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" Are we looking at the economy all wrong"

(27 Posts)
DaisyAnneReturns Fri 24-Oct-25 12:28:31

The title is the title of Zack Polanski's latest podcast, this time with Richard Murphy.

For me it's very much two halves. The first is yet another lecture on modern monetary theory, while the second (which I found more interesting) gave examples of the low hanging fruit of taxation which could be used before we get to an out and out wealth tax, in order to bring about greater wealth equality.

www.youtube.com/watch?v=a27AfFTOW3o

David49 Sun 26-Oct-25 16:57:43

“MMT depends on governments having self control. Anyone else on here feel confident that any government would ever choose to stop printing money given a fee hand with no outside influences staying stop?”

This sums up the problem, the imperative to win votes by using tax and social policies to get elected, when”outside influences” limit borrowing it is too late because borrowing costs are unaffordable.
There is no solution because all parties will do it, who benefits?, the wealthy who lend to both government and consumers.