Sectoral Financial Balances for the UK as a % of GDP, smoothed over a year
Sim CB - An Economic Game
Sim CB is a new economic simulation game, with some interesting MMT outcomes
UK Employment Stats
The number of people in the UK without work that want it
The Russian Rouble Get Out Clause
Since 2018 Russia has had an alternative payment clause in its Eurobond contracts that allows it to pay principal and interest in Roubles
How Russian Gas Is Paid For
How the new payment process for gas in Russia will work, including how it is settled at the Moscow Exchange, all of which leads to some interesting observations
Rouble Rumble Continues
Journalists really should take some time to learn how correspondent banking works
Rouble Gas Payments are probably a False Flag
In all international transactions they consumer pays with the currency they have and the producer gets the currency they want to hold. So why the big fuss over Russia’s requirement to receive Roubles?
A Tale of Two Nations
How two nations trade to the benefit of all — allegedly
The Russian Fiscal Toketa
Russia has easily countered the attempts at financial sanctions, resulting in some interesting outcomes that further confirm the view taken by Modern Monetary Theory
The Unreasonable Ineffectiveness of Sanctions on Russia
Electronic impulses on computers only stop tanks in Call of Duty. War is not a game, and stopping it will require rather more than attempts at financial alchemy