1. So much for the enlightenment. Economics is dominated by myth and nonsense. And it's no laughing matter: it's destroying our planet and destroying our lives. Why do people simply refuse to look at the logic of government spending?