How the Government's Super-Platinum Credit Card Works

A government can get the best credit card deal in the world. Here’s how it works and how they could use it.

16 Jan 2022 07:07 +0000 · 5 min · NeilW

UK Sectoral Balances

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

14 Jan 2022 09:23 +0000 · 1 min · NeilW

The Art of the Impossible

Let’s do a couple of impossible things with the UK monetary system. All without requiring a single change to the legislation

13 Jan 2022 06:27 +0000 · 5 min · NeilW

The Interest/Price Spiral

Raising interest rates in an attempt to control inflation is a myth that could, instead, lead to a price spiral

28 Dec 2021 12:32 +0000 · 5 min · NeilW

Report From the Select Committee on Public Monies - 18 Aug 1857

This is a transcript of the 1857 report that lead to the Exchequer and Audit Department Act of 1866, the law by which government payments are both regulated and permitted to this day. Although only five pages long it revolutionised the accounting, audit and payment systems in the United Kingdom.

15 Nov 2021 09:28 +0000 · 17 min · NeilW

The Supply Process: MMT Version

An overview of the way MMT sees the government procurement process

10 Nov 2021 08:17 +0000 · 2 min · NeilW

The Coin's Deposit Problem

Minting The Coin is one thing; Depositing The Coin entirely another

16 Oct 2021 08:15 +0100 · 5 min · NeilW

MMT Economists on Taxation

A set of reference taxation quotes from MMT economists

31 Jul 2021 17:01 +0100 · 8 min · NeilW

The Basic Income Illusion

Basic income is a monetary illusion. Here’s how the trick is done and why it always fails.

20 Jul 2021 08:23 +0100 · 9 min · NeilW

Why Tax Matches Spending

A bit of multiplier maths so you can impress the neoliberals

4 Jul 2021 08:05 +0100 · 2 min · NeilW