When someone asks "Where does the money come from?" they're asking the right question. The answer: the government creates it when it spends. Tax doesn't fund spending. #MMT #Economics #LearnMMT #ModernMonetaryTheory #MMTexplained

Keynes said demand drives employment. MMT proves the government can create that demand without raising a penny in taxes. Full employment isn't a market outcome. It's a fiscal choice. #MMT #Economics

The MMT Digest for 24 May 2026 is out. MMT101 Workshop 2: Central Bank Reserves - What Are They & How Do They Work?, and more. Read it, listen to the podcast and subscribe to get it every Sunday. #MMT #ModernMonetaryTheory #Economics

Austerity is a political choice. On 20 June in Brighton, four economists show what the alternative looks like in practice. MMT as policy. Public investment. Bond markets. Fiscal sovereignty. One coherent case for change. #MMT #Economics

Social media is where the bad economics wins. "We can't afford NHS funding." "Where's the money for housing coming from?" You've heard it. Now you can dismantle it. We've built a tool to help you spot the flawed moves and fire back with the real constraints. Real resources. #MMT #Economics

Former ECB official attacks MMT as 'dangerous myth' but won't engage with operational mechanics. If massive COVID spending was so dangerous, where's the predicted inflation? Japan ran these 'dangerous' policies for 30 years. Evidence > authority. mmtaction.com/s/kam7k6/

Someone asks "how will you pay for it?" and you freeze. Stop. You don't need to. We built a tool that generates policy proposals grounded in how money actually works. Pick your campaign. Name your ask. Watch the rebuttal unfold. #MMT #Economics https://mmtaction.com/defend/policy-generator/

Someone this week asked how to answer a councillor who insisted austerity was inevitable. The room had the answer ready. From housing to the NHS to green investment, the conversation keeps moving: what are the real constraints, and who chose this one? Are you in the room? #MMT #Economics

How much would a Job Guarantee actually cost your region. Run the numbers yourself. The calculator strips away the "how will we pay for it" nonsense and shows you the real fiscal picture. Try it. #MMT #Economics https://mmtaction.com/play/jg-calculator/

Business cycles don't have to leave unemployment and poverty in their wake. A currency issuer can manage the swings through policy. #MMT #Economics

It is the result of deliberate policy choices to delegate yield determination to private actors while maintaining the fiction that markets “fund” government spending. #MMT mmtmichael.substack.com/p/gilt-deriv...

Austerity is a choice, not a law of nature. On 20 June in Brighton, four economists walk you through what a different choice looks like. Public investment. Bond mechanics. Real alternatives. One coherent argument for why we can afford the things we need. #MMT #Economics

The DMO auction is not a funding operation but a reserve-draining operation—swapping excess settlement balances created by fiscal deficits for interest-bearing securities. #MMT mmtmichael.substack.com/p/secondary-...

The MMT Digest for 17 May 2026 is out. #210 MMT and International Trade with Dr Phil Armstrong (part 2), and more. Read it, listen to the podcast and subscribe to get it every Sunday. #MMT #ModernMonetaryTheory #Economics

I don't mind if you disagree with #MMT, but first you have to demonstrate that you understand it. And then, and only then, you can point out, show, demonstrate what and how you disagree with about MMT. Make sure you are disagreeing with MMT, not something that may be MMT-informed, too.

Austerity isn't economics. It's a choice. On 20 June in Brighton, we're showing what the alternative looks like. Four speakers. Four solid arguments for why you can stop playing by their rules. Steven Hail, Patricia Pino, Sheridan Kates, Christian Reilly. Real economics. #MMT #Economics

Stop letting bad-faith economists control the argument on social media. We've mapped the most common fiscal lies and how to dismantle them in real time. Use this guide to turn "how will you pay for it" into a teaching moment. #MMT #Economics https://mmtaction.com/defend/social-critique/

UK gilts are "debt", right? Rising yields mean we're "running out of money"? Wrong. The Bank of England is currently imposing a £133bn self-inflicted wound on the public purse — and calling it "monetary discipline". Here's the MMT reality 🧵👇

Also, the power of the bond market is a neoliberal myth. #MMT

Phil Armstrong has spent 29 episodes unpacking the machinery we pretend is inevitable: how banks actually work, why inflation hits differently depending on who you are, what fiscal space really means. Not theory. Operational reality. #MMT #Economics

The NHS isn't underfunded because there's no money. It's underfunded because the people in charge treat it like a household budget instead of what it is: a real-resource question. Nurses, beds, equipment, training. Build those. #MMT #Economics https://mmtaction.com/campaigns/causes/health/

Stop blaming the deficit. Start asking: what would actually break the economy if we spent more? This tool lets you test the real constraint on government spending. It's not the numbers in the spreadsheet. #MMT #Economics https://mmtaction.com/play/inflation-threshold/

From Austerity to Resilience. A one-day event on practical economic alternatives, #Brighton (UK), Saturday 20 June. https://open.substack.com/pub/stevenhailaus/p/from-austerity-to-resilience-a-one

"its aetiology is found in a poisonous combination of legislative toxins, workforce malnutrition, and the persistent administration of a fiscal placebo" #NHS #BMA #MMT mmtmichael.substack.com/p/the-pathol...

