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Paul Scholes

@misterp55.bsky.social
317 followers 279 following 560 posts

Looking to drag people out of 20th century BAU thinking on climate, nature, economics and inequality. Time to Look Up, do less and be more.

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Paul Scholes @misterp55.bsky.social · 08/10/2026
Excellent article and the icing on the cake: challenging the government when it tells us it can afford nothing unless it taxes or borrows from us.
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William Thomson @williameconomist.bsky.social · 22/09/2026
Raising interest rates will not reduce inflation. So why does it seem impossible to challenge this long-established response to rising prices? Legitimate concerns exist about central banks' current response. Not only from #MMT economists like me. Thread. 1/8
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MMTUK Policy Research Group @mmtuk.bsky.social · 06/02/2026
MMTUK has launched We're a new, independent research organisation bringing Modern Monetary Theory to UK policy debates. Our first paper launches later this month: a fully-costed UK Job Guarantee proposal. mmtuk.org #MMT #UKPolitics
mmtuk.org
Home | MMTUK
MMTUK is an independent research organisation producing evidence-based economic analysis informed by Modern Monetary Theory. Explore our articles, education resources and community.
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Paul Scholes @misterp55.bsky.social · 25/01/2026
Let’s keep this simple: “If taxes must be paid in the government’s currency, and citizens can’t legally create that currency, where does the money come from in the first place?”
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National Emergency Briefing @nebriefing.bsky.social · 24/01/2026
Storms like #Ingrid are set to become more common and more intense. But experts warn the UK is not ready. Here’s Professor @hayleyjfowler.bsky.social at the National Emergency Briefing. #NEB2025
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Paul Scholes @misterp55.bsky.social · 22/01/2026
For 50 years we have been conned into thinking that wealth created by the rich will trickle down to us, that if we strive we can become one of them and that gov’t only does the bare minimum because it needs our taxes and to borrow from the rich. Time to stop, think and question.
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Paul Scholes @misterp55.bsky.social · 19/01/2026
Once you understand that taxes do not fund public services it brings the other reasons to tax to the fore, eg to curtail unnecessary and damaging industries and activities the fruits of which accrue predominantly to the rich
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Paul Scholes @misterp55.bsky.social · 10/01/2026
It’s such a shame that evolution has yet to enable the inheritance of memories and experience. Government is there to plan and enable, it and we just need to remember that.
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National Emergency Briefing @nebriefing.bsky.social · 29/12/2025
Please ask your MP to add their name to this Parliamentary call for Government to lead a prime-time televised emergency briefing to the nation. Experts are clear: climate and nature breakdown threaten the UK’s security, food supply, health and economy. #NEB2025 #NationalEmergencyBriefing
nebriefing.org
Parliamentary call for a televised emergency briefing
For MPs and Peers to express support for briefing the nation on the threats from climate & nature breakdown to the UK’s security, food supply, health and economy.
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Canada's National Observer @nationalobserver.com · 24/12/2025
A year ago, U of T’s Laura Tozer was adding climate policies to her lecture slides. This year, she’s deleting them, and asking Prime Minister Mark Carney to explain the rollbacks directly to her students. @cloelogan.bsky.social reports.
nationalobserver.com
This University of Toronto Professor wants Carney to answer to her students
Each year, University of Toronto professor Laura Tozer updates a slide deck that she presents to her graduate students on the state of climate policy in Canada. This year, she is deleting everything.
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Paul Scholes @misterp55.bsky.social · 29/12/2025
The People's Emergency Briefing www.crowdfunder.co.uk/p/the-people...
crowdfunder.co.uk
The People's Emergency Briefing
To bring the National Emergency Briefing to the people.
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Paul Scholes @misterp55.bsky.social · 29/12/2025
"Many proposals to help fund the state pension system lack support" but in the UK you missed "government spending". The UK is a self financing state, it has its own fiat currency so needs neither taxation nor borrowing to fund itself. This from UCL: www.tandfonline.com/doi/full/10....
