The public debt markets add less value to national prosperity than their opportunity costs. A proper cost-benefit analysis would conclude that the market should be terminated.

The government borrows at a price of its choosing. Here’s how.

My favourite BBC article has been rewritten again and more inaccuracies added. Let’s go through them.

When the HM Government buys anything, all the money to pay for it is automatically borrowed from the Bank of England, interest free and without limit

Today we discuss the errors of thinking in the article: ‘Trussonomics’ has put the PM on a collision course with the Bank of England

The failure of its leaders to understand how sovereign currencies work is now starting to cripple the West

Listening to politicians talk about the UK energy crisis is like watching bald men fighting over a comb. None of them get to the root cause - a shortage of natural gas. When you take an MMT view, that’s where you start.

Sim CB is a new economic simulation game, with some interesting MMT outcomes

Since 2018 Russia has had an alternative payment clause in its Eurobond contracts that allows it to pay principal and interest in Roubles

How the new payment process for gas in Russia will work, including how it is settled at the Moscow Exchange, all of which leads to some interesting observations