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MMTAction

@mmt-action.bsky.social

254 followers 174 following 759 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 · 2h

"The fiscal rules say we can't." Rules written by Westminster can be rewritten by Westminster. The UK government issues the pound. The binding limit is real resources, not a rule it set itself. Build your Budget rebuttal with Argument Builder. #MMT #UKGreenParty #Economics #UKPolitics

Argument Builder — MMTAction — Economics for People

Paste the economic claim you're struggling to counter and get a fact-based rebuttal, built on Modern Monetary Theory. Free, no account needed.

Reposted by MMTAction

Trisha Peña 🐸🎨🐕🙏🧘🌝🎼 🌊 @trishapena.com · 10h

This blew my mind. I *think* I understand most of it, but I'll be delving deeper into MMT going forward.

MMTAction @mmt-action.bsky.social · 8h

The IMF praises Britain's plan to shrink the deficit, then forecasts growth to "edge down". Odd, that. A deficit is private sector income. Cut it and ours goes too. Westminster issues the pound. The limit is real resources, not a target. #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics

theguardian.com

Healey should ‘stay the course’ and repair UK finances, says top IMF economist | Economics | The Guardian

Fund upgrades UK’s GDP growth forecast for 2026 to 1.3%, but says it is likely to ‘edge down’ next year

MMTAction @mmt-action.bsky.social · 9h

Councils don't have a "Send debt" problem. Children have a support problem. Councils use the pound. Westminster issues it. It cleared £5bn, then let the gap refill. The need is real. The scarcity is a choice made in Westminster. #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics

theguardian.com

English councils warn of ‘catastrophic’ Send debts forecast to hit £10bn by 2028 | Special educational needs | The Guardian

Surge in EHCP applications poses risk to public finances and may lead to deteriorating levels of support

MMTAction @mmt-action.bsky.social · 12/10/2026

Nobody has beaten the MMT bot yet. Bring your best "how will you pay for it?" and see how you score. The UK government is the currency issuer. Real resources are the limit. Try to break that. #MMT #UKGreenParty #Economics #UKPolitics

The MMT Challenge

Nobody has beaten the MMT bot. Bring your best anti-MMT argument and see how you score.

MMTAction @mmt-action.bsky.social · 12/10/2026

"There's a black hole in the public finances." A black hole is a forecast gap against self-imposed fiscal rules. Westminster writes the rules, then gasps when it misses them. Try it: Argument Builder. #MMT #UKGreenParty #Economics #UKPolitics

Argument Builder — MMTAction — Economics for People

Paste the economic claim you're struggling to counter and get a fact-based rebuttal, built on Modern Monetary Theory. Free, no account needed.

MMTAction @mmt-action.bsky.social · 12/10/2026

Fuel duty doesn't fund the spending. It's a lever the Treasury chooses to pull. Pulling it during a supply shock hits van drivers for nothing. Scrap the rise. The real limit is refinery capacity, not a pot at the Treasury. #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics

theguardian.com

UK van drivers face extra £2.5bn in diesel costs this year, figures show | Petrol prices | The Guardian

Calls for planned fuel duty rise to be scrapped as analysis finds average fuel bill could hit £1,965, up from £1,294

MMTAction @mmt-action.bsky.social · 12/10/2026

A £35bn "challenge" is a rule the Treasury wrote itself. Not a law of nature. Westminster issues the pound. The real limits are workers, energy and capacity, not a spreadsheet. Funny how the rules bind hardest on hospitals. #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics

Healey faces Â£35bn Budget challenge to meet spending pledges, says think tank - BBC News

The Institute for Fiscal Studies says the government will need a "top-up" of billions of pounds if it wants to meet its spending plans.

MMTAction @mmt-action.bsky.social · 12/10/2026

Heat pumps raided to pay for defence. Spot the problem? The claim is that defence must be funded from another budget. Wrong. The government issues the pound. The real limit is engineers, installers and steel. Cutting heat pump subsidies frees none of them. #MMT #UKGreenParty #Economics #UKPolitics

theguardian.com

Ministers preparing to slash heat pump subsidies to fund defence spending | Heat pumps | The Guardian

Exclusive: Some of £2bn savings needed from energy budget expected to come from boiler upgrade scheme, sources say

