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MMT101.ORG
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Learn Modern Monetary Theory (MMT) economics so you can help change the world for the better. https://mmt101.substack.com
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6. Start here: How Government Spending Actually Works and Why It's Different From What You Hear on TV

tinyurl.com/ynu2rkhd
'Black Holes' and Other Government Finance Fibs: Modern Monetary Theory (MMT) on UK Government Spending
Everything you think you know about UK Government spending is wrong
tinyurl.com
November 12, 2025 at 8:30 AM
Reposted by MMT101.ORG
1. Debt is just a number on a spreadsheet for currency issuing governments. This means that austerity policies are political not anything to do with having a ‘black hole in the finances’. Knowing that you can point it out to others - i.e., people who vote.
November 12, 2025 at 8:30 AM
Reposted by MMT101.ORG
Source: The Guardian
search.app/wDeVC
November 16, 2025 at 1:21 PM
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November 17, 2025 at 8:19 AM
New on MMT101: My chat with Anne Maxwell and Kevin Gaynor on the RadioMMT podcast

Why austerity doesn't work, my new MMT introductory course, what post-colonial countries can learn from MMT and why Scotland needs independence

mmt101.substack.com/p/my-chat-wi...
My chat with Anne Maxwell and Kevin Gaynor on the RadioMMT podcast
How best to spread the MMT message, why austerity doesn't work, my new MMT introductory course, what post-colonial countries can learn from MMT and why Scotland needs independence
mmt101.substack.com
November 16, 2025 at 4:28 PM
MMT101.ORG
@MMT101DotORG
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1. Tax revenues don't pay for services. All government spending is new money. There can be no tax revenue unless the government has first spent money into the economy.

The UK Government is the monopoly issuer of net new UK pounds.
November 15, 2025 at 8:39 AM
Reposted by MMT101.ORG
The UK Government’s decision to strike down gender reforms in Scotland shows why the country needs independence, Alan Cumming has said, as he told Westminster to 'get your boots off our necks'
UK blocking Scotland’s gender reforms proves need for independence, Alan Cumming says
www.thenational.scot
November 13, 2025 at 5:39 PM
MMT101 is for people who believe we can build a fairer, greener world by understanding how our monetary system works.

Subscribe to join the quest for a fairer, better world by learning how the economy, money, and government funding really work

mmt101.substack.com/subscribe
Subscribe to MMT101.ORG - Learn Modern Monetary Theory (MMT)
For people who believe we can build a fairer, greener world by understanding how our monetary system works. Click to read MMT101.ORG - Learn Modern Monetary Theory (MMT), by Jim Byrne - MMT101.ORG, a ...
mmt101.substack.com
November 13, 2025 at 1:33 PM
1. Debt is just a number on a spreadsheet for currency issuing governments. This means that austerity policies are political not anything to do with having a ‘black hole in the finances’. Knowing that you can point it out to others - i.e., people who vote.
November 12, 2025 at 8:30 AM
Reposted by MMT101.ORG
Completely unacceptable and, as we know, entirely political.
bsky.app/profile/lear...
1. I keep reading critics use the phrase 'MMTers believes that governments can just create more money' - I have to correct this. It's not a belief. For currency issuing government like the US and UK they literally can create infinite amounts of money. It's a fact not a belief.
November 10, 2025 at 10:52 AM
1. Those in poverty are denied the opportunity to reach their potential; to have healthy, fulfilled, productive lives. The economy misses their creativity, their contribution. Governments, with unlimited finance - let those lives be wasted. Spend to realise that potential.
November 10, 2025 at 9:30 PM
1. I keep reading critics use the phrase 'MMTers believes that governments can just create more money' - I have to correct this. It's not a belief. For currency issuing government like the US and UK they literally can create infinite amounts of money. It's a fact not a belief.
November 10, 2025 at 10:07 AM
1. My reply to a comment about the NHS's being underfunded.

