?whispers? @whispers-actual.bsky.social · 15/05/2026UK gilts are "debt", right? Rising yields mean we're "running out of money"? Wrong. The Bank of England is currently imposing a £133bn self-inflicted wound on the public purse — and calling it "monetary discipline". Here's the MMT reality 🧵👇 193 0
?whispers? @whispers-actual.bsky.social · 15/05/2026First: the UK government cannot "run out" of pounds it issues. Full stop. Gilts aren't funding operations. They're a post-spending reserve drain — a policy choice about interest-rate maintenance, not solvency. Orthodoxy has this backwards. 120 0
