I've got that 'above the trendline' feeling this morning, and haven't even had a cup of coffee yet. Here's the latest on the 3-year running average for global sea-ice extent.

The Modern Money Lab Economics of Sustainability January series this year will feature the following academics - Pavlina Tcherneva, Stephanie Kelton, John Harvey, Scott Fullwiler, Tim Foxon and Phil Lawn. More details soon or from [email protected]. Do come along.

The housing crisis is merely a sub-set of the inequality crisis. Those earning high incomes have no problem affording houses.

Your 'fun global warming water-cooler doom fact' for today: The last October that saw a monthly average temperature at or below the 1850-1900 pre-industrial baseline was October, 1976, at -0.18°C below the baseline. Fun, right?

All those pictured, running this event in Canberra, are current or past students of Modern Money Lab - great to see.

The next intake is in February - you could be a part of it.

The term 'electoral democracy' is a non-sequitur. Sortition would be far better. newstatesman.com/politics/uk-po…

My latest animation of the global surface temperature anomaly, 1851 - 2025 (current through September).

I don't think most other Masters degrees in economics have quite the same student feedback as ours. Here is a small sample, from last trimester - modernmoneylab.org.au/courses/:

It’s just 10 days to go until our launch event on Saturday 18 October at Teesside University and there are still a few places available - don’t miss out! Visit our website for more information and please share widely: wherecreditsdueboro.wordpress.com/events/

At the UN, the president praises the men and women who crossed oceans and mountains to found the country after saying moments before that the men and women who cross mountains and oceans today are destroying every country.

We ought to make more of our program being at the top of the list the International Society for Ecological Economics recommends, but we are terrible at marketing. Maybe you can help us tell people.

For those keeping track (and who isn't?), the planet is now at day 3 at 1.65C above the 1850-1900 pre-industrial baseline. While MSM sells outrage 24/7 with Kimmel, Tylenol, Putin, Israel... collapse just doesn't make the cut. Do folks care about the end of everything anymore?

@americanexception.bsky.social Thoughts on this? www.abc.net.au/news/2025-08...

Oh, well. With almost all politicians, most economists and most of the media spreading complete nonsense about the UK economy and public policy, at least it gives us plenty to discuss in Bristol (12/13 Sept) and Sheffield (20/21): events.humanitix.com/public-money... modernmoneylab.org.uk/events/

Only 3 weeks to go before The Anti-Austerity Conference! Join us in Bristol (or online) on 12-13 September. Learn powerful, real, economic knowledge that blows traditional thinking apart and allows social and environmental goals to take centre stage. modernmoneylab.org.uk/events/brist...

MMT makes an important distinction between currency issuers and currency users. I think this is best understood as a continuum rather than a clear delineation.

We have funds via our not-for-profit for two further part-time Global South scholarships on our ONLINE Masters in modern monetary theory and ecological economics at Torrens University. For information, write to [email protected] www.torrens.edu.au/courses/busi...

We are delighted that (Steven's ex-student) Matt Crocker, excellent MMT economist close to completing a PhD in the Law School at Deakin Uni., has won the 3-minute thesis competition there and will go on to represent Deakin at the Asia Pacific 3MT Competition. experts.deakin.edu.au/58267-matthe...

We run the world's only global economics Master's degree based on modern monetary theory (#MMT). Next intake - next month. It comes highly recommended by existing students, graduates and academics, including my friend Stephanie Kelton. modernmoneylab.org.au/courses/

Our global online Masters in Economics typically has 3 broadly defined MMT/macro subjects, 3 ecological economics, 4 heterodox/pluralist and 2 narrowly technical. A good balance I think for an economist in the mid-2020s and beyond. Great teachers too. www.torrens.edu.au/courses/busi...

"The working class cannot vote or lobby its way out of this trap. The Princeton oligarchy study (Gilens and Page 2014) proved what we already know the US government responds to wealthy donors, not voters. " open.substack.com/pub/realprog...

