A Tale of Two Nations

How two nations trade to the benefit of all — allegedly

19 Mar 2022 05:55 +0000 · 5 min · NeilW

The Russian Fiscal Toketa

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

7 Mar 2022 21:17 +0000 · 3 min · NeilW

The Unreasonable Ineffectiveness of Sanctions on Russia

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

28 Feb 2022 08:14 +0000 · 11 min · NeilW

The Job Guarantee - More Money, Less Tax

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.

16 Jan 2022 10:17 +0000 · 6 min · NeilW

How the Government's Super-Platinum Credit Card Works

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

16 Jan 2022 07:07 +0000 · 5 min · NeilW

The Art of the Impossible

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

13 Jan 2022 06:27 +0000 · 5 min · NeilW

The Interest/Price Spiral

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

28 Dec 2021 12:32 +0000 · 5 min · NeilW

Report From the Select Committee on Public Monies - 18 Aug 1857

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.

15 Nov 2021 09:28 +0000 · 17 min · NeilW

The Supply Process: MMT Version

An overview of the way MMT sees the government procurement process

10 Nov 2021 08:17 +0000 · 2 min · NeilW

The Coin's Deposit Problem

Minting The Coin is one thing; Depositing The Coin entirely another

16 Oct 2021 08:15 +0100 · 5 min · NeilW