Abstract from The Self Financing State
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Natalie Bennett @nataliegreenpeer.bsky.social · 23/12/2025
Attacking councils for considering a four-day working week shows a failure of imagination from Labour. The evidence is clear: productivity rises, people are healthier, and skills stay in local communities. #FourDayWeek #FutureOfWork
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Paul Scholes @misterp55.bsky.social · 23/12/2025
If employers and employees feel it is mutually beneficial and does not jeopardise their services or products to customers/clients/users, why on earth not? Tech had been making us more efficient only we just use it to do more, let’s try an alternative, doing enough. www.4dayweek.co.uk
4dayweek.co.uk
4 Day Week Foundation | Campaign for a Four-Day Week
A four-day week benefits workers, employers, the economy, our society and our environment.
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Paul Scholes @misterp55.bsky.social · 11/12/2025
Here you go, from about 7 mins in, it was 4 years ago when supply side inflation was in play from COVID bottle necks and other trade disruption. At other times she acknowledges risks from gov spending when the economy is reaching capacity. Bye youtu.be/U5EIq_FrzEU?...
youtu.be
Economist, Stephanie Kelton, Explains How Spending MORE Is The Solution To Inflation
YouTube video by The Hill
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Paul Scholes @misterp55.bsky.social · 11/12/2025
PS forgot to ask for the 3rd time, did you watch the professor K interview you promoted?
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Paul Scholes @misterp55.bsky.social · 11/12/2025
In the UK we don’t need graphics without academic detail or “scholarship” we have University College London with the only peer reviewed research into gov finance explaining that gov spends with new £s. I’m done but am fascinated by your paranoia, why so scared/obsessed with MMT do you have no life?
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Paul Scholes @misterp55.bsky.social · 11/12/2025
I’ve been down this road too often to waste more time but for the record: Most times the gov spends more than it taxes meaning that banks’ reserves and personal/biz accounts increase by the net spending. The gov then swaps bonds for those dollars it sent out.
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Miaganga @miaganga.bsky.social · 11/12/2025
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John Gibbons 🇵🇸 🇺🇦 🇪🇺 @thinkorswim.bsky.social · 11/12/2025
These two stories are somehow connected. Apparently, if you lobby tirelessly for more pollution & ecological wreckage, that’s exactly what you get.
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Sam Bright @writesbright.bsky.social · 11/12/2025
🔴 REVEALED 🔴 The Institute of Economic Affairs – the anti-state, anti-climate pressure group that "incubated" Liz Truss – was bankrolled by oil giants and Rupert Murdoch’s media empire. 📝 Exclusive findings from @desmog.com 👇
desmog.com
The Institute of Economic Affairs Banked £640,000 from Oil Giants and Murdoch
The Institute of Economic Affairs (IEA) – the anti-state, anti-climate pressure group – received more than £640,000 from fossil fuel companies and Rupert Murdoch’s media conglomerate between 1957 and ...
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Paul Scholes @misterp55.bsky.social · 11/12/2025
You didn’t answer my question about the video interview with SK, did you watch/understand it?
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Paul Scholes @misterp55.bsky.social · 11/12/2025
We must be using different dictionaries to describe scholarship. Your graphic “gov shouldn’t be run like a business” whereas, MMT says “gov doesn’t run like a business” All I did was ask you to clarify where you got your quote from. Given your paranoia over MMT, you presumably think it should?
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Paul Scholes @misterp55.bsky.social · 11/12/2025
A business doesn’t send its bank $X before borrowing it back later.
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Paul Scholes @misterp55.bsky.social · 11/12/2025
So you didn’t quote MMT scholarship, so your original image is misleading. MMT doesn’t say Gov should run like a business, I repeat, it says it doesn’t run like a business. Did you watch the interview with SK from your image? If so, didn’t you understand what she was talking about?
