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MMTAction

@mmt-action.bsky.social
222 followers 170 following 700 posts

Economics for People — built on Modern Monetary Theory. Evidence-based arguments, interactive tools, and advocacy resources. mmtaction.com

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MMTAction @mmt-action.bsky.social · 9h
A currency issuer doesn't choose between support and work incentives. It funds both. Framing this as a swap masks the actual trade-off: whose interests win. #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics Source: Guardian Politics
mmtaction.com
Argument Builder — MMTAction — Economics for People
Economics for People — built on Modern Monetary Theory. Equip yourself with evidence-based arguments to defeat fiscal objections.
031
MMTAction @mmt-action.bsky.social · 11h
"Bond markets spooked" = "we're raising rates anyway". Interest rates aren't market outcomes; the central bank sets them. Energy shocks need supply fixes, not unemployment. The deficit isn't the problem; stagflation is. #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics
theguardian.com
US borrowing costs hit 24-year high as global bond sell-off intensifies | Government borrowing | The Guardian
Fears that US deficit is unsustainable also drive UK 30-year bond yields briefly above 6% for first time since 1998
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MMTAction @mmt-action.bsky.social · 18h
Underinvestment assumes water firms lacked money. They didn't. They chose dividends instead. Nationalisation fixes governance. The real question: why does a currency issuer let a monopoly extract rents rather than fund infrastructure directly? #MMT #Economics #UKPolitics Source: BBC Politics
mmtaction.com
Ask MMT — Economics for People
Economics for People — built on Modern Monetary Theory. Equip yourself with evidence-based arguments to defeat fiscal objections.
0106
MMTAction @mmt-action.bsky.social · 23h
The framing: vape tax funds public health. The reality: a currency issuer doesn't need vape taxes to fund anything. The actual question is whether it reduces smoking or just makes poor smokers poorer. #MMT #Economics #UKPolitics #UKEconomics
bbc.co.uk
Vape tax comes into force with prices set to rise - BBC News
Vaping is about to becoming more expensive due to a new tax on products.
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MMTAction @mmt-action.bsky.social · 23h
(1/5) The mainstream story: banks lend out deposits they already have. The reality: banks create money when they lend. This is the loanable-funds theory, and it shapes bad policy across the board. #MMT #Economics #UKGreenParty
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MMTAction @mmt-action.bsky.social · 30/09/2026
Myth: the government has to find money before it can spend. Reality: it creates new pounds when it spends and destroys them when it taxes. Watch Finding the Money this weekend to see how currency actually works. #MMT #FindingTheMoney #UKGreenParty #Economics #UKPolitics
mmtaction.com
Finding the Money — The Documentary That Changes How You Think About Money — MMTAction
A masterpiece! By far the most inspiring economics film I have ever seen. Watch the trailer, stream the film for free, or host a screening in your community.
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MMTAction @mmt-action.bsky.social · 30/09/2026
Waiting lists stretch into years. Nursing wards run on agency staff. Public health services are cut to the bone. The real constraint isn't money; it's that we've accepted fiscal orthodoxy as reality. The NHS isn't a line item to balance. It's a national capacity to build. #MMT #Economics
mmtaction.com
Health
Fiscal orthodoxy is the hidden driver of NHS underfunding
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MMTAction @mmt-action.bsky.social · 30/09/2026
"Unsustainable public finances" for a currency issuer spending on pensions is backwards. The real question: are there enough care workers and beds? The triple lock debate should be about real resources, not phantom affordability constraints. #MMT #Economics #UKPolitics
theguardian.com
Will pensioners be poorer as a result of Burnham scrapping the triple lock? | State pensions | The Guardian
Original triple lock was designed to lift pensioners out of poverty but OBR says it contributes to unsustainability of public finances
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MMTAction @mmt-action.bsky.social · 30/09/2026
Currency issuer asks "how will it be funded" about its own spending. The real question: what real resources and capacity does adult social care need, and is the budget sufficient to acquire them? Funding is not the constraint. #MMT #Economics #UKPolitics #UKEconomics Source: Guardian Politics
mmtaction.com
Argument Builder — MMTAction — Economics for People
Economics for People — built on Modern Monetary Theory. Equip yourself with evidence-based arguments to defeat fiscal objections.
