The US economy shrank because it bought more things from abroad? That’s not shrinkage, that’s success measured incorrectly.

Debunking the crash narrative: Why fears over UK borrowing levels misunderstand the fundamentals

Why Money Doesn’t ‘Leave’ an Economy, It Just Changes Hands

Trump’s tariffs may seem like a blunt economic tool, but their impact is deeply intertwined with currency movements and financial flows.

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

Sovereign wealth funds let states quietly wield currency power—disguised as prudent investment

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

Here’s an executive summary for a potential primer on ZIRP. I invite you to share any thoughts or suggestions on Discord if there are areas that need further detail or clarification

How a simple numerical concept exerts outsized influence over institutional operations and economic thought.

A critique of De Grauwe and Ji’s analysis of the UK reserve system, highlighting aspects of the UK’s fiscal framework they have overlooked

Trump’s tariffs are decried as protectionist madness, but the EU’s own tariffs escape scrutiny. As Brexit hits its five-year mark, it’s time to expose the double standards in trade policy—and ask who really pays the price.

In analysis, it’s helpful to simplify and focus on the core elements of a system. Today, we will identify the essential processes and structures required to create a functional bank, accompanied by diagrams to illustrate these key processes.

Reserve requirements are the latest economic fad, but do they actually solve anything? Let’s break down the myths and explains why the UK banking system is (slowly) returning to what worked for centuries.

If we’re going to have government debt, then it’s time to retire Thatcher-era monetarism and adopt a modern, cost-efficient approach to its management.

Understanding the Physical and Social Constraints of the Public Sector

Stop stalling: why bold public investment, not austerity, is the key to economic recovery

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.

Uncover the myths holding back our economy and explore a bold vision: jobs for all, zero interest rates, and a system designed to serve the many—not the few

Why is printing money reckless, but issuing bonds prudent? Both rely on government-created money, yet bonds are respected while monetary financing is demonised. Is it logic—or just tradition—driving this narrative?

The UK gilt market turmoil exposes the bond market as an outdated relic. Far from enforcing fiscal discipline, it serves no public purpose. It’s time to modernise public finance and end the myth of ‘bond vigilantes’.

New changes to inheritance tax deepen disparities, benefiting the wealthy and professional advisers while leaving vulnerable farmers and rural communities to bear the burden of rising land values

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

Labour’s 2024 election pledges means we’re going to get more Batley Grammar Schools

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.

GIMMS response to the The UK House of Lords Economic Affairs Committee inquiry

For every Printing Press, there is a Shredding Machine. You can’t have one without the other.

There is far more inflationary pressure from government spending that causes an increase in taxes than from deficit spending

We’ve had mostly floating exchange rates for fifty years. You’d think by now people would report using the correct currency