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Paul Scholes @misterp55.bsky.social · 11/12/2025
Hi - Is the yellow text a quote from MMT literature, if so, can you give a link please? If not, my understanding is that MMT claims our government doesn't run like a business, because it needn't, and in fact, doesn't borrow, like a business.
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Paul Scholes @misterp55.bsky.social · 09/12/2025
Hi - The gov’t has been increasing the money supply for the vast majority of the past 300+ years. Last month I put £200 of my pension into my savings account, it’s not about the quantity of money it’s about when & where & if at all, it’s spent.
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Paul Scholes @misterp55.bsky.social · 31/10/2025
It’s missing a couple of “I hope”s
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Paul Scholes @misterp55.bsky.social · 07/10/2025
And I hear the usual suspects crying “but what about China & India?” which, as usual, goes to show they haven’t read the report.
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Justin Mikulka @justinmikulka.bsky.social · 06/10/2025
Shell is so heavily invested in the "LNG or bust" strategy we should not expect anything resembling truth out of them on the topic.
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Paul Scholes @misterp55.bsky.social · 30/09/2025
Who would have thought? Someone tell Dale Vince
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Paul Scholes @misterp55.bsky.social · 19/09/2025
The Gov’t just funded £7.5k of my new heat pump. Subject to the availability of labour and resources, there is no constraint on them funding the whole cost, Learn #MMT www.bbc.co.uk/reel/video/p...
bbc.co.uk
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Paul Scholes @misterp55.bsky.social · 19/09/2025
Better and simpler just get the gov’t to pay for them. The CCC say HPs are a huge win for mitigation. The gov’t self funds, it needs neither tax nor borrowing to pay for stuff. The moment the public realises this the gov’t would have to act www.bbc.co.uk/reel/video/p...
bbc.co.uk
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Natalie Bennett @nataliegreenpeer.bsky.social · 29/08/2025
Drax is scheduled to pocket £10 billion in subsidies. That’s public money funding deforestation and destruction. It is time to #AxeDrax
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Dr Paul Dorfman @drpauldorfman.bsky.social · 29/08/2025
This is deeply serious. 'Collapse of critical Atlantic current is no longer low-likelihood, study finds'. Scientists say ‘shocking’ discovery shows rapid cuts in carbon emissions are needed to avoid catastrophic fallout. www.theguardian.com/environment/...
theguardian.com
Collapse of critical Atlantic current is no longer low-likelihood, study finds
Scientists say ‘shocking’ discovery shows rapid cuts in carbon emissions are needed to avoid catastrophic fallout
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Modern Money Lab @modernmoneylab.bsky.social · 08/08/2025
To understand the money system is key to being an informed citizen. To change the world, we have to persuade people to take an interest & provide the info. in an engaging way. The Deficit Myth and Finding the Money did that. I hope so will these upcoming events. modernmoneylab.org.uk/events/
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Paul Scholes @misterp55.bsky.social · 18/08/2025
Absolutely, in fact the government has the ability to provide everyone with all essential services, it just needs to stop hiding behind Thatcher's myth of affordability. If the people, materials & resources are available, the government can always find the £s
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Dr Paul Dorfman @drpauldorfman.bsky.social · 17/08/2025
How can England possibly be running out of water? www.theguardian.com/news/ng-inte...
theguardian.com
How can England possibly be running out of water?
While famously rainswept, climate crisis, population growth and profligacy mean the once unthinkable could be possible
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George Monbiot @georgemonbiot.bsky.social · 06/08/2025
Lisa Nandy, the UK culture secretary, claims that #PalestineAction "wishes harm on the British people." That is simply false. It is yet another retrospective justification by this government for its unjustifiable ban on the group.
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Prof. Stefan Rahmstorf @rahmstorf.bsky.social · 15/08/2025
Wildfires rage across Southern Europe - fueled by #globalheating. Vote out politicians who downplay and ignore the climate crisis. www.theatlantic.com/photography/...
theatlantic.com
Photos: Wildfires Rage Across Southern Europe
Images from Portugal, France, Greece, and other places in the region where a searing heat wave and strong winds have spawned destructive wildfires for the past two weeks. Thousands of firefighters and...
