D.C.Murray
@t_chieftan
If we're to provide an improved standard of living to generations to come then we need to build resilience at the most local level possible and scale it up
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Holyrood isn’t a govt. It can’t issue currency. W’minster does & uses the currency transfer system to fund regions. The block grant is deliberately restricted so London controlled parties can criticise the SNP when it can’t do things bc it doesn’t have the required fiscal power.
MMT pierces the veil that shrouds us from the most obvious lies. Until MMT activists understand THIS is why the artificial scarcity narrative and the fake debt nonsense sticks. It isnt that they are stupid, its that they expect us to be and use OUR ignorance of capital, capital…
Well done Greenland policy makers!
Greenland’s Parliament has today passed a new law making it harder for foreigners to buy property or obtain land-use rights in Greenland 🇬🇱 No members voted against the bill, though six MPs from the pro-independence party Naleraq abstained. In Greenland, land cannot be…
As far as I can see, "Kilts" are a marketing tool for gilts. There is no difference - both are UK£ bonds. The credit ratings agencies understand this. It speaks volumes that economists, media and politicians are jumping around excitedly buying into the propaganda
This is hilarious. The credit rating agencies have made it clear that these ratings are dependent on Scotland being in the UK. The very definition of an own goal by the SNP.
If you don't understand 'the price level' is a function of prices paid by gov you don't understand monetary operations. moslereconomics.com/wp-content/upl…
Dissect the myths around #FederalReserve independence and its real economic and social impact on #WorkingClass people. New episode ft. L. Randall Wray drops Sat. 11/15 @ 8 pm ET. #LearnMMT #Tariffs #Inflation Find all our ep. @: realprogressives.org/macro-n-cheese/
Yoon Code for: "Oh! I didn't expect a coherent answer."
This is just fantasy, isn't it? How far the indy movement has fallen 🤔
“the Myth of Barter, which says that money arose as a means to solve the problem of barter, supports a vision of money as a commodity, and a vision of money as a commodity supports political austerity campaigns whilst protecting the interests of the creditor class”
Some people think that niche debates about the nature of money, and the history of money, are just for pedantic intellectuals who want to geek out The reality, though, is that so much of contemporary politics relies upon economic myths, and myths about money are a big sub-set of…
Unionists scream “we’d be too small!” Ireland’s economy is booming. Denmark is a design powerhouse. New Zealand is a global brand. Small, independent nations THRIVE. It’s the bloated, dysfunctional UK that’s the liability. #ModernScotland
I really could scream. We are at 5% unemployment, thats millions of people who risk loosing their houses. Its caused by too high tax. The right want us to believe the government is spending too much. The left wants us to know more tax is needed to pay for stuff.
There is no middle class. There’s capital owning class and working class. Anyone who depends on a salary for income is working class. The middle class is an invention of the capital owning class to divide the working class.
Unemployment is a sign that either taxes are too high or govt spending is too low. It’s that simple.
"#China ignored Western economists and achieved 8.5% growth by doing the OPPOSITE of what textbooks recommend!" Dr Steve Keen Dr Steve Keen demonstrating the power of the spreadsheet over abstract modelling based on ideologically rooted assumptions. Photo by MeJudice CC BY 3.0
Scotland votes the way it does and England over rules it or uses paid house jocks to affect an outcome. That isn't a union.
Bless. Susan thinks putting food in the stomachs of starving children encourages promiscuity in the great unwashed. Silly Susan.
Scraping the 2child limit is unacceptable to those of us that only had two children because it’s all we could afford.Some people can’t afford to have children yet would be asked to contribute to others who have them regardless and expect the ‘state’ to step in.Limit should stay
The fact China is a huge exporter is because it has invested domestically and grown its productive capacity with govt and private investment while the west has evolved into a parasitic finance driven service economy.
Just scanning the medium article.Govt debt is not a problem. It should be allowed to float. Govt does not face fiscal constraints like a household. Keynes knew that. Fiscal rules are self imposed stupidity. >
Completely agree. So much useful information on the economy and social policy. Well worth your time. Steve is based in the US but there hasn't been an episode that isn't relatable to Scotland or the UK.
Real Progressives has produced so much quality content in its flagship @CheeseMacro podcast you'd have to listen to an episode a day for nearly a year to get through the entire library.
Muscatelli does not understand the difference between a currency issuer (the UK) and a currency user (Scotland). Neither does Anas Sarwar, his acolytes, nor indeed his chums from the UK government.
Every region of Scotland has untapped potential. The Muscatelli Report shows how we can use the levers we already have to unlock that growth and build a stronger national economy.
This is undeniably provably correct.
In a Scottish context, our public service news is run from the neighbouring country and is institutionally antagonistic to the very idea of Scottish independence so by that measure it is always going to produce a politically biased output.
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