Much better day although it started badly. I went to Manchester to meet up with Peter to see Bill Mitchell talking about Modern Monetary Theory. I went for the train and it was cancelled! An hour to wait in the rain and cold. Good old Northern Rail. It was the only train cancelled that day. I managed to find a cafe about 10 minutes walk from the station so it wasn't too miserable a wait.
The lecture was very good. MMT isn't really a theory. It describes how governments with their own currency create and spend money. In essence, there is no shortage of money, which is what we are being told by our government.
We managed to get in some craft pints in the Lass O'Gowrie and the City Arms.
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