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Gill Tavner @gilltav.bsky.social · 13/08/2025
Imagine if BBC spent as much time on the dangers of climate collapse as they do on immigration. Imagine the public response when they realise what the real danger is to our children & who is causing it. Instead of anger at refugees there’d be anger at oil companies, media bosses, politicians & BBC.
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Ani @aninewforest.bsky.social · 12/08/2025
Help bees and other insects during a heatwave: Leave shallow pools of water around- a rubbish bin lid will do. Add pebbles and sticks to create different depths and ramps so they can climb out. littlegreenspace.org.uk/features/mob...
littlegreenspace.org.uk
How to help wildlife in hot weather | Little Green Space
During periods of hot, dry weather, you can help mammals, birds and insects survive by providing water, shade and food
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The Guardian @theguardian.com · 05/08/2025
Lord Dannatt urged ministers to crack down on Palestine Action at request of US firm
theguardian.com
Lord Dannatt urged ministers to crack down on Palestine Action at request of US firm
Police officer was concerned ex-army chief, a Teledyne adviser, sought to have ‘input’ into factory attack investigation A member of the House of Lords urged ministers to crack down on Palestine Action at the request of a US defence company that employs him as an adviser. Richard Dannatt, a former head of the British army, wrote privately to two separate Home Office ministers asking them to address the “threat” posed by the group after its activists targeted a factory in 2022. Continue reading...
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George Monbiot @georgemonbiot.bsky.social · 28/07/2025
I know there's a risk of amplifying the fascist horror show, but I think we need to be aware of just how far things are going, especially as this man is a Republican candidate for governor of California. All the old safeguards are being deliberately torn down, and the unspeakable normalised.
A post on X by Kyle Langford, with a composite photo showing him standing outside the gates of Auschwitz, and the caption: "My zero unemployment plan", with an emoji of factory chimneys.
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Prem Sikka @premnsikka.bsky.social · 28/07/2025
Thames Water shareholder funds in 1990, £1.3bn; invested ZILCH since Extracted £10.4bn dividends Paid £13.6bn interest Now borrowing at 9.75% One-third customer bills service debt Pays £200m a year to consultants Billions would have gone into infrastructure, if not privatised. Must nationalise.
leftfootforward.org
Public ownership is the only way to save the water industry
Public ownership is the only viable alternative but is opposed by the government
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Paul Scholes @misterp55.bsky.social · 28/07/2025
I make my own and just add a squirt of maple syrup, you could do the same with shop bought.
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Paul Scholes @misterp55.bsky.social · 27/07/2025
The gov’t spends 2-3bn of new £s every day, the only exceptional thing about 20-21 was that it found 400bn of extra £s overnight and, rightly, nobody obsessed over “how are you going to pay for it?”. A gov’t with a sovereign currency doesn’t need to borrow it.
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Dr Rebecca Warren @drrjwarren.bsky.social · 27/07/2025
Ah yes - the good old Bbc News service - politically biased, politically-driven and utterly shameful. Sadly, it brings the rest of the BBC into ill-repute too, however unfairly.
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Paul Scholes @misterp55.bsky.social · 27/07/2025
That’s what I thought but we still need 100% safe savings AND we need investment so maybe RM is suggesting that the Gov’t should provide such a “product” rather than the bookkeeping entry that current bonds represent?
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Prem Sikka @premnsikka.bsky.social · 25/07/2025
Nationwide CEO £7m pay package declared ‘obscenity’ during AGM. Members still approved it, probably by erroneously handing proxy votes to chairman. Govts tell workers wage rises are inflationary; do nothing to control exec pay, dividends, share buybacks; or secure equitable distribution of income.
theguardian.com
Nationwide boss’s £7m pay package declared ‘obscenity’ during AGM
Rise of 43% in Debbie Crosbie’s maximum payout approved at building society’s annual meeting despite criticism
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