12 questions that expose the truth about money - Richard Murphy

7th December 2025

Modern Monetary Theory — or modern money as I prefer to call it — simply describes the truth about how money works in the real economy.

Governments create new money every time they spend. Taxation removes money from the economy to control inflation. That's not a theory: it's how the Bank of England says money works.

So why do politicians insist the government can "run out of money"? Why do they say the NHS can’t be funded, but war and bank bailouts always can?

In this video, I share 12 essential questions to challenge politicians when they deny economic reality — and ensure the power of money is used for people, not for the wealthy few.

0:00 — Is Modern Monetary Theory the Most Controversial Idea?
1:30 — How Government Spending Actually Creates Money
3:15 — Tax as the Tool to Clear Money and Control Inflation
4:40 — Why Both Left and Right Attack Modern Money
6:05 — Q1 & Q2: What Is Money and Who Controls Its Supply?
8:00 — Q3 & Q4: Spending Before Tax and Money for War vs Care
10:20 — Q5: Who Gains from Pretending Government Is Broke?
12:05 — Q6-Q8: Unemployment, Climate Investment, and What Really Causes Inflation
15:10 — Q9–Q11: The Left, Borrowing from the Wealthy, and the Affordability Narrative
18:00 — Q12 and Conclusion: Real Limits Are Resources, Not Money

TRANSCRIPT
A transcript for this video is available at: https://www.taxresearch.org.uk