How a simple numerical concept exerts outsized influence over institutional operations and economic thought.
UK Employment Stats
The number of people in the UK without work that want it
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
Time to Talk Tariffs
Trump’s tariffs are decried as protectionist madness, but the EU’s own tariffs escape scrutiny. As Brexit hits its five-year mark, it’s time to expose the double standards in trade policy—and ask who really pays the price.
A Framework for a Basic Bank
In analysis, it’s helpful to simplify and focus on the core elements of a system. Today, we will identify the essential processes and structures required to create a functional bank, accompanied by diagrams to illustrate these key processes.
The Reserve Requirements Fad: A Solution in Search of a Problem
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