Basic income is a monetary illusion. Here’s how the trick is done and why it always fails.

A bit of multiplier maths so you can impress the neoliberals

Nothing shows up the bankruptcy of mainstream economic education more than its soundbites

Quotes from Henry Ford’s autobiography on the nature of wages

Vitamin D personal experiment - update after the winter

It’s budget day here in the UK, and traditionally that means commentators write what they would do instead. Here’s the MMT view

There is no justification for paying public funds on government securities. Welfare payments should be democratically targetted, not market purchasable.

Precisely how Parliamentary authority to spend ends up as a payment in somebody’s bank account, including the banking transactions that occur across the Government Banking Service to make that happen.

Six years in court to get the minimum wage isn’t acceptable. People need a guarantee of a living wage job. Here’s how Uber would fare againt a Job Guarantee.

Bonds have already been sold to hoover up the money. So selling more bonds will just hoover up the previous bonds. Why pretend otherwise?

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. How can we do both?

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. We are using the tools of journals and balance sheets to do economic analysis.

How can you be worried about interest rises when you’re issuing fixed interest rate securities? Isn’t that sort of the point of fixing the interest rate?

How exactly does an FX transaction works in a floating currency rate environment? Read on to find out

Money is created in the UK by order of HM Treasury. Here’s how it works

Running an external surplus requires exporters to export. The right to export more than you import has a price. What does that mean on the other side of the trade?

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. That can either be an buffer stock of unemployed people, or a buffer stock of employed people. Here we explain why an employed buffer stock, the Job Guarantee, is superior.