iiinova — where your digital self keeps evolving

Richard Murphy @richardjmurphy.bsky.social · 2h

Guy Standing: Why we all deserve a social dividend. In my latest podcast, I talk to Guy about the precariat, universal basic income, the rentier economy and the need to reclaim the commons. This is a very different view of the world. youtu.be/2CX2wlTWFDk?...

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Guy Standing: Why we all deserve a social dividend

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 10/10/2026

Donald Trump's deal with Russia to secure diesel shows that the moment of desperation in the international economy is approaching very fast. We're edging toward meltdown, and our politicians are still ignoring that fact. www.taxresearch.org.uk/Blog/2026/10...

taxresearch.org.uk

The moment of desperation is approaching very fast

Trump did a deal yesterday with Russia to supposedly release 3 million tonnes of diesel from Russia’s reserves over the next few months. I do not know the price, but the sum is significant because thi...

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Richard Murphy @richardjmurphy.bsky.social · 10/10/2026

Understanding Economics: What is inflation? You would think we'd know by now, and that the Bank of England would know how to manage it. Unfortunately, they don't, and we pay an enormous price for that. youtu.be/dHeC4HsD3rA?...

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Understanding Economics: What is inflation?

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 09/10/2026

The great challenge this country will face soon is deciding who runs it and for whom. Is it run by central banks for financial markets, or by elected governments for people? That is the question. Resolving it may be ugly, but it will have to happen. www.taxresearch.org.uk/Blog/2026/10...

taxresearch.org.uk

Andrew Bailey thinks financial markets rule. They don’t, but he did define the conflict to come.

Andrew Bailey, the Governor of the Bank of England, gave a speech yesterday about the state of the world’s financial markets and the threats that they now face. Much of what he said was entirely ortho...

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Richard Murphy @richardjmurphy.bsky.social · 09/10/2026

When will politicians turn to MMT? The answer is: in a time of crisis when it is apparent that neoliberalism has failed. And when will that be? Quite soon, on the basis of current progress. youtu.be/0S5Ad4WpCCE?...

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When will politicians turn to MMT?

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 08/10/2026

Neoliberalism is failing, but what is it? This is a new version of our infographic on neoliberalism. AI drew the image. I wrote the text.

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Richard Murphy @richardjmurphy.bsky.social · 08/10/2026

Is France signalling the end of neoliberalism? As a matter of fact, people will only stand for abuse from a financial system designed to oppress them for so long. France and maybe Spain seem to be indicating they've had enough. youtu.be/CpRl1ajsj-k?...

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Is France signalling the end of neoliberalism?

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 07/10/2026

Why are the Tories talking about inheritance tax? The economy is riddled with real problems that need attention, but the Tories are talking about their goal of widening the wealth divide. Why? youtu.be/R27sj9UZj3w?...

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Why are the Tories talking about inheritance tax?

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 06/10/2026

Kemi Badenoch’s 'The Right Way' is the wrong way. By looking at what Badenoch does not say in her new description of what it is to be a Conservative, I show that this is a charter for abuse that is riddled with arrogant inconsistencies. youtu.be/AB7Nid-tTFA?...

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Kemi Badenoch’s 'The Right Way' is the wrong way

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 05/10/2026

Tax does not pay for government spending. So what is it for? Instead, it controls inflation and shapes our society, and understanding that could transform how we manage our economy. youtu.be/BTqN9V58ugw?...

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Tax does not pay for government spending. So what is it for?

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 03/10/2026

What is money, really? The hardest question in economics needs an answer. That's what this morning's video is all about. youtu.be/Rs5fIopDHI8?...

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What is money, really?

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 02/10/2026

What if fiscal headroom doesn't exist? youtu.be/Xp-pnyJU_n4?... In the run-up to the Budget, there is going to be a lot of talk about fiscal headroom, but the reality is that this is just a figment of a Chancellor's imagination, just as fiscal rules are.

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What if fiscal headroom doesn't exist?

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 01/10/2026

How the AI boom could make you poorer youtu.be/7nDJ23DK_Eo?... You may not use AI, but it's going to cost you dearly, from increasing the price of your mortgage or rent to hiking the price of electricity. AI will not be coming cheap.

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How the AI boom could make you poorer

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 30/09/2026

Does Andy Burnham have no idea what to do? www.taxresearch.org.uk/Blog/2026/09... Why is Andy Burnham only offering action after the next election, which he knows he will lose? Is it because he does not actually know what to do?

taxresearch.org.uk

Has Andy Burnham no idea what to do?

Andy Burnham indisputably proved that he has mastered the art of making a party conference speech yesterday. It has taken him a very long time to do so, but he’s got there. That was the good news of t...

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Richard Murphy @richardjmurphy.bsky.social · 30/09/2026

The UK doesn't need an IMF bailout youtu.be/ZDbZgBiMp_8?... The Financial Times and others are asking if the UK might need to turn to the IMF for a loan - which is absurd, because nothing could be further from the truth.

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The UK doesn't need an IMF bailout

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 29/09/2026

What happens when neoliberalism's only got fear left to sell? I think that point might have arrived. And what we need instead is a different politics. One based on freedom from fear. Shouldn't that be our goal? Life would be very different if it were. youtu.be/C7gCT8rO7OA?...

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What happens when neoliberalism's only got fear left to sell?

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 28/09/2026

Interest rates: what are you really paying for? youtu.be/COPLlwEY2AE?... The idea that anyone has a right to earn interest just because they have more money than they need makes no economic sense. So, what does?

