The Job Guarantee and MMT: A Conversation with William Thompson youtu.be/L_3Q6Q_hTio?... #modernmonetarytheory #MMT

Um, a ‘jump’ of inflation to 2.4% doesn’t seem very high. More like a little hop.

Exactly. And everyone should learn #MMT to understand what is and isn’t possible.

What’s the word for that space where an ethnic group is corralled into a limited area and a controlling power says who and what can come in and out, and when? Starts with a G.

No one seems to have published a robust official total for how much has been extracted from the UK energy sector in dividends/profits since privatisation. But the available evidence points to a sum in the very large tens of billions — and quite possibly over £100bn.

Country that lectures Iran on democracy arrests another 523 people for peacefully protesting open.substack.com/pub/councile...

The same geniuses who think Trump, who dodged the draft five times, knows how to win a war also think Trump, who declared bankruptcy six times, knows how to run the economy. That's what Trump Derangement Syndrome actually looks like.

How are we going to pay for it? Money in the UK is legislated into existence. The secret of the Consolidated Fund is that the power of money creation rests with the legislative authority of Parliament, rather than the prior collection of Taxes. A graphic novella... #MMT

Read this👇🏻

UK banks can nudge customers to invest in shares. They will get commission, accept no responsibility for losses. Only new shares provide money for investment. Secondary shares is just churn. Another example of the state supporting finance industry, turning people into speculators archive.ph/F9XNU

🚨 First time in British history that a party to the left of Labour have topped a national poll. 💚 Hope is here. It's all of us. ✊🏼 Reject hateful, divisive politics - and let's make hope normal again. Join.greenparty.org.uk

So Israel has now killed very nearly as many Lebanese as Israelis were killed on October 7, including 100 children and there’s hardly a word of condemnation other than from Carney and Macron. Why no international outcry at the ethnic cleansing that’s taking place.

Israel's new law mandating death by hanging for Palestinians is apartheid Israel does not hang Israelis who kill Palestinians. It holds more than 10K Palestinians—including 1000 children—without charge or conviction. Any politician or journalist who does not acknowledge this apartheid is complicit

Israel's new law imposing the death penalty on Palestinians convicted of fatal attacks is a dangerous development of its apartheid system. It is discriminatory, racist, and cruel. Expressions of concern are not enough. The Labour government must act to end Israel's impunity.

Environment Agency uncovered over 3,000 breaches of pollution laws in a year by England water companies. Companies have more than 1200 criminal prosecutions None had licence cancelled. No exec prosecuted. Companies negotiate fines. Fines waived or deferred. Any pressure points for better conduct?

Just yesterday the Netanyahu govt adopted a law to hang Palestinians who commit certain crimes in the West Bank but not Israeli settlers who commit the same crimes. Why are we sending a blank check of billions of $ to a govt that pursues these & other blatantly racist policies?

How the UK government’s finances really work. Prepare to be surprised – shocked, even. substack.com/@frapacioli/...

Excellent analysis from the BBC's Jeremy Bowen. www.bbc.co.uk/news/article...

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Tories, Reform and the SNP insist every day that the UK government could restore our gas sovereignty by licensing new fields. But the record of licences issued from 2010 to 2024 shows a tiny level of production. The licences debate is based on falsehood.

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Reform offered hate. We offered hope. Hope won. The police say his accusations of cheating are baseless. Farage is a bad loser.

Balancing the books means depleting the private sector of an operational surplus. It causes recession.

The Prime Minister’s plan to offer rapid routes to settlement for those earning six-figure salaries whilst punishing and making lower-paid workers wait up to 15 years appears to be based on the notion that care workers are “low-skilled” because they are low-paid - its a disgrace

Thanks to Margaret Thatcher, a lot of people in the UK believe the government has to collect tax and borrow money before it can spend. But for that to work, reality would have to be very different... open.substack.com/pub/frapacio...

Environment Agency is too weak to tackle an “out-of-control plague” of waste dumping. Lacks resources. Fees to visit official dumps by some councils encourages fly- tipping. Water companies are major offenders. Execs face no penalties. EA in cahoots with companies.

Let’s face facts - the US president is unhinged. And seriously confused people create serious confusion. www.bbc.co.uk/news/live/cn...

Stable genius.

Thanks, and we really must understand this if we want to rebuild our institutions if we ever get the Fascists out of power. BTW, Trump understands this:

100% this.👇🏻 The national (aka public sector) debt is a huge private sector asset. By way of proof, how would you feel if you held £100k in gilts?