076
MMTAction @mmt-action.bsky.social · 29/09/2026
The PM's framing: pensions vs. care, pick one. The real question: why is a currency issuer treating public provision like a household forced to choose between two bills it can't afford? #MMT #Economics #UKPolitics Source: BBC Politics
mmtaction.com
Ask MMT — Economics for People
Economics for People — built on Modern Monetary Theory. Equip yourself with evidence-based arguments to defeat fiscal objections.
1105
MMTAction @mmt-action.bsky.social · 29/09/2026
Someone will ask how you pay for universal healthcare or green infrastructure. You won't have a weak answer. Argument Builder gives you the evidence-based rebuttals that work: the real constraints, the sectoral flows, the accounting that shows it's affordable. #MMT #Economics #UKPolitics
mmtaction.com
Argument Builder
Build evidence-based arguments for MMT policy proposals
034
MMTAction @mmt-action.bsky.social · 29/09/2026
Green levies or general taxation: false choice. Currency issuer can fund green infrastructure without either. Real question is capacity to build the stuff, not where the money comes from. #MMT #Economics #UKPolitics #UKEconomics
theguardian.com
Cost of green transition could be spread among UK taxpayers, energy secretary suggests | Miatta Fahnbulleh | The Guardian
Miatta Fahnbulleh says Britain must look at how costs are recovered – and that could mean money off bills
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MMTAction @mmt-action.bsky.social · 29/09/2026
Government-backed body to compete with private firms is the polite framing. Real question: why utilities are competing at all. A currency issuer can provision the grid as public infrastructure without bidding against the private sector. #MMT #Economics #UKPolitics
theguardian.com
Burnham promises to roll back privatisation with government-backed grid plan | Andy Burnham | The Guardian
Exclusive: Creation of GB Grid will be major step towards putting Britain’s utility companies into public control
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MMTAction @mmt-action.bsky.social · 28/09/2026
Best thing we can offer is a job, not benefits: true. But borrowing-cost pressure exists because Westminster treats the currency it issues like one it doesn't. A sovereign can fund both. The real constraint isn't money. #MMT #Economics #UKPolitics #UKEconomics
bbc.co.uk
Best thing we can offer young people is a job, not benefits, says chancellor - BBC News
John Healey's speech comes ahead of next month's Budget, as he faces pressure to bring down government borrowing costs.
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MMTAction @mmt-action.bsky.social · 28/09/2026
Shrinking forests, failing rivers, leaking houses. Policies to fix them get cancelled because of "money". Wrong frame. Britain issues the pound. The constraint is trees, workers, insulation, and time. Money is the tool. #MMT #Economics #UKGreenParty
mmtaction.com
Environment
The funding objection is the biggest obstacle to climate action
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MMTAction @mmt-action.bsky.social · 28/09/2026
"Banks don't lend out deposits: they create deposits when they lend." This rewrites the entire finance textbook. Understanding credit creation, not savings pools, is foundational to MMT. #MMT
mmtmichael.substack.com
From Jewellers to GEMMs - by MMT_Michael - MMT's Substack
Banking as a System of Credit Creation
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MMTAction @mmt-action.bsky.social · 28/09/2026
Universal care funded by "asking taxpayers to cover the cost" accepts the wrong frame entirely. A currency issuer doesn't ask taxpayers for money to spend. The real question: does England have the nurses, beds and care workers? That's the constraint. Money isn't. #MMT #Economics #UKPolitics
theguardian.com
Andy Burnham to fight next election with plan for NHS-style care service | Labour conference 2026 | The Guardian
PM says he is willing to expend political capital to bring in universal service for England funded by ‘everybody’
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MMTAction @mmt-action.bsky.social · 28/09/2026
Think you can beat the MMT bot? Bring your sharpest anti-MMT argument and test it. See how far you get before the logic gives way. #MMT #Economics #UKPolitics
mmtaction.com
The MMT Challenge
Nobody has beaten the MMT bot. Bring your best anti-MMT argument and see how you score.
