The stocks and flows of public money from the public purse keep the economy healthy and fit for public purpose. #MMT 
“Understand spending chains and you understand a fair chunk of Modern Monetary Theory.
When the government spends into the economy it initiates a sequence of financial flows in the non-government sector. The first recipient of the spending is likely to re-spend some or all of it”
When the government spends into the economy it initiates a sequence of financial flows in the non-government sector. The first recipient of the spending is likely to re-spend some or all of it”
“Subsequent recipients will do the same, and so on.
That’s a spending chain.
Two things stop the money being used indefinitely: tax and savings.
Most of the spending chains initiated by spending into the public sector result from spending on healthcare.”
That’s a spending chain.
Two things stop the money being used indefinitely: tax and savings.
Most of the spending chains initiated by spending into the public sector result from spending on healthcare.”
The #NHS is the great engine that drives our economy.
The wages and salaries of its huge workforce is re-spent rather than saved.
That spending chain boosts the economy and keeps the U.K. workforce healthy and productive.
The wages and salaries of its huge workforce is re-spent rather than saved.
That spending chain boosts the economy and keeps the U.K. workforce healthy and productive.
“Here is one thing that recent Chancellors of the Exchequer never seem to mention.
The fiscal multiplier has a reverse gear. Take £1million out of the #NHS and you take £4.3million out of the economy.
That’s what austerity is really about.”
@darkmatches
matchesinthedark.uk/spending-chain…
The fiscal multiplier has a reverse gear. Take £1million out of the #NHS and you take £4.3million out of the economy.
That’s what austerity is really about.”
@darkmatches
matchesinthedark.uk/spending-chain…