MMTAction @mmt-action.bsky.social · 12/10/2026

The real work of fiction: that the chancellor must "find" £35bn before spending it. The UK government issues the pound. The limit is real resources, not a hole in a spreadsheet. Deep cuts would be a choice, not arithmetic. #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics

theguardian.com

IFS: budget will be ‘work of fiction’ without clear plan to cover UK’s £35bn spending pressures | Institute for Fiscal Studies | The Guardian

Thinktank’s influential pre-budget report urges key decisions to be made now and not put off until next year

MMTAction @mmt-action.bsky.social · 12/10/2026

Farmers ask how they finance the crop. Wrong problem. Seed, diesel and labour are real. Money isn't scarce for Westminster, which issues the pound. It can underwrite growers. It chooses not to, then calls the result the market. #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics

theguardian.com

‘Some aren’t going to make it’: how pressure on farmers threatens UK food security | UK news | The Guardian

Food producers are adding their voices to the chorus of warnings about the vulnerability of British supply chains

MMTAction @mmt-action.bsky.social · 11/10/2026

"Who pays, and for how long" is a bad question for a currency issuer. It is a good one for Ireland, which uses the euro and issues none of it. Its welfare state rests on a US corporate tax base because the constraint is built in. #MMT #UKGreenParty #Economics #UKPolitics #EUEconomics

braveneweurope.com

Aidan Regan – Ireland: A European welfare state on an American tax base – Brave New Europe

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MMTAction @mmt-action.bsky.social · 11/10/2026

The Green Party's spending plans are always framed as "Where will you find the money?"; but the real question is who gets to create it. The UK government is the pound issuer. It cannot run out of GBP. The only limits are real resources and inflation. #MMT #UKGreenParty #Economics #UKPolitics

Green Party Economics Toolkit — MMTAction — Economics for People

MMT-grounded local talking points for Green / progressive party local parties: council cuts, housing, NHS, education. UK and US.

MMTAction @mmt-action.bsky.social · 11/10/2026

Japan keeps getting wheeled out as the debt horror story. This week's MMT Digest asks what inaction costs, with construction jobs as the evidence. The MMT Digest is out now. Listen on Spotify, or get the Sunday email. #MMT #UKGreenParty #Economics #UKPolitics

The MMT Digest — 11 Oct 2026

This week's coverage circles back to Japan as a test case and keeps pressing the question of political will. The focus on construction jobs and the cost of inaction suggests MMT thinkers are less interested in winning abstract debates and more focused on making the case through concrete labor market evidence.

MMTAction @mmt-action.bsky.social · 11/10/2026

'We can't afford it.' Spend five minutes asking the real questions. What actually constrains public spending? Where does money come from? Can a currency issuer run out? Try the Ask MMT tool and answer them yourself. #MMT #UKGreenParty #Economics #UKPolitics

Ask any question about money, tax, and deficits and get an MMT-grounded answer.

MMTAction @mmt-action.bsky.social · 11/10/2026

Debt relief treats the symptom. The disease is borrowing in a currency you can't issue. Rich countries that issue their own currency ride out bond tantrums. Poor ones borrow dollars and pay for the panic. The fix is not charity. #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics

theguardian.com

Labour has got the message – it’s developing nations suffering most from bond market turmoil | Heather Stewart in Bangkok | The Guardian

Just as Brown and Blair did in 2005, Andy Burnham aims to champion debt relief to help developing countries

MMTAction @mmt-action.bsky.social · 10/10/2026

"There's a black hole in the public finances." A black hole is a gap between a forecast and a self-imposed fiscal rule. Westminster writes the rule, then discovers it has broken it. The real constraint is real resources, not the rule. Build your answer in Argument Builder. #MMT #UKGreenParty

Argument Builder — MMTAction — Economics for People

Paste the economic claim you're struggling to counter and get a fact-based rebuttal, built on Modern Monetary Theory. Free, no account needed.

MMTAction @mmt-action.bsky.social · 10/10/2026

"We must show how we'd pay for it." Wrong frame. A currency issuer doesn't pay for spending with revenue. It creates money when it spends, destroys it when it taxes. The real question: do we have the real resources? Use Argument Builder to craft your answer. #MMT #UKGreenParty #Economics

Argument Builder — MMTAction — Economics for People

Paste the economic claim you're struggling to counter and get a fact-based rebuttal, built on Modern Monetary Theory. Free, no account needed.