044
MMTAction @mmt-action.bsky.social · 28/09/2026
"Would be very substantial", for whom? The UK government issues the pound. The real question is whether we have the care workers, training capacity, and real resources to build it. Cost is a choice, not a constraint. #MMT #Economics #UKPolitics #UKEconomics
bbc.co.uk
New NHS-style social care system could take decades, Dilnot says - BBC News
Sir Andrew Dilnot, who proposed reforms 15 years ago, says the cost of such a scheme would be "very substantial".
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MMTAction @mmt-action.bsky.social · 27/09/2026
"Moral crusade" to cut young people's benefits. The actual moral question: why is a currency-issuing government rationing work instead of offering it? A Job Guarantee beats welfare cuts every time. #MMT #Economics #UKPolitics
theguardian.com
Changing UK benefits for young people a ‘moral crusade’, says minister | Welfare | The Guardian
Pat McFadden urges Labour MPs to back overhauls, amid signs party looking to cut payments for some 16- to 24-year-olds
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MMTAction @mmt-action.bsky.social · 27/09/2026
Poland's spending on weapons won't "damage growth", it *is* growth. Real resources flowing into productive capacity, wages, employment. The wrong frame is treating defence investment like it competes with the economy. It's part of it. #MMT #Economics #UKPolitics #UKEconomics
theguardian.com
Poland is racing ahead with military spending – but will it help or damage its economic growth story? | Poland | The Guardian
In the first article in a series on the Polish economy, we look at the country’s defence boom and its implications
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MMTAction @mmt-action.bsky.social · 27/09/2026
"Fiscal bind" assumes the PM needs to find money before spending it. Wrong frame. A currency issuer's constraint is inflation and real resources, energy capacity, not the borrowing cost. The real question: will they build the supply or ration demand? #MMT #Economics #UKPolitics #UKEconomics
theguardian.com
Burnham’s plan for a radical reset collides with economic reality | Heather Stewart | The Guardian
Surging energy bills, higher borrowing costs and rising inflation have left the PM and his chancellor in a fiscal bind
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MMTAction @mmt-action.bsky.social · 27/09/2026
Universal free social care is unambiguously affordable for a currency issuer. The PM's silence on "how it's funded" isn't modesty, it's a tell. He doesn't want to say the real constraint is real resources and organisation, not money. #MMT #Economics #UKPolitics
theguardian.com
‘Rip the plaster off’: Andy Burnham sets out vision for universal free social care | Andy Burnham | The Guardian
PM says he will put proposals for NHS-style service funded by everybody into Labour’s next general election manifesto
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MMTAction @mmt-action.bsky.social · 27/09/2026
MMT is past the "what is it" stage. This week's Digest tackles recession prevention and how to fund real infrastructure; the questions policymakers are asking now. Listen on Spotify. #MMT #Economics #UKPolitics
mmtaction.com
The MMT Digest — 27 Sep 2026
MMT practitioners are moving beyond defensive explanations toward real-world applications. This week shows the field maturing from "what MMT is" conversations to serious debates about recession prevention and infrastructure spending, suggesting practitioners believe policymakers are finally ready to listen.
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MMTAction @mmt-action.bsky.social · 27/09/2026
"Unfair as American healthcare" accepts the real constraint: money. NHS social care isn't underfunded because fairness is expensive. It's underfunded because Westminster chose a block grant instead of issuing currency to meet need. Same choice, different rhetoric. #MMT #Economics #UKPolitics
bbc.co.uk
Andy Burnham proposes NHS-style social care system for England - BBC News
The prime minister told the BBC that social care in England is "as unfair as American healthcare".
