Constraining government spending as a policy goal is misguided, illogical and can lead to economic instability

Burnham attacks the poorest so he can save enough money to make war. He seems to be unaware that the UK Government issues the UK pound and you can't run out of something you issue yourself. It is ...

Much of the public commentary on economic matters, particularly pertaining to fiscal matters, is conditioned by incomplete information and the imposition of false constraints. The crisis narratives th...

The former colonial governor of the northern province, Alister Jack, who was given a peerage by Rishi Sunak as part of a back room deal. Jack rejected an earlier nomination by Boris Johnson in 2023…

Exclusive: The details behind the financial transactions that bankers have flagged up to the National Crime Agency

YouTube video by Peter Stefanovic

The Reform UK leader did not declare benefits including staff, security and housing by crypto-gambler George Cottrell, our investigation reveals

Differently.

Why the full funding rule is no longer fit for purpose and how a demand-led tap issuance model for gilts can improve how we conduct economic policy

This text was originally part of an article I was writing to explain the mechanics of government spending: an article in which I unpick the myth that UK government deficits are funded by ‘borrowing’ f...

State money is an idea, not a thing. Politicians will never run out of ideas. Whatever gets authorised by Parliament gets spent. The legal framework is set up to ensure that is the case, and it has n...

Modern Monetary Theory (MMT) shows the UK government doesn't borrow to fund its spending — the money was already issued by the central bank.

If I have to listen to too many more UK pundits on TV asking how the government will be able to borrow the currency of which it is the sole issuer, or why they have to worry about the interest rate th...

YouTube video by Peter Stefanovic

YouTube video by Richard J Murphy

Modern Monetary Theory (MMT) exposing the mechanics of how interest rates are set: moving past the dangerous myths