UK Employment Stats

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

13 Feb 2024 12:47 +0000 · 1 min · NeilW

UK Sectoral Balances

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

5 Jan 2024 08:55 +0000 · 1 min · NeilW

MMT Money Story - Print and Shred Edition

For every Printing Press, there is a Shredding Machine. You can’t have one without the other.

18 Sep 2023 08:19 +0100 · 2 min · NeilW

Structural Deficits Are Deflationary

There is far more inflationary pressure from government spending that causes an increase in taxes than from deficit spending

17 Aug 2023 12:22 +0100 · 7 min · NeilW

MMT Verify: is there pressure on the Russian Economy?

We’ve had mostly floating exchange rates for fifty years. You’d think by now people would report using the correct currency

14 Aug 2023 15:45 +0100 · 2 min · NeilW

Cutting Borrowing Costs Made Simple: End Interest Payments

Two titans of UK politics face off over government interest payments, while completely missing the obvious answer: stop giving rich people free money

5 Aug 2023 07:36 +0100 · 2 min · NeilW

MMT Verify: How We Can Staff the NHS Without Tax Rises

Spending only happens if there was something to buy. If that spending is then deficit spending it has a lower inflationary impact than spending that is tax-matched.

25 Jul 2023 10:40 +0100 · 8 min · NeilW

Sophistry or Shibboleth? - "Capital Flight"

Time for another exercise in mythbusting. It turns out it is very difficult for something that cannot move to fly. Who knew?

18 Jul 2023 07:50 +0100 · 3 min · NeilW

MMT Verify: Will Investors Shun Government Debt?

There is no risk that interest rates on UK government debt will reach crippling levels. Interest rates are policy variables. Paying interest is a political choice. Betteridge’s law of headlines applies.

16 Jul 2023 08:39 +0100 · 3 min · NeilW

MMT Basics: Interest Rates

Bill Mitchell explains how MMT sees the effect of Interest Rate changes on the economy

26 Jun 2023 08:21 +0100 · 5 min · NeilW