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
Everybody wants to see tax rises, except the British economy. How can we do both?
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.
How can you be worried about interest rises when you’re issuing fixed interest rate securities? Isn’t that sort of the point of fixing the interest rate?
How exactly does an FX transaction works in a floating currency rate environment? Read on to find out
Money is created in the UK by order of HM Treasury. Here’s how it works
Running an external surplus requires exporters to export. The right to export more than you import has a price. What does that mean on the other side of the trade?
The Resources you are looking for are in the Unemployment Queue
How the central bank setting interest rates above zero forces banks to pay interest on deposits
Another neoliberal throws in the towel in the face of unassailable facts and logic