MMTAction @mmt-action.bsky.social · 09/10/2026

Shein outsells Asos and we're told it's a customs loophole. Cute. The loophole is thin pay packets that can only stretch to £8 tops. Westminster issues the pound. It can fund decent wages and a Job Guarantee. #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics

theguardian.com

Shein outsells British rival Asos as UK revenue hits £2.58bn | Shein | The Guardian

Online retailer’s 26% jump sharpens focus on exemption letting cheap parcels into the country duty-free

MMTAction @mmt-action.bsky.social · 09/10/2026

"Feed your country or pay your creditors" only binds those who owe in currencies they can't issue. Dollar debt, yes. Sterling debt, no. The UK government issues the pound. Its limit is food and fuel, not a creditor's invoice. #MMT #UKGreenParty #Economics #UKPolitics #EUEconomics

braveneweurope.com

Michael Hudson – Feed Your Country or Pay Your Creditors – Brave New Europe

MMTAction @mmt-action.bsky.social · 09/10/2026

The Phillips curve says you need unemployment to control inflation. That's the choice we're told we have to make. But it's a false one. The Job Guarantee replaces unemployment as the price anchor with paid public work at a fixed wage. #MMT #UKGreenParty #Economics #UKPolitics

MMT Thinkers & Economists — MMTAction — Economics for People

The economists, academics, journalists, and advocates who have shaped Modern Monetary Theory. 71 contributors in the MMTAction archive.

MMTAction @mmt-action.bsky.social · 09/10/2026

"Unlock billions" makes it sound like a vault. It's a timetable. Westminster issues the pound, so the £39bn waits on an election, not a bank balance. Housing associations are ready to build. The real limits are builders and land, not cash. #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics

theguardian.com

Labour chair of housing committee calls for urgent funds for affordable homes in England | Housing | The Guardian

Exclusive: Abena Oppong-Asare urges chancellor to unlock billions of pounds, as housing associations say they could build 41,000 homes in 10 years

MMTAction @mmt-action.bsky.social · 09/10/2026

"The state that issues the pound doesn't go looking for it. It spends it into existence. Self-financing, as advertised." MMT Michael defends the self-financing state against Dunn. The binding limit is real resources, not a funding pot. #MMT

mmtmichael.substack.com

In Defence Of - by MMT_Michael - MMT's Substack

The Self-Financing State vs Dunn

MMTAction @mmt-action.bsky.social · 09/10/2026

A £500bn spreadsheet error is funny. The bigger error is the frame: net zero as a bill to "afford". Pounds aren't scarce. Steel, grid engineers and installers are. Count those. Westminster issues the pound and can fund the lot. #MMT #UKGreenParty #Economics #UKPolitics Source: Guardian Politics

Argument Builder — MMTAction — Economics for People

Paste the economic claim you're struggling to counter and get a fact-based rebuttal, built on Modern Monetary Theory. Free, no account needed.

Reposted by MMTAction

Tom Hickmore @tomhickmore.bsky.social · 08/10/2026

Working through the US govt’s payment systems, Elon Musk discovered 14 “magic money computers” that could “just issue payments” and “send money out of nothing.” What confounded his neoliberal understanding of govt finance is precisely the sort of monetary plumbing #MMT has long explained.

MMTAction @mmt-action.bsky.social · 08/10/2026

"Credible to markets" is a strange test for the government that issues the pound. Gilt yields are a policy choice, not a verdict. The Bank sets rates and can buy gilts. The real limits are resources and inflation. #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics Source: Guardian Business

Ask MMT — Economics for People

Ask questions about MMT, fiscal policy and economics. Answers grounded in the MMT archive of episodes and papers.

MMTAction @mmt-action.bsky.social · 08/10/2026

"Pensions and social care are not unaffordable. They are unfunded by choice." Westminster issues the pound. Promising adequacy while pleading poverty is the oldest trick going. The real limit is carers, nurses and buildings, not cash. #MMT

mmtmichael.substack.com

Promises, Promises - by MMT_Michael - MMT's Substack

Pension Adequacy and the Financing of Social Care

MMTAction @mmt-action.bsky.social · 08/10/2026

(5/5) Stop rehearsing alone. Get into the Dojo and practise against live opposition. When someone challenges your climate policy or your NHS funding case, you'll have the rebuttal ready.

Practice live, timed debates against common critics of MMT, scored and coached every turn.

