Rachel Reeves and the Great Fiscal Sleight of Hand
Rachel Reeves’ tax hikes are sold as plugging a ‘black hole’, but the real aim may be freeing up resources for public investment, not balancing a mythical household budget
Legal Tender, Debt, and the Institutional Settlement of Monetary Obligations in English Law
Under English law, legal tender is a fading procedural defence, not a debt-discharge mandate, as settlements hinge on electronic bank money
'Under the Bonnet' Book Launch - Slides
The slides from my ‘Thinking like an MMTer’ talk at Warren’s Book Launch event
Fairness on the Frontline
Outdated NHS pay rules are failing resident doctors
MMT and Post-Keynesian Economics: A New Paper on Ontological Differences
Our new paper explores the fundamental disagreements between Modern Monetary Theory and Post-Keynesian economics, arguing they stem from deep-seated ontological differences
The Phantom Trade Deficit
We abandoned the gold standard. So why do we still treate trade as though we haven’t?
Rethinking Russia's War Chest
Are we missing the real story of Russia’s war funding? The inconvenient truth about roubles and global power.
GDP Has It Backwards: Why Importing Stuff Isn't 'Shrinking'
The US economy shrank because it bought more things from abroad? That’s not shrinkage, that’s success measured incorrectly.
Misreading the Signs: Why High UK Borrowing Doesn't Mean Financial Crash
Debunking the crash narrative: Why fears over UK borrowing levels misunderstand the fundamentals
Capital Flight: A Misconception
Why Money Doesn’t ‘Leave’ an Economy, It Just Changes Hands