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Interest rates: what are you really paying for?

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 27/09/2026

There is no such thing as taxpayers’ money youtu.be/4AyhV70BDwE?... Anyone who claims the government spends taxpayers' money is talking total nonsense. The problem is that almost all our politicians do.

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There is no such thing as taxpayers’ money

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 26/09/2026

What is a market, and when can markets work? youtu.be/aEE6JfZSgOA?... The left rarely supports markets, but they have a role in any economy - knowing when is the issue, and that's what this video is about.

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What is a market, and when can markets work?

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 25/09/2026

Is the UK's debt bill creating austerity for the poor and interest for the wealthy? And is this the real interest crisis the UK is facing now? youtu.be/CfCCyQezwI8?...

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Is the UK's debt bill creating austerity for the poor and interest for the rich?

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 24/09/2026

Workers really are getting less of the economy youtu.be/gJ8z1o6FBbs?... If you want to understand why people are so angry with an economy that has left them behind, just look at the data.

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Workers really are getting less of the economy

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 23/09/2026

The politics of blame is replacing solution-focused politics youtu.be/4YuXncPwuow?... . This is bad politics that answers no questions, demands nothing of politicians, and leaves us all worse off. So why are we falling for it?

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The politics of blame is replacing solution-focused politics

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 22/09/2026

What critics get wrong about MMT - or modern monetary theory youtu.be/mKWfEQlcDoU?... Hating MMT seems to be the one thing that unites neoliberals and some Marxists. But all of them argue with a version of their own creation, not the real thing. Here, I tackle the real issues.

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What critics get wrong about MMT - or modern monetary theory

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 21/09/2026

What is business? For most people, it isn't what they think it is. youtu.be/GXfjEmHto8c?... Business is not about profit, companies or capitalism. It is about people organising themselves to meet needs, and that distinction matters.

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What is business? For most people, it isn't what they think it is.

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 20/09/2026

Who controls your attention? The economics of distraction youtu.be/_xROO94ELcg?... . This matters. Your time may be your scarcest resource - and others are trying to keep it that way at cost to you.

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Who controls your attention? The economics of distraction

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 19/09/2026

What is work, and why does it matter so much? youtu.be/8B0w6nEtOS8?... The answer has much more to it than money, which may be why economists so often misunderstand the importance of work.

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What is work, and why does it matter so much?

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 18/09/2026

The Bank of England is using the wrong weapon against inflation youtu.be/J1YYo-C498E?... We're all going to pay a very high price as a result.

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The Bank of England is using the wrong weapon against inflation

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 17/09/2026

What really causes inflation? It isn’t money creation youtu.be/Vi-hQDibhK4?.... And for those with very little understanding of economics who claim it does, as I show, the evidence doesn't support their case.

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What really causes inflation? It isn’t money creation

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 16/09/2026

Quantitative tightening, or QT. What is it? Why has it been a mistake? What should be done about it now? I wrote this infographic. AI created the image.

An infographic on quantitative tightening

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Richard Murphy @richardjmurphy.bsky.social · 16/09/2026

The OAP triple lock isn’t a problem. The cost of pension tax relief is. youtu.be/BfcjgWXk36c?... Commentators are saying we cannot afford pensions for the most vulnerable. But none of them is questioning the £83 billion a year spent subsidising the pensions of the wealthiest. Why is that?

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The OAP triple lock isn’t a problem. The cost of pension tax relief is.

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 15/09/2026

Interest rates are rising, but history says they should be falling. youtu.be/vqH1yJ-zqg8?... Are markets trying to force rates up when they should fall in real terms in wartime - which is what we are living through? I think they are, and the cost will be very high.

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Interest rates are rising, but history says they should be falling

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 14/09/2026

Economics and empathy are words not often seen together. They should be. I wrote this infographic. AI created the image.

An infographic on economics and empathy.

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Richard Murphy @richardjmurphy.bsky.social · 14/09/2026

Why economics needs empathy: the latest in my series on understanding economics youtu.be/wMxXAgzmMH0?...

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Why economics needs empathy: Understanding economics

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 13/09/2026

Why has Anthropic's Dario Amodei called for a halt in AI development? Might it be that he's no idea what to do? He founded Anthropic, but nothing prepared him for this moment. He's called a guru, but he is also human. The blog post provides the explanation. www.taxresearch.org.uk/Blog/2026/09...

taxresearch.org.uk

Why is AI so frightened all of a sudden?

As the New York Times reported last night: The chief executive of Anthropic, the company behind the Claude chatbot, called for a global slowdown of artificial intelligence development in a 3,800-word...

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Richard Murphy @richardjmurphy.bsky.social · 13/09/2026

Is the culture of contentment about to come to an end? youtu.be/teoGyBIQSyQ?... Can we create an economy that provides security for everyone rather than preserving privilege for those who already possess it? John Christensen and I discuss the issue.

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Is the culture of contentment about to come to an end?

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 12/09/2026

Inequality is wrecking Britain, and it's not inevitable youtu.be/Rv3NEq8I9fw?... The real question is, how much inequality will we accept?

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Inequality is wrecking Britain, and it's not inevitable, as Understanding Economics shows

YouTube video by Richard J Murphy

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Richard Murphy @richardjmurphy.bsky.social · 11/09/2026

There is no objective number in accounting or in the relationships it records. That fact is necessarily implicit in double-entry, where a debit must be matched by a credit. In turn, those entries exist in relationship to transactions. An infographic, which I wrote and AI drew:

An infographic on accounting and entanglement.

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