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

1 Apr 2025 12:22 +0100 · 5 min · NeilW

UK Sectoral Balances

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

28 Mar 2025 10:17 +0000 · 1 min · NeilW

The Hidden Power of Sovereign Wealth Funds

Sovereign wealth funds let states quietly wield currency power—disguised as prudent investment

25 Mar 2025 10:43 +0000 · 4 min · NeilW

Some Uncomfortable Truths About Banking

Understanding deposits, reserves, and capital reveals some uncomfortable truths

18 Mar 2025 08:54 +0000 · 2 min · NeilW

UK Employment Stats

The number of people in the UK without work that want it

12 Mar 2025 14:26 +0000 · 1 min · NeilW

The Loan Lock Paradox

The banking system throws up many surprises — one of them is how savers inadvertently trap borrowers

11 Mar 2025 10:19 +0000 · 2 min · NeilW

Time for a Change

After 30 years, a long-planned milestone has arrived

2 Mar 2025 12:41 +0000 · 7 min · NeilW

Zero Interest Rate Policy (ZIRP) Primer

Here’s an executive summary for a potential primer on ZIRP. I invite you to share any thoughts or suggestions on Discord if there are areas that need further detail or clarification

23 Feb 2025 10:37 +0000 · 6 min · NeilW

The Tyranny of Zero: How Nothing Controls Everything

How a simple numerical concept exerts outsized influence over institutional operations and economic thought.

16 Feb 2025 09:19 +0000 · 5 min · NeilW

Beyond the 'Bonanza': Unseen Dimensions of the De Grauwe/Ji Reserve Policies

A critique of De Grauwe and Ji’s analysis of the UK reserve system, highlighting aspects of the UK’s fiscal framework they have overlooked

9 Feb 2025 11:35 +0000 · 4 min · NeilW