Reposted by Baltic
I interrupted my EU5 series to address some of the MMT wrangling in the U.K.
open.substack.com/pub/bondecon...
open.substack.com/pub/bondecon...
UK MMT Wrangling
There’s been a rise of Modern Monetary Theory (MMT) wrangling on my Bluesky timeline, largely the result of intra-left mudslinging.
open.substack.com
December 5, 2025 at 7:46 PM
I interrupted my EU5 series to address some of the MMT wrangling in the U.K.
open.substack.com/pub/bondecon...
open.substack.com/pub/bondecon...
Reposted by Baltic
I know if Murphy & have listened to some of his YouTube videos
I don’t care that he calls himself an MMTer
But he disagrees with some core MMT stuff that the founders say is a core part of MMT
Like it’s part of what defines MMT. Example is a Job Guarantee
No Job Guarantee, no MMT
I don’t care that he calls himself an MMTer
But he disagrees with some core MMT stuff that the founders say is a core part of MMT
Like it’s part of what defines MMT. Example is a Job Guarantee
No Job Guarantee, no MMT
December 4, 2025 at 11:32 PM
I know if Murphy & have listened to some of his YouTube videos
I don’t care that he calls himself an MMTer
But he disagrees with some core MMT stuff that the founders say is a core part of MMT
Like it’s part of what defines MMT. Example is a Job Guarantee
No Job Guarantee, no MMT
I don’t care that he calls himself an MMTer
But he disagrees with some core MMT stuff that the founders say is a core part of MMT
Like it’s part of what defines MMT. Example is a Job Guarantee
No Job Guarantee, no MMT
Nah, I'm happy for anyone to mention it in my presence ... as long as they have the first idea what MMT actually is.
November 20, 2025 at 3:20 PM
Nah, I'm happy for anyone to mention it in my presence ... as long as they have the first idea what MMT actually is.
Don't hold your breath 👍
November 20, 2025 at 3:19 PM
Don't hold your breath 👍
Reposted by Baltic
Six years ago today, I was trying to get a single health policy idea out of the longest serving Shadow Health secretary in history.
He was more up for selfies.
He is, of course, famous for clogging up TV sofas after losing his seat.
He was more up for selfies.
He is, of course, famous for clogging up TV sofas after losing his seat.
June 10, 2025 at 9:55 AM
Six years ago today, I was trying to get a single health policy idea out of the longest serving Shadow Health secretary in history.
He was more up for selfies.
He is, of course, famous for clogging up TV sofas after losing his seat.
He was more up for selfies.
He is, of course, famous for clogging up TV sofas after losing his seat.
Reposted by Baltic
WOW!! 🔥
🧶Untangle the complex threads of Socialist Tradition & weave in a little MMT with Varn & @austerityismurder.bsky.social 📚 Listen now and save yourself like 15 years of heavy reading! 🙃 #Marx #Lenin #Stalin #Trotsky #anarchy #socialism #communism #MMT
realprogressives.org/mnc-podcast-...
🧶Untangle the complex threads of Socialist Tradition & weave in a little MMT with Varn & @austerityismurder.bsky.social 📚 Listen now and save yourself like 15 years of heavy reading! 🙃 #Marx #Lenin #Stalin #Trotsky #anarchy #socialism #communism #MMT
realprogressives.org/mnc-podcast-...
Episode 331 - The Red Thread: A History of Socialist Tradition with C. Derick Varn
C. Derick Varn, host of Varn Vlog, talks about the complexities of leftist ideologies and the historical context of sectarian splintering. Part One of a two part discussion.
realprogressives.org
June 7, 2025 at 12:11 PM
WOW!! 🔥
🧶Untangle the complex threads of Socialist Tradition & weave in a little MMT with Varn & @austerityismurder.bsky.social 📚 Listen now and save yourself like 15 years of heavy reading! 🙃 #Marx #Lenin #Stalin #Trotsky #anarchy #socialism #communism #MMT
realprogressives.org/mnc-podcast-...
🧶Untangle the complex threads of Socialist Tradition & weave in a little MMT with Varn & @austerityismurder.bsky.social 📚 Listen now and save yourself like 15 years of heavy reading! 🙃 #Marx #Lenin #Stalin #Trotsky #anarchy #socialism #communism #MMT
realprogressives.org/mnc-podcast-...
