MMT Portugal
@mmt-portugal.bsky.social
Some fuses are short but powerful.
Modern Monetary Theory.
Just a guy on the MMT cyberspace.
Modern Monetary Theory.
Just a guy on the MMT cyberspace.
Pinned
MMT Portugal
@mmt-portugal.bsky.social
· Nov 23
«All transactions between agents in the non-government sector net to zero. This accounting reality means that if the non-government sector wants to net save in the currency of issue, then the government has to be in deficit.», in "Macroeconomics" - Mitchell, Wray, Watts.
Reposted by MMT Portugal
If someone tells you the CO2 is coming out of the sea, they try to fool you. We know exactly where it comes from and where it goes. We emit CO2, about half of that stays in the atmosphere, and a quarter each is taken up by oceans and forests.
Measured facts!
globalcarbonbudget.org/gcb-2025/
Measured facts!
globalcarbonbudget.org/gcb-2025/
December 7, 2025 at 9:38 AM
If someone tells you the CO2 is coming out of the sea, they try to fool you. We know exactly where it comes from and where it goes. We emit CO2, about half of that stays in the atmosphere, and a quarter each is taken up by oceans and forests.
Measured facts!
globalcarbonbudget.org/gcb-2025/
Measured facts!
globalcarbonbudget.org/gcb-2025/
Reposted by MMT Portugal
Thursday's blog post (04/12) is now posted (17:41 EAST) - British Labour's obsession with fiscal rules is untenable and ignores the reality of the situation - billmitchell.org/blog/?p=62980
British Labour’s obsession with fiscal rules is untenable and ignores the reality of the situation – William Mitchell – Modern Monetary Theory
billmitchell.org
December 4, 2025 at 6:41 AM
Thursday's blog post (04/12) is now posted (17:41 EAST) - British Labour's obsession with fiscal rules is untenable and ignores the reality of the situation - billmitchell.org/blog/?p=62980
Reposted by MMT Portugal
First comprehensive investigation shows large support for core ideas of degrowth, but not the label.
Conducted by ICTA-UAB researchers @giorgoskallis.bsky.social & @jasonhickel.bsky.social together with the LSE @lsepoliticsblog.bsky.social
www.uab.cat/web/sala-de-...
Conducted by ICTA-UAB researchers @giorgoskallis.bsky.social & @jasonhickel.bsky.social together with the LSE @lsepoliticsblog.bsky.social
www.uab.cat/web/sala-de-...
First comprehensive investigation shows large support for core ideas of degrowth, but not the label
The first major study into public attitudes toward degrowth – the notion that high-income economies should prioritise wellbeing over growing...
www.uab.cat
December 1, 2025 at 2:31 PM
First comprehensive investigation shows large support for core ideas of degrowth, but not the label.
Conducted by ICTA-UAB researchers @giorgoskallis.bsky.social & @jasonhickel.bsky.social together with the LSE @lsepoliticsblog.bsky.social
www.uab.cat/web/sala-de-...
Conducted by ICTA-UAB researchers @giorgoskallis.bsky.social & @jasonhickel.bsky.social together with the LSE @lsepoliticsblog.bsky.social
www.uab.cat/web/sala-de-...
Reposted by MMT Portugal
Wednesday's blog post (03/12) is now posted (15:09 EAST) - Australian national accounts - government spending saves nation from zero growth - billmitchell.org/blog/?p=62965
Australian national accounts – government spending saves nation from zero growth – William Mitchell – Modern Monetary Theory
billmitchell.org
December 3, 2025 at 4:09 AM
Wednesday's blog post (03/12) is now posted (15:09 EAST) - Australian national accounts - government spending saves nation from zero growth - billmitchell.org/blog/?p=62965
Reposted by MMT Portugal
🆕Un primer estudio integral muestra un gran apoyo a las ideas clave del #decrecimiento, pero no al término.
Un estudio del ICTA-UAB liderado por @jasonhickel.bsky.social & @giorgoskallis.bsky.social revela apoyo en Reino Unido del 74-84 % y en EUA del 67-73 %.
www.uab.cat/web/sala-de-...
Un estudio del ICTA-UAB liderado por @jasonhickel.bsky.social & @giorgoskallis.bsky.social revela apoyo en Reino Unido del 74-84 % y en EUA del 67-73 %.
www.uab.cat/web/sala-de-...
Un primer estudio integral muestra un gran apoyo a las ideas clave del decrecimiento, pero no al término
El primer gran estudio científico realizado para evaluar las actitudes públicas hacia la teoría del decrecimiento revela un apoyo significativo...
www.uab.cat
December 2, 2025 at 11:37 AM
🆕Un primer estudio integral muestra un gran apoyo a las ideas clave del #decrecimiento, pero no al término.
