Just published today, this article is relevant to our current discussion:
A pensions policy built on a Ponzi scheme cannot deliver security in retirement
https://www.taxresearch.org.uk/Blog/2025/07/23/a-pensions-policy-built-on-a-ponzi-scheme-cannot-deliver-security-in-retirement/
The author is Emeritus Professor of Accounting Practice Richard Murphy (npub1j79…rc5v)
We also have Emeritus Prof of Political Economy Christopher May who is also active on fedi Emeritus Prof Christopher May (npub12pw…zvxn)
Modern Monetary Theory or Modern Money Theory (MMT) was new to me only yesterday.
https://en.wikipedia.org/wiki/Modern_monetary_theory?useskin=vector
Which sounds to me just like the original Social Credit (not the BC political party!)
The C.D. Howe Institute doesn't seem to like MMT much https://www.cdhowe.org/wp-content/uploads/2024/12/Commentary_593-1-20241220-040639.pdf Howe was a tory I think.
The Fraser Institute, also tory, don't seem to be big on it either https://www.fraserinstitute.org/sites/default/files/primer-on-modern-monetary-theory.pdf
However, their pension policies are a proven failure, so why keep on with them? We all know a popular definition of stupidity: doing the same thing over and over, each time hoping for a different outcome!
Kermode
npub1lj…6ql7a
2025-07-23 19:36:53 UTC
in reply to nevent1q…fhya
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2025-07-23 19:36:53 UTCEvent JSON
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"content": "Just published today, this article is relevant to our current discussion:\n\nA pensions policy built on a Ponzi scheme cannot deliver security in retirement\nhttps://www.taxresearch.org.uk/Blog/2025/07/23/a-pensions-policy-built-on-a-ponzi-scheme-cannot-deliver-security-in-retirement/\n\nThe author is Emeritus Professor of Accounting Practice nostr:npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v \nWe also have Emeritus Prof of Political Economy Christopher May who is also active on fedi nostr:npub12pw99cs5a6j6r56yafxt355j8h38hhw6fh3zwunhj99m3gv3nfds7zzvxn \n\nModern Monetary Theory or Modern Money Theory (MMT) was new to me only yesterday.\nhttps://en.wikipedia.org/wiki/Modern_monetary_theory?useskin=vector\nWhich sounds to me just like the original Social Credit (not the BC political party!)\n\nThe C.D. Howe Institute doesn't seem to like MMT much https://www.cdhowe.org/wp-content/uploads/2024/12/Commentary_593-1-20241220-040639.pdf Howe was a tory I think.\n\nThe Fraser Institute, also tory, don't seem to be big on it either https://www.fraserinstitute.org/sites/default/files/primer-on-modern-monetary-theory.pdf\n\nHowever, their pension policies are a proven failure, so why keep on with them? We all know a popular definition of stupidity: doing the same thing over and over, each time hoping for a different outcome!",
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