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?

How two nations trade to the benefit of all — allegedly

Russia has easily countered the attempts at financial sanctions, resulting in some interesting outcomes that further confirm the view taken by Modern Monetary Theory

Electronic impulses on computers only stop tanks in Call of Duty. War is not a game, and stopping it will require rather more than attempts at financial alchemy

A Job Guarantee is a straightforward concept. It is the government’s offer of a job to everyone who wants one, at the living wage, working for the public good.

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

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

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

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.

An overview of the way MMT sees the government procurement process