"Unmasking MMT: The Monetary Mirage"

Richard Murphy and the Bank of England find themselves amidst a chaotic whirlwind of confusion surrounding Modern Monetary Theory (MMT). For those oblivious to this fiscal farce, MMT claims governments can spend freely without worrying about deficits—because, they argue, they can print more money! It’s charming, really, like a toddler who thinks a toy cash register is the key to buying candy. While academic circles in both the US and UK (yes, my old unpredictable friends) entertain the notion, reality grimaces as inflation looms. Residents beware, the price of such naive beliefs might just be your wallet!