Un estudio del ICTA-UAB liderado por @jasonhickel.bsky.social & @giorgoskallis.bsky.social revela apoyo en Reino Unido del 74-84 % y en EUA del 67-73 %.
www.uab.cat/web/sala-de-...
Un estudio del ICTA-UAB liderado por @jasonhickel.bsky.social & @giorgoskallis.bsky.social revela apoyo en Reino Unido del 74-84 % y en EUA del 67-73 %.
www.uab.cat/web/sala-de-...
Reposted by MMT Portugal
Why there never was a Vibecession in one chart.
It’s always been about the prices of essentials.
It’s always been about the prices of essentials.
November 26, 2025 at 4:42 PM
Why there never was a Vibecession in one chart.
It’s always been about the prices of essentials.
It’s always been about the prices of essentials.
Reposted by MMT Portugal
When you understand monetary operations these guys lose all credibility with regard to public finance:
www.msn.com/en-us/money/...
www.msn.com/en-us/money/...
MSN
www.msn.com
December 1, 2025 at 5:52 PM
When you understand monetary operations these guys lose all credibility with regard to public finance:
www.msn.com/en-us/money/...
www.msn.com/en-us/money/...
Reposted by MMT Portugal
Hear from seven world-leading experts in our January 2026 Economics of Sustainability free lecture series, hosted by Modern Money Lab and TUA.
That's Maryam H'Madoun, Stephanie Kelton, Pavlina Tcherneva, Tim Foxon, John Harvey, Scott Fullwiler and Phil Lawn.
events.humanitix.com/economics-of...
That's Maryam H'Madoun, Stephanie Kelton, Pavlina Tcherneva, Tim Foxon, John Harvey, Scott Fullwiler and Phil Lawn.
events.humanitix.com/economics-of...
Economics of Sustainability 2026 Lecture Series
Free online talks with world leading experts in #MMT and ecological economics.
events.humanitix.com
December 1, 2025 at 1:25 AM
Hear from seven world-leading experts in our January 2026 Economics of Sustainability free lecture series, hosted by Modern Money Lab and TUA.
That's Maryam H'Madoun, Stephanie Kelton, Pavlina Tcherneva, Tim Foxon, John Harvey, Scott Fullwiler and Phil Lawn.
events.humanitix.com/economics-of...
That's Maryam H'Madoun, Stephanie Kelton, Pavlina Tcherneva, Tim Foxon, John Harvey, Scott Fullwiler and Phil Lawn.
events.humanitix.com/economics-of...
Reposted by MMT Portugal
This tired, deeply-damaged man is so needy. He has to have references to him being president on his hat, on his shirt, and on a golf-framed placard next to his overcooked cheeseburger he's almost too-out-of-it to eat.
November 30, 2025 at 5:51 PM
This tired, deeply-damaged man is so needy. He has to have references to him being president on his hat, on his shirt, and on a golf-framed placard next to his overcooked cheeseburger he's almost too-out-of-it to eat.
Reposted by MMT Portugal
Next time Mr Polanski is asked a childish 'gotcha' style question about debt interest, he should say these things, though not perhaps in this order.
1) Google it (apologies to A. Bandt).
2) Debt issuance by the UK Govt is a choice, not a necessity. It is not to fund deficits...
1) Google it (apologies to A. Bandt).
2) Debt issuance by the UK Govt is a choice, not a necessity. It is not to fund deficits...
November 30, 2025 at 7:30 AM
Next time Mr Polanski is asked a childish 'gotcha' style question about debt interest, he should say these things, though not perhaps in this order.
1) Google it (apologies to A. Bandt).
2) Debt issuance by the UK Govt is a choice, not a necessity. It is not to fund deficits...
1) Google it (apologies to A. Bandt).
2) Debt issuance by the UK Govt is a choice, not a necessity. It is not to fund deficits...
Raising interest rates or having "responsible budgets" contribute zero for EU's security and sovereignty. But bending to the demands of big tech social media platforms that are biased towards far right populist propaganda, will sink EU's already fragile democracies and tear them appart.
The week Europe realised it stands alone against Russian expansionism
Washington’s Putin-appeasing plan for peace in Ukraine has failed, but many heard death knell sounded for European reliance on US protection
www.theguardian.com
November 29, 2025 at 11:33 AM
Raising interest rates or having "responsible budgets" contribute zero for EU's security and sovereignty. But bending to the demands of big tech social media platforms that are biased towards far right populist propaganda, will sink EU's already fragile democracies and tear them appart.
