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

2 Oct 2025 16:16 +0100 · 5 min · NeilW

'Under the Bonnet' Book Launch - Slides

The slides from my ‘Thinking like an MMTer’ talk at Warren’s Book Launch event

31 Aug 2025 06:54 +0100 · 1 min · NeilW

MMT and Post-Keynesian Economics: A New Paper on Ontological Differences

Our new paper explores the fundamental disagreements between Modern Monetary Theory and Post-Keynesian economics, arguing they stem from deep-seated ontological differences

8 Jul 2025 12:25 +0100 · 9 min · NeilW

The Limits of Taxation

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

1 Apr 2025 12:22 +0100 · 5 min · NeilW

Some Uncomfortable Truths About Banking

Understanding deposits, reserves, and capital reveals some uncomfortable truths

18 Mar 2025 08:54 +0000 · 2 min · NeilW

The Loan Lock Paradox

The banking system throws up many surprises — one of them is how savers inadvertently trap borrowers

11 Mar 2025 10:19 +0000 · 2 min · NeilW

Time for a Change

After 30 years, a long-planned milestone has arrived

2 Mar 2025 12:41 +0000 · 7 min · NeilW

It's a Wonderful Life

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.

23 Dec 2024 13:51 +0000 · 10 min · NeilW

Implications Matter

Is the BBC following the recommendations from the Blastland and Dilnot report? Let’s use a bit of AI magic and find out

13 Nov 2024 09:17 +0000 · 5 min · NeilW

UK MMT Conference 2024 - Preliminary Schedule Now Available

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. ...

21 May 2024 12:51 +0100 · 1 min · NeilW