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Could you be a little more specific where you think the study is not useful? For example, I assume that you hold the conventional, three source view of public spending - namely from either tax, public debt, or money creation, which is viewed an inflationary alternative to the other sources...

No, of course no one has to offer anything on Northstandchat if they dont want to, but you and others have suggested that my contention that tax does not fund central government expenditure is false. I have cited evidence in a detailed study which supports my argument. No one has offered any...

I don’t know what BBS is. The attributions to MMT in the Chicago survey questions didn’t actually relate to any actual tenets of MMT. They were just straw man questions. What specific elements of the UCL analysis do find fault with?

Well it describes itself as one of a series of working papers, is around 38 pages long and is cogently argued with supporting graphics and is fully referenced and much of it based on around two years research by three of the authors in their paper An Accountancy Model of the British Exchequer...

Tax is still important but not as a source of government revenue. I agree with the rest of your comments

So as not to disappoint Guiness Boy et al., can I point out that taxes paid to the UK exchequer (not local taxes) , don`t fund central government spending. They perform other functions within the UK economy. New money is created whenever the government spends. Tax receipts are destroyed. If...