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MMTAction @mmt-action.bsky.social · 26/09/2026
210 million pounds to fix high streets while treating the currency issuer like it's scraping together pocket change. The real question: why isn't this 2 billion? Real resources exist. Political will doesn't. #MMT #Economics #UKPolitics #UKEconomics
bbc.co.uk
Andy Burnham pledges £210m to regenerate UK's high streets - BBC News
Burnham said the fund would would support communities to transform derelict buildings and keep businesses open
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MMTAction @mmt-action.bsky.social · 26/09/2026
This movie explains why politicians seem so useless. #MMT #FindingTheMoney #UKGreenParty mmtaction.com/share/screenings/find…
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MMTAction @mmt-action.bsky.social · 25/09/2026
Regenerating high streets is real work. But framing it as "pledging" £210m treats a currency issuer like it's scraping together pocket money. The real question is why Westminster starved local economies in the first place. #MMT #Economics #UKPolitics #UKEconomics
theguardian.com
Burnham pledges extra £210m towards regenerating boarded-up high streets | Retail industry | The Guardian
Funds to help local people turn empty shops, pubs and clubs into community hubs, shared workspaces and cafes
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MMTAction @mmt-action.bsky.social · 25/09/2026
Emergency funding for mosque security shouldn't be "emergency". A currency issuer can fund community safety as baseline policy, not crisis response. The real question: why does protection depend on disorder first? #MMT #Economics #UKPolitics #UKEconomics
theguardian.com
Mosques given £66m in emergency security funds after Southport disorder | Islamophobia | The Guardian
Record £66m from Home Office highlights hostility Muslims face, government’s anti-Islamophobia partner says
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MMTAction @mmt-action.bsky.social · 25/09/2026
Follow the money. Most people think government spending comes from tax revenue, but the real flow is public money in, public money out. The Money Flow Sankey Diagram shows you where it actually goes; not myth, just flows. Come see the picture. #MMT #EconomicTools #LearnByDoing #Economics
mmtaction.com
Money Creation Sankey — MMT Action — Economics for People
See how government spending creates money and taxation destroys it. Interactive Sankey diagram of modern monetary flows.
095
MMTAction @mmt-action.bsky.social · 25/09/2026
"Final offer" for a devolved government's budget is Westminster theatre, not economics. The real question: why does the currency issuer keep rationing money to the regions it governs? Scarcity in Belfast is a political choice in London. #MMT #Economics #UKPolitics #UKEconomics
bbc.co.uk
Stormont: UK government declines to increase financial help - BBC News
Some six months have passed since the executive should have set a budget for this financial year.
044
MMTAction @mmt-action.bsky.social · 24/09/2026
The government "can't afford" 70% of a refugee scheme. It issues the pound. The real question: why is it choosing to defund people offering homes to Ukrainians? #MMT #Economics #UKPolitics #UKEconomics
theguardian.com
Ukrainians in UK fear homelessness over host scheme funding cuts | Immigration and asylum | The Guardian
Monthly ‘thank you’ payments for people hosting refugees to be cut from £350 to £100 from next year
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MMTAction @mmt-action.bsky.social · 24/09/2026
Oil prices up, borrowing costs up, so the chancellor has "less room to manoeuvre". Wrong frame. As currency issuer, the UK can always afford to spend. The real question: what inflation and resource constraints exist, and how should fiscal policy manage them. #MMT #Economics #UKPolitics #UKEconomics
theguardian.com
Oil price rise creates more pressure on UK policymakers before budget | Economics | The Guardian
Treasury sources concede ‘less room’ for manoeuvre as global bond selloff also hikes government’s borrowing costs
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MMTAction @mmt-action.bsky.social · 24/09/2026
Neoliberalism didn't fail the left, the left failed to name what it actually was: a conscious choice by the currency issuer to starve public services. That's not inevitable. It's reversible. #MMT #Economics #UKPolitics #EUEconomics
braveneweurope.com
Bill Mitchell: The failure of neoliberalism and the progressive failure to articulate that has engendered the rise of the far Right – Brave New Europe
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MMTAction @mmt-action.bsky.social · 24/09/2026
(1/5) Stop pretending full employment and price stability are enemies. A Job Guarantee makes them work together: public employment at a living wage anchors the wage floor and absorbs the labour buffer. Both outcomes, same policy. #MMT #Economics #UKGreenParty
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MMTAction @mmt-action.bsky.social · 23/09/2026
The framing assumes joblessness is a moral failure needing punishment. Wrong. Long-term unemployment is what happens when a currency issuer chooses not to offer work. Spend on a Job Guarantee instead of means-testing misery. #MMT #Economics #UKPolitics
bbc.co.uk
Tories would prevent long-term jobless spending benefits on alcohol and cigarettes - BBC News
The proposals would also see benefits cut for people who are able to work but have failed to hold down a job.
