dgp4indy

Modern Monetary Theory

But How Will We Pay For It?

Professor Stephanie Kelton explains in words we can all understand why it is that a government with its own currency can never run out of it.  A sovereign government can not run out of dollars or pounds or kroner in the same way that a joiner can't run out of inches or a football team can't run out of points.  Therefore the Westminster government's austerity is a political choice, not an economic imperative!
https://www.youtube.com/watch?v=WS9nP-BKa3M&t=135&feature=youtu.be&app=desktop

Buckaroo

To properly understand how Modern Monetary Theory relates to the UK you need to understand the nature of our currency and, crucially, the relationship between government spending and taxes. A good way to get to grips with what may seem a complex topic is to look at how one university encourages its students to do voluntary work.
http://www.matchesinthedark.uk/currency-coercion-and-campuses/