MMT and Post-Keynesian Economics: A New Paper on Ontological Differences

Our new paper explores the fundamental disagreements between Modern Monetary Theory and Post-Keynesian economics, arguing they stem from deep-seated ontological differences

8 Jul 2025 12:25 +0100 · 9 min · NeilW

UK Sectoral Balances

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

4 Jul 2025 12:01 +0100 · 1 min · NeilW

The Phantom Trade Deficit

We abandoned the gold standard. So why do we still treate trade as though we haven’t?

23 Jun 2025 12:29 +0100 · 4 min · NeilW

UK Employment Stats - Jun 2025

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

10 Jun 2025 12:13 +0100 · 1 min · NeilW

Rethinking Russia's War Chest

Are we missing the real story of Russia’s war funding? The inconvenient truth about roubles and global power.

30 May 2025 13:07 +0100 · 5 min · NeilW

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.

30 Apr 2025 14:14 +0100 · 4 min · NeilW

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

24 Apr 2025 08:01 +0100 · 4 min · NeilW

Capital Flight: A Misconception

Why Money Doesn’t ‘Leave’ an Economy, It Just Changes Hands

16 Apr 2025 14:13 +0100 · 5 min · NeilW

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.

8 Apr 2025 14:53 +0100 · 3 min · NeilW

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