How Much Is Government Borrowing? A Critique

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

4 Oct 2022 12:22 +0100 · 5 min · NeilW

All Government Spending Is Borrowed, Every Day

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

3 Oct 2022 07:07 +0100 · 3 min · NeilW

HM Treasury sets the price, not The Market

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

19 Sep 2022 14:52 +0100 · 4 min · NeilW

The Madness of Clowns

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

3 Sep 2022 05:53 +0100 · 5 min · NeilW

The UK Energy Crisis: an MMT Analysis

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.

18 Aug 2022 07:33 +0100 · 7 min · NeilW

Sim CB - An Economic Game

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

18 Jun 2022 06:55 +0100 · 2 min · NeilW

The Russian Rouble Get Out Clause

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

18 Apr 2022 10:37 +0100 · 2 min · NeilW

How Russian Gas Is Paid For

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

4 Apr 2022 08:54 +0100 · 8 min · NeilW

Rouble Rumble Continues

Journalists really should take some time to learn how correspondent banking works

31 Mar 2022 19:02 +0100 · 2 min · NeilW

Rouble Gas Payments are probably a False Flag

In all international transactions they consumer pays with the currency they have and the producer gets the currency they want to hold. So why the big fuss over Russia’s requirement to receive Roubles?

28 Mar 2022 22:10 +0100 · 4 min · NeilW