Reposted by Baltic
5. Both currency depreciation and geopolitical shocks that raise the price of imports are examples of what economists call 'importing inflation'.
Modern Monetary Theory (MMT) versus Orthodox Economists on Inflation — Who’s Right?
tinyurl.com/yfcd3j89
Modern Monetary Theory (MMT) versus Orthodox Economists on Inflation — Who’s Right?
tinyurl.com/yfcd3j89
Modern Monetary Theory (MMT) versus Orthodox Economists on Inflation — Who’s Right?
A plain language introduction to understanding inflation. Comparing mainstream and MMT approaches.
tinyurl.com
June 3, 2025 at 8:45 AM
5. Both currency depreciation and geopolitical shocks that raise the price of imports are examples of what economists call 'importing inflation'.
Modern Monetary Theory (MMT) versus Orthodox Economists on Inflation — Who’s Right?
tinyurl.com/yfcd3j89
Modern Monetary Theory (MMT) versus Orthodox Economists on Inflation — Who’s Right?
tinyurl.com/yfcd3j89
Reposted by Baltic
2. We will be talking about MMT and more. With Steve you can always expect ‘more’ and he always delivers - because the man’s a force of nature. :-)
Keep well, keep busy and have a good Sunday.
Keep well, keep busy and have a good Sunday.
May 25, 2025 at 9:17 AM
2. We will be talking about MMT and more. With Steve you can always expect ‘more’ and he always delivers - because the man’s a force of nature. :-)
Keep well, keep busy and have a good Sunday.
Keep well, keep busy and have a good Sunday.
Reposted by Baltic
"Second, we do not believe that any and all inflation that does result from excessive demand can and should be addressed by higher taxes. This is a distortion of our view, as years of publications can attest. When MMT says that a major role of taxes is to help offset demand rather than generate ...
May 23, 2025 at 5:40 AM
"Second, we do not believe that any and all inflation that does result from excessive demand can and should be addressed by higher taxes. This is a distortion of our view, as years of publications can attest. When MMT says that a major role of taxes is to help offset demand rather than generate ...
Reposted by Baltic
I do my best to write about Modern Monetary Theory (MMT) in plain language. It’s not always possible - so for that reason I wrote my ‘jargon buster’ documents – where I define any jargon I use.
You will find part 1 here: tinyurl.com/yman37m2
Parts 2, 3 and 4 are linked.
You will find part 1 here: tinyurl.com/yman37m2
Parts 2, 3 and 4 are linked.
MMT Economics Jargon Buster - Part 1 (A Thu to F)
If you’re new to MMT, you’ll need a reference. In this series of articles, I define the most commonly used terms.
tinyurl.com
May 15, 2025 at 8:50 AM
I do my best to write about Modern Monetary Theory (MMT) in plain language. It’s not always possible - so for that reason I wrote my ‘jargon buster’ documents – where I define any jargon I use.
You will find part 1 here: tinyurl.com/yman37m2
Parts 2, 3 and 4 are linked.
You will find part 1 here: tinyurl.com/yman37m2
Parts 2, 3 and 4 are linked.
Reposted by Baltic
Thames Water boss tells regulator to be lenient over fines/penalties.
TW has abused customers since 1989. Despite 187 criminal convictions, it dumps sewage , borrows money to pay dividends, neglects investment.
Directors must be fined and prosecuted.
Nationalise water.
TW has abused customers since 1989. Despite 187 criminal convictions, it dumps sewage , borrows money to pay dividends, neglects investment.
Directors must be fined and prosecuted.
Nationalise water.
Thames Water: Please don't fine us, company asks regulator
Water firm boss tells MPs company's survival depends on special treatment from the industry regulator.
www.bbc.co.uk
May 13, 2025 at 7:42 PM
Thames Water boss tells regulator to be lenient over fines/penalties.
TW has abused customers since 1989. Despite 187 criminal convictions, it dumps sewage , borrows money to pay dividends, neglects investment.
Directors must be fined and prosecuted.
Nationalise water.
TW has abused customers since 1989. Despite 187 criminal convictions, it dumps sewage , borrows money to pay dividends, neglects investment.
Directors must be fined and prosecuted.
Nationalise water.