Raising interest rates or having "responsible budgets" are of zero use for this problem. Also, bending to the car industry instead of massive public transportation in EU was an active contribution to this. The EU with the priorities reversed.
Revealed: Europe’s water reserves drying up due to climate breakdown
Exclusive: UCL scientists find large swathes of southern Europe are drying up, with ‘far-reaching’ implications
www.theguardian.com
November 29, 2025 at 11:24 AM
Raising interest rates or having "responsible budgets" are of zero use for this problem. Also, bending to the car industry instead of massive public transportation in EU was an active contribution to this. The EU with the priorities reversed.
Reposted by MMT Portugal
We had a night of Russian culture today. You ask, what is a night of Russian culture? It's when Russian missiles and drones fly to kill you and your family. Russian culture is a culture of a hierarchy of violence, where a slave who gets a weapon becomes a despot.
November 29, 2025 at 9:27 AM
We had a night of Russian culture today. You ask, what is a night of Russian culture? It's when Russian missiles and drones fly to kill you and your family. Russian culture is a culture of a hierarchy of violence, where a slave who gets a weapon becomes a despot.
Reposted by MMT Portugal
A sub-field of science looks at whether the Atlantic ocean circulation #AMOC has weakened. Direct measurements suggest yes but only started in 2004. So people look at temperature and salinity data.
A new study finds a robust slowdown fingerprint at 1000–2000 m depth.
www.nature.com/articles/s43...
A new study finds a robust slowdown fingerprint at 1000–2000 m depth.
www.nature.com/articles/s43...
Equatorial Atlantic mid-depth warming indicates Atlantic meridional overturning circulation slowdown - Communications Earth & Environment
Mid-depth warming in the equatorial Atlantic Ocean serves as a fingerprint of a slowdown of the Atlantic Meridional Overturning Circulation on decadal scales, according to ocean model experiments, and...
www.nature.com
November 28, 2025 at 10:45 AM
A sub-field of science looks at whether the Atlantic ocean circulation #AMOC has weakened. Direct measurements suggest yes but only started in 2004. So people look at temperature and salinity data.
A new study finds a robust slowdown fingerprint at 1000–2000 m depth.
www.nature.com/articles/s43...
A new study finds a robust slowdown fingerprint at 1000–2000 m depth.
www.nature.com/articles/s43...
Reposted by MMT Portugal
@nofinancialedu.bsky.social Thursday's blog post (27/11) is now posted (13:10 EAST) - Panel of Japanese economists mired in erroneous mainstream constructions and logic - billmitchell.org/blog/?p=62953 #mmt
Panel of Japanese economists mired in erroneous mainstream constructions and logic – William Mitchell – Modern Monetary Theory
billmitchell.org
November 27, 2025 at 2:10 AM
@nofinancialedu.bsky.social Thursday's blog post (27/11) is now posted (13:10 EAST) - Panel of Japanese economists mired in erroneous mainstream constructions and logic - billmitchell.org/blog/?p=62953 #mmt
Reposted by MMT Portugal
“The year featured a record number of violent incidents over water around the world, far surpassing the 355 in 2023, continuing a steeply rising trend. The violence more than quadrupled in the last five years.” www.latimes.com/environment/...
Violent conflict over water hit a record last year
Violence over water is on the rise worldwide. Researchers counted a record 420 incidents of conflict in 2024, many in Ukraine and the Middle East.
www.latimes.com
November 27, 2025 at 8:17 PM
“The year featured a record number of violent incidents over water around the world, far surpassing the 355 in 2023, continuing a steeply rising trend. The violence more than quadrupled in the last five years.” www.latimes.com/environment/...
Portugal: the usual, house prices. Plus, this week, enslaved immigrants that were being held under "short leash" on the farms by Police officers (the criminal organization is now dismantled), but that's for another post. www.euronews.com/business/202...
Cost of housing per square metre hits all-time high in Portugal
The lack of affordable housing has become a pressing issue for Portugal's government, headed by Prime Minister Luís Montenegro. A shortage of stock continues to push prices up, while high foreign dema...
www.euronews.com
November 27, 2025 at 11:34 PM
Portugal: the usual, house prices. Plus, this week, enslaved immigrants that were being held under "short leash" on the farms by Police officers (the criminal organization is now dismantled), but that's for another post. www.euronews.com/business/202...
Reposted by MMT Portugal
We have two scholarship opportunities relating to our Graduate Economics of Sustainability program (MMT and ecological economics).
