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MMT doesn't protect countries from poor financial management and exchange rate risk! If you think thats the case then you don't understand it, interest rates and inflation still have to be managed effectively. If your currency devalues to the point when it loses its primacy and you have to...

As I understand it Argentina has always had huge problems with inflation (and at times a relatively worthless peso) this has led to a reliance on foreign currency and particularly the dollar. As soon as that happens a country no longer is monetary sovereign. In terms of your thought...

This isn't an obvious flaw, I can't think of a single country in South America that is monetary sovereign, which is why countries like Argentina default on debt because the the majority of the debt is denominated in foreign currencies. When Greece abandoned its national currency, the drachma...

Bond prices in the main are affected by the prevailing rate of interest. If the value of the income falls below the base rate, or is projected to fall below the base rate, then the bond becomes less attractive. Bonds being risk free (in monetary sovereign countries I might add) is a concept...

There's a lot of misrepresentation of MMT on this thread. MMT simply points out they way things really work, which is different from the traditional view. Where suggestions are made by some economists (or people on football forums!) of policy choices that could occur as a result of this...

If you print lots of money you potentially cause inflation, MMT has never said that a government can just print money without creating problems. Governments do however regularly print all of the money that they need: In the UK the BofE owns around £875bn of UK government bonds that it purchased...

Think of Bonds as the central bank providing a savings account for banks and other financial institutions. Bond issuance is really all about corporate welfare – to provide safe investment vehicles to private investment banks. Germany's debt is denominated in Euro's so it's not monetary sovereign.

MMT is just a description of how the system actually works for countries that are monetary sovereign. If you accept that the description is accurate (which it is) then it challenges the long held view that many economists have of 'balancing the books' and that countries need to tax or borrow...

I have quite a lot of involvement with Dementia both on a professional level and within my local community, This is a such a difficult situation to go through but there is help out there. As others have said the first Step is a GP appointment and referral to a memory assessment service. If...

Thats my point really, it took a FBI sanction for them to do anything. Before that they were more than happy to work with, and take money from, the head of Europes largest drugs cartel. In the boxing world it was only Barry Mcguigan that spoke out about it and he was ostracized and labelled as a...

I am confident that this will have zero impact on his career. Loads of boxers have tested positive for various substances over the past few years: Canelo, Billy Joe Sunders, Dillian Whyte, Alexander Povetkin, Luis Ortiz to name a few. It has had no affect on the careers of any of those boxers...

As a boxing fan Its not great to hear this but just confirms the uncomfortable truth. I think PED's are widely available now aren't they, even in local gyms? Its therefore unsurprising that you would find them being used In a sport like Boxing, where there are so many different sanctioning...

This approach has been tried time and time again with the same outcome: A study done by the LSE looked at 18 developed countries between 1965 to 2015 and compared countries that cut taxes on the rich (for example the Reagan tax cuts in 1982), with those that didn't pursue similar policies that...

Well I'm a business owner who employs over 50 people and the biggest issue currently thats affecting my ability to grow is that we are struggling to recruit because of high inflation, a tight labour market and the resulting upwards pressure on wages. Corporation tax wasn't due to go up until...

You heard the budget this morning and by this afternoon had made a decision to take on an additional 2 employees?! Do you encourage your clients to make snap financial decisions like that??

Yes I read about this! I think it was around the time that they wanted him to go more in the direction of 200/400m than 100/200m. To be honest he looks more like a 400m runner and with a bad sprint technique you could understand why his coach wanted him to head in the direction of the longer...

This is a valid point and of course in a lot of sports the testing regime is much more relaxed than it is in cycling or athletics. Its expensive to implement a drugs testing regime and many sports focus on in-competition testing whereas most drug taking is actually done during periods of...

When you look in to this a bit more I don't think this really gives the whole story. Bolt spent most of is early career focusing on 200m and not the 100m. He was an exceptional 200m runner for his age, as a 16 year old he was running the same times as Micheal Johnson was at 20 years old! As a...

There are very few of those though, that reached the top in multiple sports. Although you get the feeling that certain sportsmen would be good at anything, Usain Bolt was a decent Cricketer and could play football to a decent standard apparently. Using the same train of thought, in Cricket...

Sorry I meant to type 'in' England'! The only tests he played outside of Australia where in England. I am not saying that he wasn't a great sportsman, and streaks ahead of those of his time, but thats very different to saying he's the best sportsman of all time. You cant compare someone of that...