NEW EP!! 🎙️🤓
If governments can create money, why can’t they deliver for the working class? Jim Byrne of MMT101.org joins @austerityismurder.bsky.social to expose a democracy that stops where capital’s interests begin. #MMT #Democracy realprogressives.org/mnc-podcast-...
My interview with Green Central Banking on how the US war on Iran is proof that renewables are the best inflation-protection tool and why we need more public investment in R&D in material science research to find alternatives to petrochemical inputs
greencentralbanking.com/2026/04/17/u...
"Capitalism sustains itself through institutional coercion disguised as “common sense.”
Steve reminds w/MMT lens, the binding constraint isn’t technical (rates, money), it’s political power & will.
If that’s true, “reform” may be a trap. What would "escape" actually require? #Revolution?
Breaking News!
Code UFB!
Global sea surface temperatures continue breaking daily records, with Mar. 23 having a preliminary SST of 21.141°C, ahead of the previous daily record of 21.118°C set in 2024.
This graph shows how fast SSTs are rising compared to pre-2023 temperatures.
Don’t blame immigration for your economic woes. Blame the Epstein class. Erald Kolasi exposes how capitalism pits us against each other to impede working class solidarity. Full ep: realprogressives.org/mnc-podcast-... #immigration #capitalism #ClassStruggle
#immigration #capitalism #ClassStruggle
Fadhel Kaboub presents "Towards a New International Economic & Geopolitical Order: The Opportunity for Global South Repositioning," at a hybrid seminar hosted by Le Laboratoire ThEMA (Théories économiques, Modélisations, Applications) at l'École Supérieure de Commerce de Tunis youtu.be/fHE7OLBFfPs
And people can still train in the approach to economics which is explored in the movie, with Modern Money Lab.
We need a lot more of us to train and gain credentials, as there are still very many (too many) of them in economics and politics and not enough (not nearly enough) of us.
In mid to late June, we will be in Brighton, London, Durham (just me this time), Stockholm and Brussels in that order.
A lot of MMT and a bit of ecological economics.
If you are anywhere near those places and would like to say hello, or come to an event, do let me know.
steven.hail@torrens.edu.au
Thank you for all your support at Modern Money Lab as we begin our fifth year and our eleventh trimester! modernmoneylab.org.au/courses/
We're also proud to share the new website of our US sister organisation modernmoneylab.org
Steven and Gabie
Government liabilities are not a problem, but the distribution of who they are owed to is.
Great to see in the mainstream media
@garethhutchens.bsky.social
@austerityismurder.bsky.social
www.abc.net.au/news/2026-01...
Usually bored of the digging up GOP quotes from 2016 thing but this is a particularly good one
Let us share a sample lecture from near the beginning of our (first) Foundations of Real-World Economics subject, in case anyone is interested to take a look.
This talk is entitled The Growth Machine.
www.youtube.com/live/55q-e52...
Its because I turned off the engine whilst waiting to pick up my kids, sorry
Yes even though Sunni ISIS and Shia Iran are enemies...
The pretence is that Mossad did not orchestrate the event.
The piece refers to Israeli warnings about "Iranian-backed terror infrastructure” but doesn't note that this was meant to be an ISIS operation and that Sunni ISIS and Shia Iran are bitterly opposed...
Great to see that our Adjunct Professor (and supportive friend) Fadhel Kaboub has been (most deservedly) listed by the New African Magazine as one of the 100 Most Influential Africans in 2025 under the Thinkers & Opinion Shapers category. 100.newafricanmagazine.com
Thanks Steve and all, my first one of these and it didnt disappoint.
Suomeen on tulossa samantyyppinen yleistuki kuin Britanniaan. Britanniassa talouskuri (austerity) ja yleistuki (universal credit) aiheutti ainakin 120 000 ihmisen kuoleman. Kuolinsyitä olivat mm. nälkä ja kylmyys. Haluammeko me oikeasti samaa Suomeen? Minne meidän inhimillisyytemme katosi?
Does this mean the ABC are finally catching on to the fact that trying to use interest rates to control inflation is bollocks?
You clearly have not read any core MMT material but merely half baked critiques which provide a strawman version.
It is the time of year when I get more boring than usual, to remind you there exists a global online Masters degree in economics with live webinars solidly based on #MMT and a respect for our planetary boundaries
Let's change the world!
For details, steven.hail@torrens.edu.au
Governments do not intervene in the economy.
Government decisions are the economy.
Complete X axis? (What period?)
It seems George Monbiot is an economics denier.
He thinks financial capital is finite and that we can tax the rich to 'get it back'.
Financial capital is not finite. The ability of a liveable planet to withstand ecological vandalism is.
I've got that 'above the trendline' feeling this morning, and haven't even had a cup of coffee yet.
Here's the latest on the 3-year running average for global sea-ice extent.
The Modern Money Lab Economics of Sustainability January series this year will feature the following academics - Pavlina Tcherneva, Stephanie Kelton, John Harvey, Scott Fullwiler, Tim Foxon and Phil Lawn.
More details soon or from steven.hail@torrens.edu.au.
Do come along.
The housing crisis is merely a sub-set of the inequality crisis.
Those earning high incomes have no problem affording houses.
Your 'fun global warming water-cooler doom fact' for today:
The last October that saw a monthly average temperature at or below the 1850-1900 pre-industrial baseline was October, 1976, at -0.18°C below the baseline.
Fun, right?