1) Up to 10 Global South Scholarships every trimester covering 90% of tuition fees leading to the 4-subject Graduate Certificate, for February, June or September start.
1) Up to 10 Global South Scholarships every trimester covering 90% of tuition fees leading to the 4-subject Graduate Certificate, for February, June or September start.
November 27, 2025 at 12:31 PM
We have two scholarship opportunities relating to our Graduate Economics of Sustainability program (MMT and ecological economics).
1) Up to 10 Global South Scholarships every trimester covering 90% of tuition fees leading to the 4-subject Graduate Certificate, for February, June or September start.
1) Up to 10 Global South Scholarships every trimester covering 90% of tuition fees leading to the 4-subject Graduate Certificate, for February, June or September start.
Reposted by MMT Portugal
Giving in to authoritarianism rather than sticking up for free speech. What has become of the BBC?
I wish I didn’t have to share this. But the BBC has decided to censor my first Reith Lecture.
They deleted the line in which I describe Donald Trump as “the most openly corrupt president in American history.” /1
They deleted the line in which I describe Donald Trump as “the most openly corrupt president in American history.” /1
November 25, 2025 at 1:02 PM
Giving in to authoritarianism rather than sticking up for free speech. What has become of the BBC?
It's possible to send to prison ex-Predidents for coup plots.
Brazil: Bolsonaro starts serving 27-year prison sentence for coup plot
Brazil's former leader has exhausted his appeals and will start his prison term at a police station in Brasilia.
www.bbc.com
November 25, 2025 at 8:54 PM
It's possible to send to prison ex-Predidents for coup plots.
The EU commissioner Maria Luis Albuquerque wants everybody in EU to have a hybrid social security pension scheme (public + private) because public pensions might be at risk in the future. Let's recall what Alan Greenspan said. Private finance also needs bailouts by governments every now and then.
Greenspan: "There is nothing to prevent the government from creating as much money as it wants."
YouTube video by wonkmonk
www.youtube.com
November 24, 2025 at 10:00 PM
The EU commissioner Maria Luis Albuquerque wants everybody in EU to have a hybrid social security pension scheme (public + private) because public pensions might be at risk in the future. Let's recall what Alan Greenspan said. Private finance also needs bailouts by governments every now and then.
Reposted by MMT Portugal
When a government speaks responsibly about climate risks. Iceland's climate minister Jóhannsson:
"We believe that confronting climate tipping points and the risks they pose openly is not a sign of 'pessimism' or 'alarmism' but a sign of realism and responsibility."
youtu.be/B-0eQnEEsYA?...
"We believe that confronting climate tipping points and the risks they pose openly is not a sign of 'pessimism' or 'alarmism' but a sign of realism and responsibility."
youtu.be/B-0eQnEEsYA?...
After COP30 Fire and Floods: AMOC Shutdown
YouTube video by International Cryosphere Climate Initiative
youtu.be
November 23, 2025 at 6:43 PM
When a government speaks responsibly about climate risks. Iceland's climate minister Jóhannsson:
"We believe that confronting climate tipping points and the risks they pose openly is not a sign of 'pessimism' or 'alarmism' but a sign of realism and responsibility."
youtu.be/B-0eQnEEsYA?...
"We believe that confronting climate tipping points and the risks they pose openly is not a sign of 'pessimism' or 'alarmism' but a sign of realism and responsibility."
youtu.be/B-0eQnEEsYA?...
Reposted by MMT Portugal
“The lifetime emissions generated by every 3.5 Americans today will kill one person by the end of the century.”https://www.project-syndicate.org/commentary/measure-climate-progress-in-lives-improved-by-gernot-wagner-2025-11?
How to Measure Climate Progress
Gernot Wagner thinks tackling the problem is justified on social and economic grounds, not existential ones.
www.project-syndicate.org
November 24, 2025 at 3:07 AM
“The lifetime emissions generated by every 3.5 Americans today will kill one person by the end of the century.”https://www.project-syndicate.org/commentary/measure-climate-progress-in-lives-improved-by-gernot-wagner-2025-11?
Reposted by MMT Portugal
Monday's blog post (24/11) is now posted (15:23 EAST) - Corporate welfare is rife in Japan’s banking sector - billmitchell.org/blog/?p=62931
Corporate welfare is rife in Japan’s banking sector – William Mitchell – Modern Monetary Theory
billmitchell.org
November 24, 2025 at 4:23 AM
Monday's blog post (24/11) is now posted (15:23 EAST) - Corporate welfare is rife in Japan’s banking sector - billmitchell.org/blog/?p=62931