William Thomson
@Williamgallus
Founder of SCOTONOMICS. MSc Green Economy. M.Econ Economics of Sustainability. Scottish Republican.
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That is almost all modern financial services. They must revert to being agents of the public and working for the public purpose, not for profit.
Robin McAlpine says we have a financial services sector whose purpose is to take money away from you and not to support the economy.
"The pound is understood and used by the people of Wales. Why present further problems when there is no need?" Wales could be about to learn the hard way....@NationCymru nation.cymru/opinion/moneta…
"The World Has Too Much Steel, but No One Wants to Stop Making It" According to neoclassical economics, supply always equals demand because the price adjusts. In the real world, that is often not the case. nytimes.com/2025/07/25/bus…
I hope that the economic program of this new 🇬🇧 project will embrace the progressive trinity of Doughnut Economics, Mission Economy and Modern Money Theory #MMT🍩🚀💰 yourparty.uk
Martin Hensher on Planet Critical. Martin is a professor at the University of Tasmania, and also the lecturer in Sustainable Health Economics on the Modern Money Lab Torrens University Masters degree. His work is excellent and fascinating in both roles. open.substack.com/pub/planetcrit…
Know the enemy. I've been planning to read this for a while. But writing a paper on central banks/bonds/currency with @wbmosler inspired me to dig it out. So how did we get into such a mess?
Been watching the #TourDeFrance as always. The best riders skirting past modern infrastructure, on good roads through beautiful towns. Hope all those who think we can afford any of the above in the UK are paying attention.
"Why do we presume a generation of orthodox economists got the balance so right that the policy flexibility of their successors should be curtailed, as if economic innovation ended in the 1990s and no further improvements could be made?" Great question/point @ShireenMorrisMs
I very much enjoyed this 'myth' based chat. Always reaffirming to hear #EcologicalEconomists giving very clear support for #MMT youtube.com/watch?v=oasu6W…
"Powerful recovery"? 18 years after 2007, they have still not reached their pre-crisis level of GDP and will not for at least another decade and a half if the recent trend continues. And let us not forget: 🇬🇷 came back from the brink when they stopped applying austerity policy.
Greece has staged a powerful recovery in the 10 years since it faced near economic collapse — so how did it do it? We look at how Greece came back from the brink here: on.ft.com/3IkVQ4N
I've asked Gary if he wants to meet (or debate) @wbmosler, the 'Father' of Modern Monetary Theory #MMT, over the summer. Two ex bankers. Who knows more about government monetary finances?
If the government keeps losing its wealth the welfare state is over. On @LBC just now.
"The State We Are In" We highlight just some of the issues with the UK economy (10min video) youtube.com/watch?v=N5Zcvn…
This is not correct. The main point that I hope people take away is that we need to tax the wealthy to remove their power. If we don't do this, we have a faltering democracy. But with the resources the government can secure, it will NEVER go bankrupt.
If the government keeps losing its wealth the welfare state is over. On @LBC just now.
Hadn't come across this one before! And it is a beauty. #LearnedHelplessness
The deficit is the natural position of the state budget. It's neither a mistake nor a mistake. It's a reflection of private savings and the external deficit. The real scandal ? That our leaders still haven't understood this. mmt-france.org/2025/07/19/the…
The Modern Money Lab Tour- 1) Bristol Anti-Austerity Conference Fri/Sat 12/13 September. 2) Amsterdam 1-Day/Evening MMT Workshop Sun 14 Sept. 3) Sheffield 2-Day MMT Workshop Sat and Sun 20/21 Sept. 4) Vienna 2-Day MMT Workshop Sat and Sun 27/28 Sept. More details to follow.
🔥@PhilArmstrong58 has spent a couple of enjoyable years diving into the life and works of @wbmosler a legend in his own lifetime as both the founder of #MMT but also the engineering genius behind a range of energy efficient sports 🚗 and public transport ⛴️
Now on sale! Warren Mosler. Under the Bonnet - Phil Armstrong lolabooks.eu/products/warre…
🎧📺 listen & watch @RadioYesCymru podcast on issue: x.com/YesCymru/statu…
Should Wales have its own currency? Join Mark Hooper, Tegid Roberts & Scotonomics’ William Thomson who explain why they believe an independent Wales and Scotland should have their own currencies. 📺 Watch the full discussion: • The Economics of Independence 2: Should we…
