Have you ever wondered how a government budget works? How borrowing works? Whether the magic money tree really exists? Positive Money are a group hoping to educate people on how a sovereign government has the ability to create and spend money. Simon Youel is Head of Policy & Advocacy at Positive Money, a…
Tag: government debt
MMT It’s Time To Face The Music
Over the past few decades and increasingly more so in recent years, there has been a new economic school of thought emerging on the left: Modern Monetary Theory, or MMT. The idea has been supported by Stephanie Kelton (a former advisor to Bernie Sanders) and Alexandria Ocasio Cortez in the US and John…
