Ford on Wages

Quotes from Henry Ford’s autobiography on the nature of wages

8 May 2021 13:06 +0100 · 2 min · NeilW

Onward to 100 Nmol/L: Spring Update

Vitamin D personal experiment - update after the winter

8 May 2021 03:48 +0100 · 2 min · NeilW

Budget Day 2021

It’s budget day here in the UK, and traditionally that means commentators write what they would do instead. Here’s the MMT view

3 Mar 2021 05:41 +0000 · 6 min · NeilW

The Only Bonds We Need Are Granny Bonds

There is no justification for paying public funds on government securities. Welfare payments should be democratically targetted, not market purchasable.

23 Feb 2021 17:51 +0000 · 7 min · NeilW

UK Government Spending - The Gory Details

Precisely how Parliamentary authority to spend ends up as a payment in somebody’s bank account, including the banking transactions that occur across the Government Banking Service to make that happen.

21 Feb 2021 09:57 +0000 · 3 min · NeilW

Uber Under a Job Guarantee

Six years in court to get the minimum wage isn’t acceptable. People need a guarantee of a living wage job. Here’s how Uber would fare againt a Job Guarantee.

20 Feb 2021 08:31 +0000 · 6 min · NeilW

Starmer's Bonds Won't Raise a Single Extra Penny

Bonds have already been sold to hoover up the money. So selling more bonds will just hoover up the previous bonds. Why pretend otherwise?

18 Feb 2021 13:30 +0000 · 2 min · NeilW

UK Borrowed Foreign Currency from the IMF in 1976

The much vaunted IMF crisis in the UK was because the government violated an MMT golden rule: government must not borrow in a foreign currency

29 Jan 2021 09:50 +0000 · 2 min · NeilW

Planning for Tax Rises

Everybody wants to see tax rises, except the British economy. How can we do both?

28 Jan 2021 06:58 +0000 · 2 min · NeilW

It's Just Debits and Credits

When using bookkeeping tools to do stock/flow analysis, it’s important to remember that we are just doing debits and credits and summing them up into stocks of debits and credits. We are using the tools of journals and balance sheets to do economic analysis.

2 Jan 2021 14:00 +0000 · 7 min · NeilW