Sectoral Financial Balances for the UK as a % of GDP, smoothed over a year
The number of people in the UK without work that want it
Once intra-government transactions are eliminated, QE represents an exchange of gilts (liabilities of the National Loans Fund) for central bank reserves (liabilities of the Bank of England)
Listening to politicians talk about the UK energy crisis is like watching bald men fighting over a comb. None of them get to the root cause - a shortage of natural gas. When you take an MMT view, that’s where you start.
Why the UK tax and benefits infrastructure is ready to implement a full Job Guarantee for all.