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#84 Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1)

The MMT Podcast with Patricia Pino & Christian Reilly

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Uncovering the Reality of the UK Monetary System

This chapter explores the journey of researching and understanding the true functioning of the UK monetary system, debunking common perceptions and emphasizing the government's control over financial matters. It discusses the historical background, legal framework, and operational inefficiencies within the system, proposing improvements to streamline government spending and debt management. The speakers highlight the close relationship between the Bank of England and the UK government, emphasizing that the Bank ultimately follows government directives despite claims of independence.

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