Modern Monetary Theory - Magic money tree or trick?
Why is our government concerned about budget deficits when they have the power to print money?
Is their budgeting position really like a household? How do they get people to do what they want?
Do they really have to worry about foreign debt?
Have you ever wondered how government borrowing works?
How do you get teenagers to clean their rooms?
For many, Modern Monetary Theory may come as a shock to the system. This is an approach which is gaining traction in the US, but it’s not yet so well known in the UK. Join us as we explore revolutionary ideas around how government budget deficits may actually be beneficial, and how Covid may not be as unaffordable as we think.
This session will explore these ideas using everyday examples and language. No previous knowledge of economics or political theory is necessary to participate. We will examine the theory and criticisms, followed by an open discussion.
Speaker: Maurice Ward
Maurice’s academic qualifications are in economics and finance. He started an IT company in the first days of microcomputers and ran it for 15 years. This was followed by senior management positions in information in the NHS and Department of Health. He has always been involved in voluntary work, for many years as a Board member of Amnesty International, currently as co-founder of Berwick Film Society and co-founder of NE UBI Lab (Universal Basic Income), as well as chairing a number of local charitable organisations in the Berwick-upon-Tweed area.
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