The Magic Money Tree: How Money Really Works (author David Brown, illustrator Sarah Betts) is for non-economists who want to understand what’s going on when the government decides to spend (or not to spend), why austerity is usually the wrong answer to the wrong question, and where money really comes from. It draws on the insights of Modern Money Theory to explain why the limits on sovereign government spending are real but never financial, and why we are not going to have to pay more tax to clear the National Debt, however much Covid-19 eventually costs.

Comments and Queries

Please feel free to send your comments or queries, whether you have read the book or are just interested in what MMT is about. If I can I’ll reply by email or, where appropriate, write a post dealing with the points you raise.


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Thank you for your interest!