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MMTAction @mmt-action.bsky.social · 23/09/2026
The household-budget analogy is wrong. The government is a currency issuer; you are a currency user. A household must earn income before it spends. A government creates money when it spends & destroys it when it taxes. The real constraint is real resources, not the budget deficit. #UKGreenParty
mmtaction.com
Core MMT Concepts — MMTAction — Economics for People
Browse all 43 key MMT concepts — from sectoral balances to endogenous money — with explanations at every level.
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MMTAction @mmt-action.bsky.social · 23/09/2026
The real constraint isn't the £233m pot. It's that the government chose to make it a scramble instead of a guarantee. Currency issuer, not lottery operator. #MMT #Economics #UKPolitics #UKEconomics
bbc.co.uk
Farmers' race for £233m funding like 'scramble for Oasis tickets' - BBC News
Farmers fear they may not be able to carry out environmental work because they lost out on funding.
031
MMTAction @mmt-action.bsky.social · 23/09/2026
Abolish pensions, cut taxes £75bn, and hand newborns investment accounts? That's not radical. It's the opposite: it's a currency user's fantasy. The real question is whether the government chooses to provide retirement security or not. #MMT #Economics #UKPolitics
theguardian.com
Thinktank linked to Reform UK calls for abolition of state pension | Reform UK | The Guardian
‘Radical’ report likely to influence party’s platform also proposes abolishing inheritance and capital gains taxes
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MMTAction @mmt-action.bsky.social · 23/09/2026
"One bad decision could derail devolution" assumes the constraint is competence, not cash. Real question: will Westminster actually fund regional ambition, or manufacture scarcity and blame the mayors for it? #MMT #Economics #UKPolitics
theguardian.com
England’s mayors should face greater scrutiny as powers expand, thinktank says | Devolution | The Guardian
IPPR North says one bad decision could derail devolution agenda as regions gain control of billions in funding
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MMTAction @mmt-action.bsky.social · 22/09/2026
Argument Builder is live. Evidence-based rebuttals for the "how will you pay for it" crowd. But if you want the full picture, watch Finding the Money this weekend. Free. Start now. #MMT #FindingTheMoney #UKGreenParty #Economics #UKPolitics
mmtaction.com
Finding the Money — The Documentary That Changes How You Think About Money — MMTAction
A masterpiece! By far the most inspiring economics film I have ever seen. Watch the trailer, stream the film for free, or host a screening in your community.
020
MMTAction @mmt-action.bsky.social · 22/09/2026
A currency issuer doesn't finance spending through borrowing. It creates new money. The real constraint is inflation and real resources, not the deficit number. So what's actually driving the pressure? #MMT #Economics #UKPolitics #UKEconomics
bbc.co.uk
Unexpected UK borrowing surge adds to pre-Budget pressure on chancellor - BBC News
Borrowing was higher than expected in August as inflation piles pressure on the government ahead of the Budget.
