Legal Tender, Debt, and the Institutional Settlement of Monetary Obligations in English Law
Under English law, legal tender is a fading procedural defence, not a debt-discharge mandate, as settlements hinge on electronic bank money
Under English law, legal tender is a fading procedural defence, not a debt-discharge mandate, as settlements hinge on electronic bank money
The slides from my ‘Thinking like an MMTer’ talk at Warren’s Book Launch event
Our new paper explores the fundamental disagreements between Modern Monetary Theory and Post-Keynesian economics, arguing they stem from deep-seated ontological differences
Exploring the role of taxation in the UK’s monetary system, this article examines HMRC’s enforcement powers, and the physical limits of tax collection
Understanding deposits, reserves, and capital reveals some uncomfortable truths
The banking system throws up many surprises — one of them is how savers inadvertently trap borrowers
After 30 years, a long-planned milestone has arrived
George Bailey saves Bedford Falls—again! This blog reimagines the bank run with a deeper dive into the monetary system, as George uses his newfound financial savvy to outwit Mr. Potter, keep the town afloat, and still make it to his honeymoon.
Is the BBC following the recommendations from the Blastland and Dilnot report? Let’s use a bit of AI magic and find out
The programme schedule is now available on the conference website. This year’s conference has managed to gather the MMT founders and thinkers in one place, promising engaging talks and insightful panel discussions. By attending, you can deepen your understanding of Modern Monetary Theory, network with fellow MMTers, and gain valuable insights into current economic debates. With limited tickets remaining and time running out, secure your spot today. Visit the website to sign up now. ...