Our new paper explores the fundamental disagreements between Modern Monetary Theory and Post-Keynesian economics, arguing they stem from deep-seated ontological differences
UK Sectoral Balances
Sectoral Financial Balances for the UK as a % of GDP, smoothed over a year
The Phantom Trade Deficit
We abandoned the gold standard. So why do we still treate trade as though we haven’t?
UK Employment Stats - Jun 2025
The number of people in the UK without work that want it
Rethinking Russia's War Chest
Are we missing the real story of Russia’s war funding? The inconvenient truth about roubles and global power.
GDP Has It Backwards: Why Importing Stuff Isn't 'Shrinking'
The US economy shrank because it bought more things from abroad? That’s not shrinkage, that’s success measured incorrectly.
Misreading the Signs: Why High UK Borrowing Doesn't Mean Financial Crash
Debunking the crash narrative: Why fears over UK borrowing levels misunderstand the fundamentals
Capital Flight: A Misconception
Why Money Doesn’t ‘Leave’ an Economy, It Just Changes Hands
The Accursed Tariffs
Trump’s tariffs may seem like a blunt economic tool, but their impact is deeply intertwined with currency movements and financial flows.
The Limits of Taxation
Exploring the role of taxation in the UK’s monetary system, this article examines HMRC’s enforcement powers, and the physical limits of tax collection