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MMTAction @mmt-action.bsky.social · 22/09/2026
"Bond markets" are spooked by the UK government's own spending decisions, not by borrowing itself. The real question: why is a currency issuer anxious about its deficit instead of focusing on inflation and real resources? #MMT #Economics #UKPolitics #UKEconomics
theguardian.com
UK borrows £18bn in August, putting pressure on Healey before budget | Budget deficit | The Guardian
Higher-than-expected figure will make chancellor’s aim of calming jittery bond markets more difficult
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MMTAction @mmt-action.bsky.social · 22/09/2026
"Britain needs cash" is the wrong frame. The currency issuer doesn't need cash. The real question: what real resources should go to pensions, and what's the fairest way to distribute them? That's a politics choice, not a money constraint. #MMT #Economics #UKPolitics
theguardian.com
Britain needs cash and everyone knows we should break the pensions triple lock. Where is the courage? | Gaby Hinsliff | The Guardian
The issue cannot be avoided any longer. Andy Burnham and his chancellor must face the fear of a pensioner backlash, and find a fair solution, says Guardian columnist Gaby Hinsliff
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MMTAction @mmt-action.bsky.social · 21/09/2026
"Financial rupture" assumes the current system breaks down randomly. Wrong frame: it collapses when currency issuers choose austerity over their own spending capacity. Gold doesn't fix that. Full employment spending does. #MMT #Economics #UKPolitics #EUEconomics
braveneweurope.com
Michael Hudson, Kathleen Tyson – The Economy at the End of the World: The Mechanics of Financial Rupture – Brave New Europe
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MMTAction @mmt-action.bsky.social · 21/09/2026
The state can't afford heating. The state can't afford food support. The state can't afford disability payments. That's the claim. It's wrong. The UK government issues the pound. It can fund these things. The real constraint is resources; fuel, food, care capacity; not money. #MMT #UKGreenParty
mmtaction.com
Cost of Living
The cost-of-living crisis is a distributional problem, not a fiscal one
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MMTAction @mmt-action.bsky.social · 21/09/2026
You've got a killer MMT objection. Can the bot handle it? Run your best anti-MMT argument through the Challenge and score yourself against the system. Nobody's beaten it yet. #MMT #Economics #UKGreenParty
mmtaction.com
The MMT Challenge
Nobody has beaten the MMT bot. Bring your best anti-MMT argument and see how you score.
032
MMTAction @mmt-action.bsky.social · 21/09/2026
The Lib Dems frame a public safety need as a financing problem. A currency issuer doesn't need a tech levy to fund crime enforcement. The real question: why isn't online crime prevention already properly resourced? #MMT #Economics #UKPolitics #UKEconomics
theguardian.com
Lib Dems propose big tech levy to fund £250m online crime agency | Liberal Democrats | The Guardian
Proposal one of many at conference responding to concern voters unaware of party’s policies or what it stands for
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MMTAction @mmt-action.bsky.social · 21/09/2026
"£600m a year" frames maternity safety as a budget problem. It's not. The NHS lacks staff and capacity because the currency issuer chose to underfund it. The question isn't whether we can afford better maternity care. It's why we don't already have it. #MMT #Economics #UKPolitics
bbc.co.uk
Lib Dems call for action to improve safety in maternity care - BBC News
Sir Ed Davey pledged to spend £600m a year on maternity services if the Lib Dems were in government.
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MMTAction @mmt-action.bsky.social · 20/09/2026
The MMT Digest for 20 September 2026 is out. The elaborate farce being played out between the Bank of England and the British Treasury, and more. Read it, listen to the podcast on Spotify and subscribe to get it every Sunday. #MMT #Economics
mmtaction.com
The MMT Digest — 20 Sep 2026 — Economics for People
This week's MMT discussion reveals growing frustration with central bank independence theater while practitioners increasingly defend money creation as economically neutral. The emphasis has shifted from explaining MMT basics to applying it critically—questioning whether current institutional arrangements actually serve economic stability or merely provide political cover. 15 stories reviewed this week.
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