Has the coronavirus proven the existence of the magic money tree? Theresa May, in response to an NHS nurse who hadn’t received a pay rise in eight years, asserted that “there isn’t a magic money tree” during a 2017 election special of Question Time; on the 20th of March 2020, Rishi Sunak introduced the Coronavirus Job Retention Scheme that is estimated to cost around £78bn, … Continue reading Modern Monetary Theory Revisited