@blockedbritain.bsky.socialDeven wanted to teach physics in Wolverhampton West. The university labs were empty. The shortage was real. The training places existed. Four local graduates wanted them. But the Department for Education said the budget couldn't stretch to connect them.
@mmt-action.bsky.socialA war affecting next month's budget? Only if spending is constrained by external shocks rather than real resources and inflation. What matters: the actual resource impact, not the headline.
@mmt-action.bsky.socialBlaming Iran for fuel prices misses the point. The UK issues the pound. A fuel-price anchor costs nothing in currency terms. The constraint is refining capacity, not the budget.
@lillmagill.bsky.socialThe UK is a currency issuer, it doesn't need to restrict money.
The question is what resources does the country have and how can they be best utilised for the wellbeing of the many.
#MMT
@mmt-action.bsky.socialCut welfare to fund defence is the wrong frame. The currency issuer doesn't choose between programmes by robbing one pot to fill another. It chooses between real resources. Do we have the capacity for both? That's the actual question.
@whispers-actual.bsky.socialIn Defence Of
The Self-Financing State vs Dunn
"the UK Government spends by creating new public deposits at the Bank of England, anchored to Parliament’s authorisation and the future tax power"
#MMT
mmtmichael.substack.com/p/in-defence...
@carlblatro.bsky.socialHow the New Zealand economy actually works. As in not like a household budget.
andrewdicksonnz.substack.com/p/everything...
#nzpol #NewZealand #MMT
@lillmagill.bsky.socialMMT is a description of how money is issued and works in the economy. Even Andrew Bailey at the BoE knows this.
#MMT
@blockedbritain.bsky.socialShaun tried to train as a healthcare assistant in Wigan. The college had empty classrooms. The NHS needed staff. But Westminster's spending caps meant training places didn't open. The building existed. The people existed. The need existed.
@mmt-action.bsky.socialFreeze housing allowance, complain about shortfalls. The chancellor issues the currency. The real question is why a currency issuer chose scarcity over shelter.
@mmt-action.bsky.socialQT isn't about "tightening" finances. The BoE is draining reserves to hit its interest-rate target. That's a separate operation from spending. Confusing the two lets politicians hide behind fiscal rules.
@mmtuk.bsky.socialTrade deficits aren't a sign of losing. They're real goods received for currency. A sovereign nation can run them indefinitely if it governs well. #MMT
@nanalurocks.bsky.social#modernMONETARYtheory is bullshit. It is the dream world of unaccountability; a fantastical underestimating of truth and reality. Everything requires an underpinning in honesty. Otherwise, there is no trueness and #MMT is crap.
@allentien.bsky.social#OOCG #SmaugLogic
#WhyTheMarketsCantFixThemselves #Soros
#FairShare for #ProLifeCourse investments in people for #CommunityProsperity
#HelicalEconomics
@mmt-action.bsky.socialEurope's energy crisis isn't demand-driven inflation; it's a supply shock. Currency-issuing governments can fund capacity, subsidies, and price anchors. The real constraint: real resources and political will, not money.
@mmt-action.bsky.socialThe framing: Thames Water needs a private rescuer or public bailout. Wrong answer. As currency issuer, the government can fund essential water infrastructure without constraint. The real question is whether it will choose to.
@mmt-action.bsky.socialPublic banking is real. Now watch what happens when you ask: who issues the currency, and who decides how much the state can spend? California's AB 857 solves a political problem Westminster created.
@andrewdickson13.bsky.socialSpend instead on employment, electricity, infrastructure and productive capacity and you produce a rather different economy. So this isn't necessarily #MMT. But Swarbrick clearly understands the machinery she’s arguing about. Willis doesn't seem to have the same grasp.
@mmt-action.bsky.social"Aid cuts hurt the poorest" frames scarcity as inevitable. The UK issues sterling. It cut aid because it chose to, not because there wasn't money. That choice has real consequences for real people.