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 🧵👇

The austerity mindset traps our politics in a death spiral of exclusionary violence: there is not enough to go round; ‘responsible’ leaders must make ‘tough choices’ about who to leave out. 1/3

Still time to register for Patricia Pino's Job Guarantee talk, starting in 2 hours! #MMT #JobGuarantee events.humanitix.com/patricia-pin...

MMT Richard Murphy recently published a critique of the core policy at the heart of MMT: the Job Guarantee. It was reasoned and balanced, but we believe misrepresented the Job Guarantee in key areas. Here is our response.

"The Bank of England should have the courage to admit that its main policy tool is largely irrelevant in dealing with geopolitical supply shocks and their impacts." #MMT

[email protected] writes 1000 words on Green economics without once acknowledging that the UK government issues its own currency. Every claim rests on the "household budget" myth. They couldn't get it more wrong if they tried. #MMT archive.is/RdqQb

Rubio unwittingly admits Israel dragged USA into War www.reddit.com/r/AskSociali...

Britain's water companies paid out billions in dividends while the pipes rotted. Now we're told we can't afford to fix them. The engineers exist. The materials exist. The need is real. What's missing isn't money. Britain isn't broke. It's blocked.

Labour, Reform, Coservatives and LibDems all offer different flavours of Thatcher's neoliberalism which has been damaging people and services for decades. It is only the Green Party that offers a different economic view that would allow us to have the infrastructure and services we want. #MMT

A must attend event for all MMT fans!

Finally, a group that will tell it how it is on economics. #MMT

NHS We can't afford the unaffordability myth... #MMT medium.com/@malcolmreav...

Why do so many #Marxists dismiss #ModernMonetaryTheory as capital apologia? #MMT is a lens, not an ideology! #JobGuarantee is a superior path vs #UBI to build #WorkingClass power. Ep. ft. @_awda_ drops Sat. 1/24 @ 8AM ET. Find all our ep. @ realprogressives.org/macro-n-cheese/

MMT threatens vested interests in the economy and in economics, that's why we can't talk about it. This is great from @spborden.bsky.social #MMT open.substack.com/pub/susanbor...

Essential reading on the Job Guarantee. The best way to support the unemployed in society. #MMT

The "Govt as Household" & "Taxpayer Money" analogies have sat at the apex of economic narrative for 50 yrs. What can be done? Dismantling this narrative requires a strategic, multidisciplinary counter-offensive that builds a more accurate & equally compelling story. substack.com/@mmtmichael/...

Every generation inherits not just the physical infrastructure of its predecessors but a set of assumptions about what is economically possible. #MMT

This is an excellent read, well worth the time to digest... #MMT

TEMPORARY SUSPENSION OF NEW YEAR ISSUANCE AND IMPLEMENTATION OF TEMPORAL AUSTERITY MEASURES #MMT_UK #MMT

✨ New Essay! ✨ @greenbackbetter.bsky.social argues that the current turn toward the analog isn't simple nostalgia. It's a rejection of design as inevitable. From frictionless UX to balanced budgets, it's time to stop treating the politics of design as natural constraints. Please read & share! 👩‍💻 🙌

Delighted to hear that The Invisible Doctrine, the film by @peterhutchison.bsky.social and @lucas-sabean.bsky.social, is being offered free to view on YouTube for the holiday season. It's all yours! youtu.be/gR4eSEetKP0

AI eliminates the value of thinking. Climate change increases the cost of surviving. Private markets can't profit from either end. New post: what happens when these forces collide, and why governments will inherit the economy whether we plan for it or not.

This is an incredibly powerful depiction of life in the UK under an #MMT economic lens. If only sceptics could open their minds to appreciate this view.

Thank God for that! The first reasonable article about #MMT and @zackpolanski.bsky.social 's fresh take on the economy. Well done @newstatesman1913.bsky.social www.newstatesman.com/politics/gre...

@richardjmurphy.bsky.social in his usual clear and reasoned way, critiques Rachel Reeves' budget for 'managed decline' and explains how she could instead have made life better for all, if she had had the courage to do so. youtu.be/6pTpT_uB_4M?... #MMT #NeoliberalMyths

Isn't it refreshing when someone actually does nuance and detail? H/t @andyverity.bsky.social at the BBC!

Fantastic to see an economics reporter accurately reporting economics… #MMT

There are real constraints: workers, factories, energy, time. And there are fake constraints: "but where will the money come from?" Learn the difference by crashing an economy (for educational purposes). keystroke.mmtaction.uk #MMT

Another budget, another "we must live within our means" while the government literally creates the currency 🤯 Tired of household credit card analogies? Join our Discord to discuss how sovereign currency works and why budget commentary is economic fan fiction. discord.gg/S3UbxFe4FR #MMT

The very first thing the Prime Minister does is use the household budget metaphor. A metaphor - this report into BBC coverage - said could be "easily misleading." Why is the government trying to mislead the country?

Are the Labour Government finally going to bring in rent controls? I seem to be living rent free in their heads! (Thanks for the shout out!) Join.greenparty.org.uk

Budget nonsense? There's an app for that. mmtaction.uk #MMT

🚨 IT'S BUDGET DAY AND WE BUILT YOU A WEB APP to squash the economic myths that are coming... Myth tracking ✓ Fact-checking ✓ Media complaints ✓ Social critiques ✓ AND a bingo card 🎯 Yes, Budget Myth Bingo. We're not okay. mmtaction.uk #MMT #Budget2026

#BBCR4Feedback We've had nothing but flat earth economics on all #BBC channels in the run-up to the budget. Despite definitive evidence that every £ of public spending is newly created @bankofengland.bsky.social, the neoclassical ideologues prevail @ #BBC #MMT www.tandfonline.com/doi/full/10....

The 'Household analogy', often used by economists and economic commentators, is a false analogy fallacy. Sovereign governments are nothing like households as @richardjmurphy.bsky.social clearly explains: youtu.be/Q03GKwMxmAo?... #MMT

Thx to you both @robbhawkes.bsky.social and @greenbackbetter.bsky.social for a great presentation. Recording and transcript available soon...

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...