The MMT Podcast with Patricia Pino & Christian Reilly cover image

#1 A hypothecated tax for the NHS?

The MMT Podcast with Patricia Pino & Christian Reilly

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The Hypotekated Tax

There are no two sets of pounds. There's no real pounds. And then these printed ones that, you know, a pound is a pound. So they all originate with government spending. Too many pounds chasing too few goods and services. We're talking about driving up inflation as a concern rather than running out of money as a concern. You can debate on whether it's appropriate to spend on the NHS without this silly or we can't do it because there's no money.

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