Hoping to put the ECO in ECOnomics. Once you understand how economics shapes our world and can be used to help in most of our crises, you will get it. #MMT
Jan 2 • 18 tweets • 3 min read
If years were £Pounds...
(or Dollars, Euros, Yen, etc., etc.)
An irreverent look at New Years through the Government as a Household lie...
Good evening.
It is with profound regret, but absolute necessity, that I address the nation tonight regarding a grave and unforeseen fiscal-temporal crisis. After extensive consultation with the Governor of the Bank of England and the Office for National Temporal Statistics,
Dec 12, 2025 • 15 tweets • 3 min read
1 of 15
Henric kindly points out that banks create most of the money supply.
But...
That money is issued as loans, which with interest, must be repaid, any profit from productive loans is a result of State money spending.
Buckle up, a long thread.
2 of 15
Commercial banks create the QUANTITY of money (deposits) through lending, the QUALITY & finality of that money depends on central bank.
Aug 26, 2025 • 22 tweets • 3 min read
1/ In response to Q on @RichardJMurphy 's post on MMT and bond market
Have been watching Japan a long time but have not run the numbers for this quick & dirty post.
Long thread, unroll at the end.
2/ BoJ holds 60% of govt debt, there was no cost in this, merely a reverse of the original reserve drain (QE). Priv banks, with increased reserves should be able to stimulate the economy. However…
Aug 18, 2025 • 17 tweets • 3 min read
Interesting post the other day suggesting that the UK was constrained in its ability to spend due to fiduciary constraints.
This is a long thread, I will add an unroll link at the end.
Firstly to be clear, the UK does not have such a constraint.
However…
Aug 16, 2025 • 21 tweets • 3 min read
Have been in a conversation about private debt being a net drain on the economy, here are my observations...
Sources listed at the end.
My assertion that "private debt is a net drain" stems from the asymmetric flow of money in debt contracts, particularly due to interest.
May 5, 2025 • 22 tweets • 3 min read
Thank you for your comment. I gather from said comment that you haven’t watched the video yet have heard that MMT doesn’t work.
The speaker, Wm Mitchell one of the architects of MMT, explains that MMT is a description of the monetary operations of all nations with (currently) free floating, sovereign currency, all nations bar a handful.
