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MMT doesnt propose "unlimited funds" for fiscal policy. A key componemt of it is the control of inflation but not necessarily soley by traditional neo-con methods such as controlling the money supply or interest rates. I could elaborate but would risk boring the pants off everyone if I havent...

Corbyn and McDonnell, as far as I know don`t ascribe to the MMT approach - I wish they did. MMT is just an analysis of how the system actually works now.. Its neither left nor right wing . Its policy implications could favour either. Some of its main proponents are financial traders who use...

No I wouldnt touch momentum with a barge pole. I dont even vote labour, although I support some of their policies. Momentums stance on anti-semitism is particulaly poor. Their leader, Lansman is a supporter of zionism. Their green agenda does not go far enough and McDonnell is not a fan of...

Ok me again just for starters here`s a couple you tube clips from Professor Stephanie Kelton who was economic advisor to Bernie Sanders and from Wikepedia :- "Stephanie Kelton (née Bell; born October 10, 1969) is an American economist and Professor of Public Policy and Economics at Stony Brook...

Damn Ive been found out. Im a Kremlin bot working from a dingy basement in Moscow to subvert the good people of Sussexshire. Now don`t start me on the Skripal poisoning!

Before I do, and assembling all this, and their is a whole mass of it at various levels of complexity, from the humorous basic outline to detailed economic papers which may take some time, and I dont want to waste either of our valuable time - what would you regard as conclusive evidence that...

Economics as a whole is not a science comparbale with physics, for example. This new(ish) way of looking at the flow of money in the econnomy, may seem novel, but seems to make sense. Essentially within the restriction of keeping inflation in check the goverment with its own fiat currency...

I can cite several professors of economics, and senior financial traders who have carried out detailed research into how money actually works within the economies of countries with their own currencies who would agree with me. I realise this is going to be a major paradigm shift for some people...

Yes, and I can give you evidence of it. Oh dear, and how do you think it works?

Thats not how it works is it? The government develops a budget, then spendsthe money into the economy by clicking on a computer keyboard, to credit the central bank, then takes some of it back in taxes, then just throws the money away (or actually by pressing the delete key). It neither needs...

Hi Diablo - What do you mean by more than it can afford? Where do you think the goverment gets its money?

Dear Block F, Do you think that government finances are like a household, and that taxes are its income? Do you believe that if the government spends more than it receives in taxation it must borrow to meet its spending commitments? If it borrows too much will it go bust? Will the Labour...

Dear Bock F, I`m probably one of those liberal elite types and obviously need to be re-educated into economic reality. Can you explain to me why labours plans for the economy are "shite"? Best wishes, BenG

They wouldnt have to increase taxes to pay for these measures. Taxes don`t fund government spending in the UK..

Reply to PW PW wrote "There are just to many reasons why I would and could never vote for Corbyn. His past associations, attitudes towards extremists groups, terrorists, the nuclear deterent and those nations who are a national security threat to ours, and that's before getting to what would...

They were not solely responsible. The economic policy makers broadly on both sides of the Atlantic- Cinton particlarly - failed to control bank lending and the use of complex financial .instruments, lending to people who couldnt repay their loans. The tories would have done exactly the same...

I dont accept that - You seem to be arguing from authority rather than confront the argument. I have found no convincing arguments to demonstrare that her (MMT) arguments are illogical. They seem profoundly logical. Can you give me an example of why they demonstrably wrong?

Why should they keep apologising when the press decides to blow up this non issue every couple of months in an attempt to undermine Corbyn and his party? This is getting tedious. Apologies should be made, however, particularly to theJewish labour members who were thrown out for defending...

Yes conventional neo-con economics is wrong in my view, and of economists such as Professor Stephanie Kelton

Why worry about the cost of borrowing? The government can just create the money to put into the economy until inflation starts to rise when higher taxes and other measures can be introduced to put the breaks on any overheating.