A breakdown of Wolfgang Munchau’s piece on Burnhamomics, exposing the analytical errors that follow inevitably from viewing sterling monetary operations through a mainstream europhile lens.
Britain’s supposed ‘borrowing crisis’ says less about financial necessity than about a political class still trapped inside the rituals and superstitions of a pre-floating exchange rate world.
A ‘bond crisis’ is upon us, apparently. Break the usual framing and the opposite emerges: borrowing costs have fallen, and the ‘crisis’ is seen for what it is - manufactured panic serving particular interests.
Currency Collapse is Codswallop. Why the Currency Crisis Crew have it backwards, yet again.
The gilt market is mendicant, not master. Why we must stop our devotion to an empty throne and remove this phantom veto on democracy.
Why sovereign democracies must dismantle the mythology of ‘bond vigilantes’ to restore political agency
Our new paper explores the fundamental disagreements between Modern Monetary Theory and Post-Keynesian economics, arguing they stem from deep-seated ontological differences
Is the BBC following the recommendations from the Blastland and Dilnot report? Let’s use a bit of AI magic and find out
Two titans of UK politics face off over government interest payments, while completely missing the obvious answer: stop giving rich people free money
Bill Mitchell explains how MMT sees the effect of Interest Rate changes on the economy