MMTAction @mmt-action.bsky.social · 08/10/2026

(4/5) The tool doesn't just tell you the answer. It makes you say it, under pressure, in real debate conditions. That's how you build the muscle memory to win.

MMTAction @mmt-action.bsky.social · 08/10/2026

(3/5) You'll face the real objections: 'How will you pay for it?' 'Won't that cause inflation?' 'We can't afford it.' The ones that derail campaigns in real time.

MMTAction @mmt-action.bsky.social · 08/10/2026

(2/5) Debate Dojo lets you spar with the arguments you'll actually face. Live, timed, scored. Every turn you get coached on what landed and what didn't.

MMTAction @mmt-action.bsky.social · 08/10/2026

(1/5) Your opponent says the deficit proves we're spending recklessly. You freeze. They score a point. But you don't have to. There's a way to learn the rebuttal that actually wins. #MMT #UKGreenParty #Economics #UKPolitics

MMTAction @mmt-action.bsky.social · 08/10/2026

"France jettisoning neoliberalism" assumes the problem was the ideology, not the constraint. The real shift: treating real resources and employment as the binding limits, not the deficit. That's not post-neoliberal. That's MMT. #MMT #UKGreenParty #Economics #UKPolitics #EUEconomics

braveneweurope.com

Richard Murphy – Is France jettisoning neoliberalism? – Brave New Europe

Reposted by MMTAction

William Thomson @williameconomist.bsky.social · 07/10/2026

The "Scottish National Investment Bank". When is a bank not a bank? And what other questions does SNIB's continued failure raise? Important thread (longer article link below) 1/8 www.patreon.com/ScotlandsPol...

The Scottish National Investment Bank - when is a bank not a bank? | Scotland's Political Economy

The Scottish National Investment Bank (SNIB) lost £138 million last year. It was its fifth consecutive year of losses. Banks aren’t supposed

MMTAction @mmt-action.bsky.social · 07/10/2026

Social media is full of claims like 'the government's running out of money' and 'we need to balance the budget'. Sound familiar. The Social Media Critique tool teaches you to spot the misinformation moves; and land the MMT reframe that wins the argument. #MMT #UKGreenParty #Economics #UKPolitics

Social Media Critique

Analyse social media claims about the economy using MMT

MMTAction @mmt-action.bsky.social · 07/10/2026

Bond yields are soaring because central banks raise rates, not because debt is too high. Austerity will deepen shortfalls. Why is the currency issuer letting interest costs spike instead of anchoring rates? #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics Source: Guardian Politics

Argument Builder — MMTAction — Economics for People

Paste the economic claim you're struggling to counter and get a fact-based rebuttal, built on Modern Monetary Theory. Free, no account needed.

MMTAction @mmt-action.bsky.social · 07/10/2026

You see "we can't afford it" on every thread. The claim looks obvious, but underneath it sits a bankrupt frame. Social Media Critique teaches you the five misinformation moves that lock it in place; and how to break it. Spot the trap, win the argument. #MMT #UKGreenParty #Economics #UKPolitics

Social Media Critique

Analyse social media claims about the economy using MMT

MMTAction @mmt-action.bsky.social · 07/10/2026

Governments don't tax first and spend second. They have to spend first. How else would anyone have the money to pay the tax? #MMT #FindingTheMoney #UKGreenParty

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.

MMTAction @mmt-action.bsky.social · 07/10/2026

Tariffs aren't about affordability. The US government funds via currency creation. The choice is whether it taxes the rich or inflates prices on workers. That's what's being masked. #MMT #UKGreenParty #Economics #UKPolitics Source: Bond Economics

Argument Builder — MMTAction — Economics for People

Paste the economic claim you're struggling to counter and get a fact-based rebuttal, built on Modern Monetary Theory. Free, no account needed.

MMTAction @mmt-action.bsky.social · 07/10/2026

Spend more than £1bn to "help" frames public provision as a budget constraint. Real question: why isn't energy publicly provided or subsidised at source? A currency issuer doesn't ration help. It builds capacity. #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics Source: Guardian Politics

Argument Builder — MMTAction — Economics for People

Paste the economic claim you're struggling to counter and get a fact-based rebuttal, built on Modern Monetary Theory. Free, no account needed.