We'll be catching the train to Bristol and Vienna and from Amsterdam to London, and a bus to Sheffield, with a bit of luck. No idea how many will come along as yet, but however many there are, we'll do our best to entertain, enthuse and possibly even educate. September #MMT on tour.

"It’s about doing the right thing, fighting for democracy and for people to not be exploited. And even if we fail, at the very least, we didn’t contribute to the problem.” (Luke Kemp) www.theguardian.com/environment/...

#MMT Sheffield, Sat/Sun 20/21 September, The Foundry. 'The workshop was really well structured, meeting others and listening to their perspectives was very valuable. The movie that reinforced the concepts was really helpful too. Loved every minute.' events.humanitix.com/public-money...

The US needs a reverse-AOC, an MMT informed undercover politican pretending to be a neoliberal democrat.

@climatecasino.net www.abc.net.au/news/2025-07...

Western med article for your moment of doom, @climatecasino.net www.bbc.com/news/article...

We have lecturers in Australia, Austria, France, Germany, New Zealand, the UK and the USA. None who are currently resident in Global South countries yet, but I am working on that. We have students from all over the world. You could join us online- #MMT modernmoneylab.org.au/courses/

Even linkedin gets it

Your 'moment of doom' for June 30, 2025 ~ end times. "The ticks are known to be unusually aggressive and can provoke an allergy in bitten people whereby they cannot eat red meat without enduring a severe reaction, such as breaking out in hives and even the risk of heart attacks."

This weekend is a 100% sell-out. I hope it is as much fun as the last one. p.s. We have the Bristol Anti-Austerity Conference coming up in September, when we might repeat one or both these weekends somewhere outside London, to help justify the trip. modernmoneylab.org.uk/events/money...

Rare snippet of truth in mainstream media: www.abc.net.au/news/2025-06...

I think how persuasive an account is is related to how accurately it represents what it criticizes and to judge that you have to have underlying familiarity with what's being criticized.

I'm sorry @sarahbrouillette.bsky.social but it should be incredibly embarrassing to write "If I understand modern monetary theory at all, it is because I read Merchant’s account of it" in a reputable outlet. If you don't feel capable of assessing an author's claim, just don't comment on the claim!

Your 'moment of doom' for June 16, 2025 ~ F&%ked. "The NSW Nationals also voted on a separate resolution calling on the party to 'embrace coal' as an energy source, keep exisiting coal-fired power stations open and to build new high-efficiency, low -missions coal power stations in the future."

The less than well-informed and the dishonest are trying to imply the UK has a fiscal crisis. Fiscal policy IS wrong, but essentially in the opposite direction to that implied by these numpties. They understand neither the money system nor bond yields. They should come along

Let's get together to challenge the neoliberal narrative in London this June. We'll discuss how we got here, values, ecology, inequality, trade and development, employment and how to build a better future. modernmoneylab.org.uk/events/rethi...

why is the president the only person testing the limits of his power? everyone should see what they can get away with. what if zookeepers gave helicopters to gorillas? nobody has tried this

To the Democratic Party: Make understanding of US monetary operations described below by @stephaniekelton.bsky.social as the mandatory cornerstone of its economic foundation, including a job guarantee, to create a Project 2029 blueprint to take back our democracy.

Sooner or later folks will get with it… scarcity/austerity is an ugly choice being made on our behalf’s. It doesn’t have to be this way. @thetnholler.bsky.social @stephaniekelton.bsky.social @billmitchell.org @austerityismurder.bsky.social

Your 'moment of doom' for June 8, 2025 ~ Climate cliché alert! "The deeper in the ocean they looked, the worse the findings were, the scientists said. At 200 metres below the surface, 60% of global waters had breached the 'safe' limit for acidification." www.theguardian.com/environment/...

We’ve been told we’re “broke” 🇺🇸 for decades. And yet there’s always💰for wars, golden domes, tax breaks for the rich. “Deficit” spending means a surplus into the economy. Spending on the right things - fighting rather than exacerbating harmful inequality - is good actually.