The National Minimum Wage has become a rationing mechanism rather than a floor. By clinging to age-based tiers, the UK masks a systemic failure where the private sector no longer rewards experience.

Agent-based banking models impose hard capital constraints and lack market-priced equity issuance, overstating credit rationing relative to empirical evidence on proactive seasoned equity offerings.

A ‘bond crisis’ is upon us, apparently. Break the usual framing and the opposite emerges: borrowing costs have fallen, and the ‘crisis’ is seen for what it is - manufactured panic serving particular interests.

Currency Collapse is Codswallop. Why the Currency Crisis Crew have it backwards, yet again.

Why I think that Starmer is going to be staying exactly where he is for the foreseeable future

The gilt market is mendicant, not master. Why we must stop our devotion to an empty throne and remove this phantom veto on democracy.

Sectoral Financial Balances for the UK as a % of GDP, smoothed over a year

The Minimum Wage Jobs (MWJ) Framework is the most operationally efficient version of a Job Guarantee for the United Kingdom. It achieves the dual objective of a modern stabilisation system: eliminating involuntary unemployment while providing a permanent anchor for inflation.

Big government or small? Physics doesn’t care. Why the economy is an electric motor, and why “balancing the books” is the wrong way to drive.