MMTAction @mmt-action.bsky.social · 06/10/2026

"The NHS can't afford it." Wrong frame. The UK is a currency issuer. The real question is whether real doctors, nurses and beds exist. They do. The Argument Builder will show you how to demolish this claim in seconds. #MMT #UKGreenParty #Economics #UKPolitics

Argument Builder — MMTAction — Economics for People

Paste the economic claim you're struggling to counter and get a fact-based rebuttal, built on Modern Monetary Theory. Free, no account needed.

MMTAction @mmt-action.bsky.social · 06/10/2026

Framing aid cuts as a budget trade-off is a con. A currency issuer doesn't choose between prisons and aid by squeezing one pot. Both are affordable. The real constraint is real resources and inflation, not pounds. #MMT #UKGreenParty #Economics #UKPolitics Source: Guardian Politics

Ask MMT — Economics for People

Ask questions about MMT, fiscal policy and economics. Answers grounded in the MMT archive of episodes and papers.

MMTAction @mmt-action.bsky.social · 06/10/2026

"Britain can't afford £10bn", wrong frame. A currency issuer asks what real resources and manufacturing capacity exist, not whether the budget balances. That's the actual constraint worth debating. #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics Source: Guardian Politics

Ask MMT — Economics for People

Ask questions about MMT, fiscal policy and economics. Answers grounded in the MMT archive of episodes and papers.

MMTAction @mmt-action.bsky.social · 05/10/2026

Got an anti-MMT argument you reckon is unbeatable? Test it against the MMT bot. Nobody has beaten it yet. Think you can be first? #MMT #UKGreenParty #Economics #UKPolitics

The MMT Challenge

Nobody has beaten the MMT bot. Bring your best anti-MMT argument and see how you score.

MMTAction @mmt-action.bsky.social · 05/10/2026

"The bond markets won't allow it." Not true. The Bank of England sets interest rates. Markets don't veto a currency issuer's spending. Build your counter-argument. #MMT #UKGreenParty #Economics #UKPolitics

Argument Builder — MMTAction — Economics for People

Paste the economic claim you're struggling to counter and get a fact-based rebuttal, built on Modern Monetary Theory. Free, no account needed.

MMTAction @mmt-action.bsky.social · 05/10/2026

The government designs a national care service for older people while working-age disabled adults are left to fend for themselves. Not a resource problem. A political choice about who counts. #MMT #UKGreenParty #Economics #UKPolitics Source: Guardian Politics

Ask MMT — Economics for People

Ask questions about MMT, fiscal policy and economics. Answers grounded in the MMT archive of episodes and papers.

MMTAction @mmt-action.bsky.social · 05/10/2026

The government "can't afford" youth politics. A currency issuer that literally creates pounds chooses not to fund democratic participation. That's not a budget problem. That's a values problem. #MMT #UKGreenParty #Economics #UKPolitics Source: BBC Politics

Argument Builder — MMTAction — Economics for People

Paste the economic claim you're struggling to counter and get a fact-based rebuttal, built on Modern Monetary Theory. Free, no account needed.

MMTAction @mmt-action.bsky.social · 05/10/2026

Wage theft disguised as a supply-chain story. A currency issuer can fund public energy capacity and anchor wages through the Job Guarantee. It chooses to let workers absorb inflation instead. #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics Source: Guardian Business

Argument Builder — MMTAction — Economics for People

Paste the economic claim you're struggling to counter and get a fact-based rebuttal, built on Modern Monetary Theory. Free, no account needed.

MMTAction @mmt-action.bsky.social · 04/10/2026

Sure Start worked. Now watch ministers credit "efficiency" while underfunding the next generation. Early childhood isn't a legacy to coast on. It's real spending on real brains. The currency issuer can afford it. #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics Source: Guardian Politics

Ask MMT — Economics for People

Ask questions about MMT, fiscal policy and economics. Answers grounded in the MMT archive of episodes and papers.

MMTAction @mmt-action.bsky.social · 04/10/2026

Independent regulator to cap fees while leaseholders stay trapped in the system. The government can't regulate its way out of what it should just fix: make leasehold itself optional. Real power means choice, not better complaints forms. #MMT #UKGreenParty #Economics #UKPolitics #UKEconomics

theguardian.com

The Guardian view on trapped leaseholders: Labour must keep its promise to set them free | Editorial | The Guardian

Editorial: The government pledged to end an unfair system. Ministers must give homeowners power over costs, rather than another place to complain