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