Different day, same neoliberal framing 🤦
"We constantly hear there’s no money left,” Polanski said, “but actually there is a lot of wealth in this country… but we are taxing people who are working really hard far more than we’re taxing wealth.” He added: “that’s totally the wrong way round!”
www.newstatesman.com/the-weekend-...
www.newstatesman.com/the-weekend-...
The eco-populist against net-zero
Zack Polanski is looking to lead the Green Party, and to challenge Labour's climate policy from the left.
www.newstatesman.com
May 10, 2025 at 11:06 AM
Different day, same neoliberal framing 🤦
Found another one who doesn't understand #MMT but thinks their opinion on the matter should be taken seriously 🤦
yes, this is where I lean most MMT
(MMT: mostly bollocks but I like the idea of pushing seigniorage to limits, to achieve investment and hot labour market)
(MMT: mostly bollocks but I like the idea of pushing seigniorage to limits, to achieve investment and hot labour market)
May 2, 2025 at 2:44 PM
Found another one who doesn't understand #MMT but thinks their opinion on the matter should be taken seriously 🤦
Reposted by Baltic
Petty snark. MMT economists chair econ departments, edit academic journals, produce hundreds of PhD students, author thousands of peer-reviewed articles, (text)books, etc.
I also think news orgs can get tricked b/c they see other respectable news orgs citing a person as an expert on something or other, and assume the other respectable news org must have done proper vetting. Don't assume that
(This is basically how we got a bunch of puff pieces on MMT a few years ago)
(This is basically how we got a bunch of puff pieces on MMT a few years ago)
April 15, 2025 at 12:18 PM
Petty snark. MMT economists chair econ departments, edit academic journals, produce hundreds of PhD students, author thousands of peer-reviewed articles, (text)books, etc.
Reposted by Baltic
Spread the word.
“Anything we can actually do, we can afford.”
— John Maynard Keynes
#MMT #UniversalJobGuarantee #DeficitMyth #FiatCurrencyIsaKeystroke #FiatCurrencyIsAnAccountingLedgerItem
“Anything we can actually do, we can afford.”
— John Maynard Keynes
#MMT #UniversalJobGuarantee #DeficitMyth #FiatCurrencyIsaKeystroke #FiatCurrencyIsAnAccountingLedgerItem
“anything we can actually do, we can afford”
stamp this on the head of anyone who asks how we can afford universal health care or universal child care or public pensions or free college
stamp this on the head of anyone who asks how we can afford universal health care or universal child care or public pensions or free college
Posting this extract from a lecture by John Maynard Keynes, speaking on the BBC in the middle of the Second World War, to every Labour cabinet minister
April 8, 2025 at 2:26 PM
Spread the word.
“Anything we can actually do, we can afford.”
— John Maynard Keynes
#MMT #UniversalJobGuarantee #DeficitMyth #FiatCurrencyIsaKeystroke #FiatCurrencyIsAnAccountingLedgerItem
“Anything we can actually do, we can afford.”
— John Maynard Keynes
#MMT #UniversalJobGuarantee #DeficitMyth #FiatCurrencyIsaKeystroke #FiatCurrencyIsAnAccountingLedgerItem
Reposted by Baltic
Clearly, the way to get away with protests in the UK is to bring farm equipment. Also, protests are supposed to be disruptive.
London Police Arrest Gaza Protest Planners at Quaker House (Gift Article)
Quakers in Britain said the raid, in which six youth activists unaffiliated with the religious group were arrested, “clearly shows what happens when a society criminalizes protest.”
www.nytimes.com
March 31, 2025 at 9:09 AM
Clearly, the way to get away with protests in the UK is to bring farm equipment. Also, protests are supposed to be disruptive.
Reposted by Baltic
15 minute read on the extensive ties between Labour and the world's most exploitative companies. Lobbying firms that peddle political influence and access to MPs are full of Labour insiders 👇https://labourrightwatch.wordpress.com/2025/03/16/lobbyistshttps://tinyurl.com/5hujcbhm
Lobbyists: The firms that pressure politicians on behalf of the world’s most unethical organisations
30 of the UK’s most active lobbying houses and their links to the Labour party
labourrightwatch.wordpress.com
March 31, 2025 at 9:13 AM
15 minute read on the extensive ties between Labour and the world's most exploitative companies. Lobbying firms that peddle political influence and access to MPs are full of Labour insiders 👇https://labourrightwatch.wordpress.com/2025/03/16/lobbyistshttps://tinyurl.com/5hujcbhm
Reposted by Baltic
🧀 If you’re trying to understand modern money theory or you want to explain MMT to others, this is the episode. Economist L. Randall Wray explains the basics and debunks the myths that hold us back. realprogressives.org/mnc-podcast-...