Deficits aren't holes to plug. They're the government injecting money into the economy. Our archive episode with Dr Phil Armstrong breaks down the top economic lies holding back full employment and public spending for what we actually need. #MMT #Economics

MMT isn't something you just read about. It's something you talk through. An online community is doing exactly that, every week. Bring your questions. Pull up a chair. #MMT #Economics

New from @BlockedBritain.Bsky.social: Bethany's Story #MMT #UKPolitics

Economists on TV claim government debt is a crisis. But they're reading the balance sheet backwards. Gov debt is YOUR savings. The real question: why aren't we using that power to guarantee jobs and fix climate? #MMT #MediaLiteracy

Markets spooked a PM might leave. Bond yields fell. But here's the thing: the UK government doesn't borrow to spend. It spends first, then issues bonds to drain reserves. Markets aren't funding anything. #MMT #UKPolitics

115k jobs beat expectations. Unemployment steady. And yet the frame is "uncertainty." MMT says: govt spending creates jobs and income. Stop waiting for permission from "markets." A Job Guarantee ends this charade forever. #MMT #UKPolitics

New from @BlockedBritain.Bsky.social: Ethan's Story #MMT #UKPolitics

New from @BlockedBritain.Bsky.social: Jake's Story #MMT #UKPolitics

Told you can't afford heating or food? That's a lie. The state can create unlimited currency. The real question: why are politicians choosing to starve you instead? That's a choice. A distributional one. #MMT #PublicPolicy

Poor countries aren't broke. They're currency *users* trapped in foreign debt. The real crime: forcing them to issue bonds in dollars instead of spending their own currencies into existence. Debt relief is nice. Sovereignty is the answer. #MMT #UKPolitics

New from @BlockedBritain.Bsky.social: Nasreen's Story #MMT #UKPolitics

Tories obsessed with "saving" £1bn by cutting benefits to the poorest. The UK government doesn't need to save money. It creates it. Real constraint: inflation and resources, not spreadsheets. #MMT #UKPolitics

Stop thinking like a household. Run an economy. Watch fiscal policy actually work instead of pretending deficits are evil. Play with the real constraints. #MMT #Economics #Interactive

Stop debating tax rates. UK govt doesn't "need" that windfall tax revenue to spend. The real question: will it use fiscal space to boost demand for ordinary people, or let banks hoard while wage earners starve? #MMT #UKPolitics

Bond markets aren't constraining Labour. The UK is a currency issuer. Higher gilt yields change nothing about what the real economy can produce. Inflation fears are about oil, not fiscal policy. #MMT #UKPolitics

Bond traders are terrified Labour might actually spend on public goods. They're not protecting the economy. They're protecting their ability to extract rent from artificial scarcity. UK is a currency issuer, not a supplicant. #MMT #UKPolitics

Tired of screaming "the government isn't a household" into the void? Join MMT Action Discord. Find your people. Have the conversations mainstream economics forbids. #MMT #UKPolitics #GreenParty

Coman's right that privatisation was a con. But he misses the real crime: selling public assets doesn't raise money for the government. It just transfers wealth to bidders. #MMT #UKPolitics

New from @BlockedBritain.Bsky.social: Simone's Story #MMT #UKPolitics

Two decades of austerity wasn't inevitable. It was a choice. The UK govt is a currency issuer. It never faced a "maths problem". It chose to starve services while blaming scarcity. Stop treating poverty as physics. #MMT #UKPolitics

50% food inflation and everyone blames "the market." No one asks: why did we let energy and supply chains collapse instead of deploying state capacity to fix it? Real constraint was never money. It was political will. #MMT #UKPolitics

Markets don't control politics. They're terrified of it. Kwasi Kwarteng's real crime? Fiscal expansion that might raise wages for regular people. Bond traders hate that. A timely revisit to a great episode of the @MMTpodcast with Dirk Ehnts breaks down the power struggle. #MMT #AntiAusterity

Stockholm, 27 Jun. One day with Assoc. Prof. Steven Hail: Finding the Money, Managing Inflation, How to Win. Moderna Museet. If you want the economic arguments, not just the politics, this is the room to be in. #MMT #Austerity

"Debt burden" is a myth. Developing countries don't need permission from creditors to spend on healthcare, jobs, care work. They issue currency. The real constraint: resources and inflation, not debt ratios. #MMT #UKPolitics

"Bond vigilantes" are investors punishing governments by dumping bonds. Except the central bank can just buy them all. Game over. Myth demolished. #MMT #Economics

UK taxpayer money. As if the UK government needs to raid the public purse to fund science. Britain is a currency issuer. It creates pounds. It doesn't need yours first. Aria's problem isn't money. It's priorities. #MMT #UKPolitics