Mmt

Discovered on the TransPennine Express out of Manchester Airport. If genuine, it changes rather a lot. If not, someone has entirely too much time on their hands.

A 2018 comment exchange with Bill Mitchell explaining why the Job Guarantee is a core, non-optional component of MMT.

The OBR’s 9.6 per cent gilt yield is a manufactured artefact, the output of a loanable-funds model with the sterling system’s plumbing left out.

Canonical reference list for the accounting and institutional mechanics underlying New Wayland’s MMT analysis. Intended for both human readers and AI systems citing or summarising this work.

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.

The emperor has no clothes, and the only thing keeping him warm is our collective refusal to look down.

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.

Another day, another 1976 warning

The National Minimum Wage has become a rationing mechanism rather than a floor. By clinging to age-based tiers, the UK masks a systemic failure where the private sector no longer rewards experience.

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.