And there’s no need for this underfunding. The UK Government runs what’s called a Fiat currency - i.e. it issues the currency and it is not backed up by a physical commodity.
November 10, 2025 at 8:29 AM
Reposted by MMT101.ORG
Join me as I paddle in the birthing pool of Modern Monetary Theory (MMT).

tinyurl.com/bddy6xj5
Bill & Warren's Excellent MMT Adventure and the 1990s Post Keynesian Thought Discussion Group
Join me as I paddle in the birthing pool of Modern Monetary Theory (MMT)
tinyurl.com
November 6, 2025 at 9:32 AM
Reposted by MMT101.ORG
Why else have citizens 'never had it so bad' since the 1980s? I'll tell you why: neoliberal economics. It's not really a branch of economics it's a branch of politics. It has resulted in greater poverty, greater inequality and a planet that will kill you.
November 7, 2025 at 12:27 PM
Reposted by MMT101.ORG
1. The most basic building block of orthodox economics, i.e., the demand and supply curve - is false. As Steve Keen and Carmen Costeapoint out:

"Though it is no longer an active area of research by economists, the Marshallian theory of the firm is still central to introductory
November 7, 2025 at 11:23 AM
Reposted by MMT101.ORG
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.
May 25, 2025 at 9:17 AM
Reposted by MMT101.ORG
Lies, lies, lies and more lies.
November 9, 2025 at 12:04 PM
New on MMT101: My MMT Top Ten (Updated): Modern Monetary Theory’s Best Ideas Explained
mmt101.substack.com/p/my-mmt-top...
My MMT Top Ten (Updated): Modern Monetary Theory’s Best Ideas Explained
MMT Economics: Your guide to the most powerful insights from Modern Monetary Theory.
mmt101.substack.com
November 10, 2025 at 8:00 AM
Why else have citizens 'never had it so bad' since the 1980s? I'll tell you why: neoliberal economics. It's not really a branch of economics it's a branch of politics. It has resulted in greater poverty, greater inequality and a planet that will kill you.
November 7, 2025 at 12:27 PM
1. The most basic building block of orthodox economics, i.e., the demand and supply curve - is false. As Steve Keen and Carmen Costeapoint out:

"Though it is no longer an active area of research by economists, the Marshallian theory of the firm is still central to introductory
November 7, 2025 at 11:23 AM
Join me as I paddle in the birthing pool of Modern Monetary Theory (MMT).

tinyurl.com/bddy6xj5
Bill & Warren's Excellent MMT Adventure and the 1990s Post Keynesian Thought Discussion Group
Join me as I paddle in the birthing pool of Modern Monetary Theory (MMT)
tinyurl.com
November 6, 2025 at 9:32 AM
Reposted by MMT101.ORG
Just wait til you find out what the BBC have been saying about Scotland ...
Is anyone surprised?

For years the BBC’s coverage of the EU has been too negative.

Between 2001 and 2016, the BBC’s coverage of the EU veered between disinterest and EU-bashing.

Reports about the EU were so negative that Brussels came off worse than Putin.
#Brexit
www.politico.eu/blogs/on-med...
Media monitor: BBC harsher on EU than on Vladimir Putin
Public broadcaster aims to be neutral but for years its coverage of the EU has been too negative, researchers say
www.politico.eu
November 5, 2025 at 9:37 AM
Reposted by MMT101.ORG
In this week's podcast we chat with our guest Jacqui Jensen about the importance of having women's voices front and centre in the indy campaign - not least because support for independence is now higher among women than men. From 8pm tonight - join us in the comments! ☺️
youtu.be/sg-j3H7KUt8?...
Women's Voices - Front and Centre
YouTube video by Scottish Independence Podcasts: IndyPod Extra
youtu.be
November 4, 2025 at 1:06 PM
1.
8 pertinent points from Bill Mitchell - written in 1997 - that have stood the test of time

This is an extract from my latest Substack post: 'Bill & Warren's Excellent MMT Adventure and the 1990s Post Keynesian Thought Discussion Group'.
November 4, 2025 at 9:21 AM