Episode 321 - Modern Money with L. Randall Wray
If you’re trying to understand modern money theory or you want to explain MMT to others, this is the episode. Economist L. Randall Wray explains the basics and debunks the myths that hold us back.
realprogressives.org
March 29, 2025 at 12:08 PM
🧀 If you’re trying to understand modern money theory or you want to explain MMT to others, this is the episode. Economist L. Randall Wray explains the basics and debunks the myths that hold us back. realprogressives.org/mnc-podcast-...
Reposted by Baltic
Happy Monday to all you beautiful commie bastards out there x
March 24, 2025 at 7:50 AM
Happy Monday to all you beautiful commie bastards out there x
Reposted by Baltic
Wes Streeting is implying that getting a psychiatric diagnosis gives access to disability benefits.
This is untrue.
PIP is based on functionality and you have to be disabled++, with extensive evidence from experts, to qualify.
No psychiatric diagnosis grants automatic access.
This is untrue.
PIP is based on functionality and you have to be disabled++, with extensive evidence from experts, to qualify.
No psychiatric diagnosis grants automatic access.
March 17, 2025 at 10:45 AM
Wes Streeting is implying that getting a psychiatric diagnosis gives access to disability benefits.
This is untrue.
PIP is based on functionality and you have to be disabled++, with extensive evidence from experts, to qualify.
No psychiatric diagnosis grants automatic access.
This is untrue.
PIP is based on functionality and you have to be disabled++, with extensive evidence from experts, to qualify.
No psychiatric diagnosis grants automatic access.
Reposted by Baltic
Reposted by Baltic
Politicians for Sale.
UK political parties accepted £100m in donations in 2024.
Donations are bribes made to exercise influence, subvert public choices and ensure that corporations/rich rule.
Normal people can't compete.
Can't cleanse politics without banning donations.
UK political parties accepted £100m in donations in 2024.
Donations are bribes made to exercise influence, subvert public choices and ensure that corporations/rich rule.
Normal people can't compete.
Can't cleanse politics without banning donations.
Tory donations twice as high as Labour’s in last part of 2024
Conservatives raised nearly £2m, Labour £1m and Reform £280,000 from donors in last three months of year
www.theguardian.com
March 8, 2025 at 2:51 PM
Politicians for Sale.
UK political parties accepted £100m in donations in 2024.
Donations are bribes made to exercise influence, subvert public choices and ensure that corporations/rich rule.
Normal people can't compete.
Can't cleanse politics without banning donations.
UK political parties accepted £100m in donations in 2024.
Donations are bribes made to exercise influence, subvert public choices and ensure that corporations/rich rule.
Normal people can't compete.
Can't cleanse politics without banning donations.
Reposted by Baltic
#CriminalJustice
#GuildfordFour
There's an increasingly authoritarian direction of travel with Starmer's Govt
'50 years on, lessons from that monumental miscarriage of justice have “all been eroded” with senior judges back to pushing for guilty verdicts'
morningstaronline.co.uk/article/brit...
#GuildfordFour
There's an increasingly authoritarian direction of travel with Starmer's Govt
'50 years on, lessons from that monumental miscarriage of justice have “all been eroded” with senior judges back to pushing for guilty verdicts'
morningstaronline.co.uk/article/brit...
Britain returning to ‘bad old days’ of the Birmingham Six
morningstaronline.co.uk
March 7, 2025 at 11:25 AM
#CriminalJustice
#GuildfordFour
There's an increasingly authoritarian direction of travel with Starmer's Govt
'50 years on, lessons from that monumental miscarriage of justice have “all been eroded” with senior judges back to pushing for guilty verdicts'
morningstaronline.co.uk/article/brit...
#GuildfordFour
There's an increasingly authoritarian direction of travel with Starmer's Govt
'50 years on, lessons from that monumental miscarriage of justice have “all been eroded” with senior judges back to pushing for guilty verdicts'
morningstaronline.co.uk/article/brit...
Reposted by Baltic
