'No you are not trying. You need to try harder.'

'Right I will take that away.'

The IRS is sending out agents armed with tax refunds.

The latest from the #BestNewIdeasinMoney podcast, with Stephanie Kelton and yours truly... marketwatch.com/podcasts/best-…

When the IMF urges you to stick with cruel, unnecessary, and counterproductive austerity, you tell them to £ sand. 🇬🇧

'The way the Truss government collapsed should concern all who support democracy. The PM was seeking to fulfill her campaign promises. She was thwarted not by markets, but by a hole in financial regulation..that the BoE proved strangely unwilling to plug.' washingtonpost.com/business/marke…

phys.org/news/2022-10-s…

The gulf between the scale of threat and response is nausea-inducing.

To know about climate is to constantly bounce around a triangle of dread, rage, and determination

if you’re wondering how insanely low the Mississippi River is right now here’s me on a massive sand dune in the middle of it near rosedale, mississippi

twitter.com/thestalwart/st…

Bond vigilantes are still a myth.

From today's Bloomberg Markets newsletter.

bloomberg.com/account/newsle…

More than 2 million households are in arrears on their electricity bills and nearly as many on gas bills. And those debts are from before the 27% price hike on 1 October to the new ‘guarantee’ level which will now end in April bit.ly/3DiyiaD

Great🧵from Richard Murphy to Hugh Grant re questions on Stephanie Kelton’s “The Deficit Myth”.

The Truss debacle *doesn’t* mean “austerity” is right.

My perspective, in a quick🧵

▫️Govt deficits matter, but *not* the way Thatcher’s “nation as household” implied. /1.

New from Pamela Herd & I: the Biden administration's loan forgiveness application is so well-designed that it turned an administrative process into a moment of joy.

Governments can and should learn from it. 🧵
nytimes.com/2022/10/23/opi…

You raise an important issue Hugh Grant. You're reading the right book. Stephanie Kelton is great and we talk often but this is a brief thread in response to your question.

Stephanie Kelton It hadn't changed in 25 years

If you bought your copy of A HEART THAT WORKS from Amazon & want to leave a rating/review, I’d be grateful ❤️📚amzn.eu/d/4p6gKpV

The article “included a quote from a statement by Maya MacGuineas, the president of the Committee for a Responsible Federal Budget, [which]…is not true, as every budget expert knows.” ~ Dean Baker

“Producer prices—a measure of inflation for companies’ goods and services—have climbed nearly 10 percent over the last year. But Japanese companies, unlike their American counterparts, have been reluctant to pass on those additional costs to consumers.” nytimes.com/2022/10/21/bus…