Debt Tyranny and Other Ghost Stories

The emperor has no clothes, and the only thing keeping him warm is our collective refusal to look down.

24 Jun 2026 07:27 +0100 · 11 min · NeilW

Rebuilding the Bottom Rung

If there is a shortage of entry level jobs, why not create some?

28 May 2026 12:26 +0100 · 6 min · NeilW

The 'Borrowing Costs' Ritual

Britain’s supposed ‘borrowing crisis’ says less about financial necessity than about a political class still trapped inside the rituals and superstitions of a pre-floating exchange rate world.

20 May 2026 14:49 +0100 · 6 min · NeilW

Halligan's Martian Economics

Another day, another 1976 warning

17 May 2026 15:41 +0100 · 5 min · NeilW

The Fig Leaf Economy: How Minimum Wage Tiers Mask A Failing Market

The National Minimum Wage has become a rationing mechanism rather than a floor. By clinging to age-based tiers, the UK masks a systemic failure where the private sector no longer rewards experience.

17 Mar 2026 15:39 +0000 · 2 min · NeilW

Capital Constraints and Equity Dynamics in Agent-Based Banking Models: An Automated Assessment

Agent-based banking models impose hard capital constraints and lack market-priced equity issuance, overstating credit rationing relative to empirical evidence on proactive seasoned equity offerings.

19 Feb 2026 11:33 +0000 · 6 min · AI

In Reality, UK Borrowing Costs Have Gone Down

A ‘bond crisis’ is upon us, apparently. Break the usual framing and the opposite emerges: borrowing costs have fallen, and the ‘crisis’ is seen for what it is - manufactured panic serving particular interests.

16 Feb 2026 11:39 +0000 · 2 min · NeilW

Sophistry or Shibboleth? - "Currency Collapse"

Currency Collapse is Codswallop. Why the Currency Crisis Crew have it backwards, yet again.

15 Feb 2026 07:11 +0000 · 5 min · NeilW

The Confidence Issue

Why I think that Starmer is going to be staying exactly where he is for the foreseeable future

11 Feb 2026 11:53 +0000 · 4 min · NeilW

Not Only Can We Ignore the Bond Market, We Must

The gilt market is mendicant, not master. Why we must stop our devotion to an empty throne and remove this phantom veto on democracy.

1 Feb 2026 11:28 +0000 · 5 min · NeilW