New Wayland

Six years in court to get the minimum wage isn’t acceptable.

Bonds have already been sold to hoover up the money.

The much vaunted IMF crisis in the UK was because the government violated an MMT golden rule: government must not borrow in a foreign currency

Everybody wants to see tax rises, except the British economy.

When using bookkeeping tools to do stock/flow analysis, it’s important to remember that we are just doing debits and credits and summing them up into stocks of debits and credits.

How can you be worried about interest rises when you’re issuing fixed interest rate securities?

How exactly does an FX transaction works in a floating currency rate environment?

Money is created in the UK by order of HM Treasury.

Running an external surplus requires exporters to export.

The Resources you are looking for are in the Unemployment Queue

How the central bank setting interest rates above zero forces banks to pay interest on deposits

Another neoliberal throws in the towel in the face of unassailable facts and logic

Vitamin D personal experiment - update after initial 8 week supplementation

The phrase ‘money printing’ is shorthand for ‘I don’t know what I’m talking about’

Demonstrating how the Job Guarantee precisely offsets the drain to savings

Why the UK tax and benefits infrastructure is ready to implement a full Job Guarantee for all.

Adding a Job Guarantee to the peer reviewed mainstream agent model

Algorithm changes required to the Baseline Model to support a Job Guarantee

Vitamin D and Covid 19 personal experiment

Modern money shows how wage values can drop below goods values

The MMT Balance Sheet View in a nutshell

The MMT analysis shows that inflation is controlled by a buffer stock.

Price competition breaks peer reviewed mainstream agent model

Hierarchical structure of banking as described by Modern Money Theory

Kudos to the Australian contingent getting this sketch on The Weekly.

An overview of the Modern Money Theory viewpoint

Why there is no need to raise taxes just because more government bonds have been issued

Overview of a UK Job Guarantee

Overview of a UK Job Guarantee

Why do those people who agitate for a fixed exchange rate between currencies also advocate for a floating rate between government bonds and the currency?

Updated Robin Hood Script for an Modern Money Theory World

From the archives: Post War Banking Policy - Reginald McKenna

Putting it all together

Things make a lot more sense when you realise other currency areas love your savings products — a lot

Employment is about buying the former and generating the latter.

Basic income is a desire to be paid twice - once self consuming your own hours and once consuming the output of somebody else’s hours

How the Job Guarantee solves the matching problem

Student debt is another set of debt that isn’t really a debt.

How to contact me.