The banking system throws up many surprises — one of them is how savers inadvertently trap borrowers

After 30 years, a long-planned milestone has arrived

Here’s an executive summary for a potential primer on ZIRP. I invite you to share any thoughts or suggestions on Discord if there are areas that need further detail or clarification

How a simple numerical concept exerts outsized influence over institutional operations and economic thought.

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

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.

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.

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.

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.

Understanding the Physical and Social Constraints of the Public Sector