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

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

A set of reference taxation quotes from MMT economists

Basic income is a monetary illusion. Here’s how the trick is done and why it always fails.

A bit of multiplier maths so you can impress the neoliberals

Nothing shows up the bankruptcy of mainstream economic education more than its soundbites

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

Vitamin D personal experiment - update after the winter