Welcome to the post-literate society. "Just as the advent of print dealt the final death blow to the decaying world of feudalism, so the screen is destroying the world of liberal democracy." open.substack.com/pub/jmarriot...

I had a fun conversation with Steve Keen last week. We talked about: - using models to show the failures of neoclassical economics - social media voices challenging economic academia - Modern Monetary Theory (MMT) - the non-ergodic nature of international trade ... and more! youtu.be/yL7oEC4891w

Last weekend: the biggest nationalist rally in decades. Today: Keir Starmer greets Donald Trump with open arms. Tonight: we understand how young men are being radicalised by the far right, with someone who has been on that journey. New episode at midnight.

How do we fix this mess?

#mmt #obviously

The Great Money Myth We seem to have forgotten that Britain's government, as the sole creator of the pound, doesn't need to tax or borrow to fund its spending. It creates new money whenever it spends. Taxes don't finance the government; instead, they create demand for the currency and manage…

1/11 🧵 Just listened to the latest Debunking Economics podcast with Prof Steve Keen on money creation. Some very powerful arguments against the mainstream inflation narrative that I haven't heard put together like this before: #MMT www.youtube.com/watch?v=EOob...

An amazing moment as Tunisian president did a ‘Trump’ and rightfully ambushed the US envoy to Africa with photos of Palestinian children eating sand. substack.com/@deaglanomul...

This is brilliant from Dr Warwick Powell #mmt open.substack.com/pub/warwickp...

Less than two weeks to go before the first of our two London weekend seminars. 21/22 June Rethinking (or Replacing) Capitalism - Economics for Sustainable Prosperity As you can see, it is a big venue, so we can still fit you in. modernmoneylab.org.uk/events/rethi...

When growth becomes a cancer: Why our civilization's highest aspiration—unlimited expansion—has become its deepest pathology. From the East India Company to modern corporations, we've built institutions that consume rather than create. A diagnosis we can no longer ignore.

The #Greens are a perfect replacement for those who'd traditionally vote #Labour. And I believe when @zackpolanski.bsky.social is leader, things will get even better. That's why I joined the #GreenParty & #BacZack.

Regenerative agriculture "is limited as a climate solution. Other science-based actions for the food system, including a shift to plant-rich diets allowing for ecosystem restoration, can provide far greater decarbonization.” www.nature.com/articles/s41... www.nyu.edu/about/news-p...

China continues to make enormous progress on EVs and solar and wind energy oilprice.com/Energy/Energ... If there is hope for limiting the damage from global warming, it is largely because of China.

A new analysis finds that projected growth from the GOP budget's tax cuts would only cover 2.7% of their $3.8T cost. That's nowhere close to the cuts "paying for themselves."  Notice how nobody ever asks, "but how will we pay for it" when it comes to trickle-down economics?

You have to love this map of Africa's trade with China compared to the U.S. www.visualcapitalist.com/u-s-vs-china... 52 of 54 countries trade more with China. It's a similar story with Latin America and Europe. If Trump presses the issue, guess which way these countries go.

Reform & trust 📊 New YouGov polling on trust commissioned by @sortitionnow shows people who voted Reform n the 2024 General Election trust citizen assembly members more, and members of parliament less, than other voter groups www.858.org.uk #HouseOfCitizens #UKPolitics

Thrilled to announce that we are bringing our interactive weekend seminars to London (UK) in June: Rethinking Capitalism 21-22 June Money, Government and the Public Interest 28-29 June modernmoneylab.org.uk/events/ for schedule & booking details. #money #sustainability #mmt #scotonomics

“When climate action is framed primarily as a problem of mobilising finance, the role of the state is reduced to simply enabling private investment rather than leading the transformation" -- Lara Merling. www.break-down.org/post/real-co...

What would the energy companies hate? If we didn't need them anymore.

This is excellent but the comments are almost better. We have 2 years of 'normal' work left... open.substack.com/pub/personal...

Every time they say “the money’s not there,” they’re making a political decision not an economic one. A new article for anyone tired of austerity excuses. Read it here: chrisblanduk.com/2025/05/06/w... #MMT

1/ @jacobinmag.bsky.social 's Dustin Guastella says Dems should "get back to building." Cute. But you can’t build jack until you bulldoze the idiocy that says the U.S. government "runs out of money" like it’s a lemonade stand. Brains first, bridges second. jacobin.com/2024/12/bett...

Just published: "The Church of the Invisible Hand" 🙏📈 When economists speak of "market discipline" & "necessary sacrifice," they're preaching, not describing. Economics functions has become our modern religion, with its own priests, rituals & heretics. Read it and break the spell! #MMT #economics

"Finding the Money" is now free on YouTube. This is a documentary about Modern Monetary Theory & its policy implications. Featuring MMT experts Stephanie Kelton, L. Randall Wray, Warren Mosler, Fadhel Kaboub, Pavlina Tcherneva, Lua K. Yuille & Mathew Forstater. www.youtube.com/watch?v=Mrje...

