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The Steady State is a publication about prices, what they are, what they hide, and what they reveal about our society and its institutions. Every price is the product of an institutional arrangement that determines who can do what, on what terms. Most economic commentary treats prices as technical outputs of neutral machinery. The Steady State argues the opposite, that recovering the political content of what is presented as engineering is the precondition for understanding the dynamics of prices.

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About me

I’m Patricia Pino, founder of MMTUK Policy Research Group and a PhD researcher in economics at UCL’s Institute for Innovation and Public Purpose. I co-host The MMT Podcast and write here on monetary policy, fiscal policy, inflation, and the institutional design of the UK economy.

To learn more about the author, go to patriciapino.com.

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Each long-form piece is a substantial work of original analysis, published on the 3rd Wednesday of every month. Paid subscribers receive the full analytical work plus a companion Audio Notes episode the day after each piece, containing the author’s commentary covering the motivation behind the piece, where the argument is going, and what didn’t fit in the final version.

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