Reserve requirements are the latest economic fad, but do they actually solve anything? Let’s break down the myths and explains why the UK banking system is (slowly) returning to what worked for centuries.
Time for a Debt Management Review
If we’re going to have government debt, then it’s time to retire Thatcher-era monetarism and adopt a modern, cost-efficient approach to its management.
The Limits of Taxation
Understanding the Physical and Social Constraints of the Public Sector
Sluggish Economies Need More Spending, Not Less
Stop stalling: why bold public investment, not austerity, is the key to economic recovery
UK Sectoral Balances
Sectoral Financial Balances for the UK as a % of GDP, smoothed over a year
It's a Wonderful Life
George Bailey saves Bedford Falls—again! This blog reimagines the bank run with a deeper dive into the monetary system, as George uses his newfound financial savvy to outwit Mr. Potter, keep the town afloat, and still make it to his honeymoon.
UK Employment Stats
The number of people in the UK without work that want it
The Tyranny Of The Myths
Uncover the myths holding back our economy and explore a bold vision: jobs for all, zero interest rates, and a system designed to serve the many—not the few
When Does 'Bad' Money Become 'Good' Bonds?
Why is printing money reckless, but issuing bonds prudent? Both rely on government-created money, yet bonds are respected while monetary financing is demonised. Is it logic—or just tradition—driving this narrative?
Euthanise the Bond Market: Why It's Time to End the Reign of the Money Changers
The UK gilt market turmoil exposes the bond market as an outdated relic. Far from enforcing fiscal discipline, it serves no public purpose. It’s time to modernise public finance and end the myth of ‘bond vigilantes’.