Legal Tender, Debt, and the Institutional Settlement of Monetary Obligations in English Law

Under English law, legal tender is a fading procedural defence, not a debt-discharge mandate, as settlements hinge on electronic bank money

2 Oct 2025 16:16 +0100 · 5 min · NeilW

UK Sectoral Balances

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

2 Oct 2025 16:16 +0100 · 1 min · NeilW

UK Employment Stats - Sep 2025

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

30 Sep 2025 07:37 +0100 · 1 min · NeilW

'Under the Bonnet' Book Launch - Slides

The slides from my ‘Thinking like an MMTer’ talk at Warren’s Book Launch event

31 Aug 2025 06:54 +0100 · 1 min · NeilW

Fairness on the Frontline

Outdated NHS pay rules are failing resident doctors

1 Aug 2025 12:18 +0100 · 7 min · NeilW

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

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

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