Now that MAGA has discovered MMT, you can be sure the dollar is going to zero. open.substack.com/pub/stephani...

Just published! "Congratulations! You're Already a Millionaire" 🎉 Forget your bank balance—your real wealth is elsewhere. We're all shareholders in our nation's assets. Worth checking who's managing your most valuable portfolio, don't you think?

Brain Drain by Oliver Schoff https://www.europesays.com/1913731/ Brain Drain by Oliver Schoff https://i.redd.it/2j0eey4yvqoe1.jpeg by ArtemisJolt

Humanity’s Achilles’ Heel The rise of AI poses existential challenges to democracy, as algorithms increasingly shape governance and public discourse. The Cambridge Analytica scandal which brought us Brexit and the 2016 US election exemplifies this threat. To adapt, democracy must innovate through…

Start the year with a fresh look at the fairy tales of #economics from 'trickle-down' to the 'deficit monster.' In 2025, let’s prioritize real needs, shared humanity and sustainable progress over these comforting but flawed theories.

In many countries, most people (certainly not ALL people) have pretty much all the crappy stuff they need. This is not to say we don't want to replace things that are wearing out or becoming obsolete, but we don't need more. That's why it is often hard to choose Christmas gifts.

2025 will be the year AI agents shift from tools to collaborators—reshaping how we work, govern, and interact with the world. What happens when humans focus on intention, and machines amplify it? A new chapter begins. Read here:

In January, Israeli historian Lee Mordechai released a 124 page report with 1,400 footnotes detailing evidence of Israel’s genocide, which he continues to update. How many of you heard about it? witnessing-the-gaza-war.com/wp-content/u...

Want to know more about #MMT but are too afraid to ask? Try this chatbot informed by 50 episodes of the the MMTpodcast to get up to speed fast. You can even listen to a distilled mini podcast for a 20 minute summary. bit.ly/AskTheMMTPodcast

I'm thrilled to announce the first public release of Harmonica, you can start playing on it today 🪗 blog.harmonica.chat/we-are-offic... We're still fixing bugs, but hopefully this early version gives an idea of what we're aiming for.

What do the failure of the Democrats in the US and the failure to provide adequate climate financing to low-income countries at COP tell us? That the failed mainstream economic and political narratives of the last 40 years - Neoliberalism and the Washington Consensus - should be dead and buried.

Please enjoy my new piece. And please consider subscribing! open.substack.com/pub/stephani...

. @williammitchell.bsky.social It would be great to hear your thoughts on the 'Milei Miracle' in Argentina bringing inflation down to levels of 2.5 percent annually with a bonfire of state departments. There are some Austrian economists out there that need taking down a peg or two... 😁

Bluesky has excellent block lists that keep you from ever seeing maga or fascist content. Eg.: bsky.app/profile/numb...

"The only way to facilitate informed decision-making on the thousands of decisions that must be made in society is to delegate the task to subsets of the people."

Understanding that economics revolves around resources not money, is like understanding that the Earth goes round the Sun, not the other way around. #MMT & #environmentalism share a common foundation: prioritizing resources & stewardship over abstract financial constraints.

"Not all the power and money, not all the weapons and propaganda on earth can any longer hide the wound that is Palestine. The wound through which the whole world, including Israel, bleeds." Arundhati Roy

1/5 If the U.S. government could generate $5 trillion to respond to COVID—without raising taxes or borrowing traditionally—why can’t it create money for other needs like infrastructure or social programs? 🤔 #MMT #GovernmentSpending #Economics

The UK is a sovereign economy not a household, it doesn't need taxes to spend money #ITVDebate #MMT

UN climate chief presses for faster action, says humans have 2 years left 'to save the world'

Who is coordinating the #MMT message in the UK? In this election year, we can't let UK politicians keep pretending that they can't spend on UK resources. How can we all help? @MMTpodcast @TweetForTheMany @christreilly @patricianpino @moneyontheleft

Looks like the #MMT penny has dropped at the Guardian this morning. Let's hope @KathViner makes this central to future economic & political reporting @guardian. After getting rid of the Tories, this is the most important mission. Listen to @MMTpodcast

👁️Searching for a WebFlow CMS Wizard 🧙‍♂️for help with: 1) Filtering categories of Blog posts 2) Canonical redirects of reposts to their original page 3) Creating image overlay functionality in CMS posts Please lmk if you can help with any of these? 🙏

"The hottest September on record follows the hottest August and hottest July, with the latter being the hottest month ever recorded."