Against Modern Monetary Theory

By: James Meadway

We cannot flush away our social problems on a tide of government-printed money.

Illustration by Harry Haysom

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There is the prospect of electing, within the next few years, a government of the Left in Britain that is committed, in the words of Shadow Chancellor John McDonnell, to making an economy that is ‘radically fairer, radically more democratic, and radically more sustainable.’ These are fine words, but it leaves open the question — how? […]

Medium

There is the prospect of electing, within the next few years, a government of the Left in Britain that is committed, in the words of Shadow Chancellor John McDonnell, to making an economy that is ‘radically fairer, radically more democratic, and radically more sustainable.’ These are fine words, but it leaves open the question — how? […]

Large

There is the prospect of electing, within the next few years, a government of the Left in Britain that is committed, in the words of Shadow Chancellor John McDonnell, to making an economy that is ‘radically fairer, radically more democratic, and radically more sustainable.’ These are fine words, but it leaves open the question — how? […]

There is the prospect of electing, within the next few years, a government of the Left in Britain that is committed, in the words of Shadow Chancellor John McDonnell, to making an economy that is ‘radically fairer, radically more democratic, and radically more sustainable.’ These are fine words, but it leaves open the question — how? […]

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