Funding the Future
The end of growth
What is a theory?
My best of the year, in the National
Inequality is a political choice – and the UK keeps choosing it
If every country is in debt, where’s the money?
Why do we need a politics of care?
Breakfast, coffee and some paracetamol
How to prepare for a crash
Just work out what you want to do
Economic questions: the James Tobin question
New glossary entry: Spahn taxation
Trump’s war on Europe is all about racism
Making capital controls work
Where does the money lost in a crash go?
Nine people need to go to the Bank of England
Fallacy of composition
Paradox of thrift
The ship is sinking
This is not a way to run an economy
Where’s the plan?
Scotland should take control of its banks
People want democratic control of the City and money
Optimisim is in short supply
Giving in
Why don’t people engage with politics?
Hate, or peace?
Why are people are frightened?
Planning for a crash
Tax in modern monetary theory
What should have been done to prevent a crash?
12 questions about modern money
Light
Where are we?
The difference modern monetary theory makes to managing the modern money economy
Who is to blame for the crash to come?
The Bank of England is warning a financial crash is coming
Fighting Farage
The National: speaking truth to power
Cracking omlettes
Markets look very vulnerable right now
Is spend and tax just the same as tax and spend?
Why is the government sacking doctors?
Wes Streeting’s exercise in thought control
Cambridge, 28 February 2026
Economic questions: the Thomas Hobbes Question
What coalitions might work?
The Survival of the Shameless
Is it time to abolish the OBR?
We need deep thinking on delivery, and only get slogans
On Politics Joe
Why left vs right politics is over in the UK
Money’s too tight to mention
Coming publications
Descartes was wrong: economics is not a class war machine – it is a system of relationships
The Funding the Future event: 28 February 2026
Grace Blakeley: the next round
Is there something rotten in the state of the Treasury?
Why is the left so frightened of MMT?
Is my work aimed at preserving capitalism?
Why won’t so much of the left believe in the sovereign power to make money?
Is the new politics about to be born?
Rachel Reeves: time to go
Why the UK budget system is broken — and how to fix it
What do the Marxist opponents of MMT want?
MMT matters because it reveals power – and gives us back the right to choose
The best ever month
Questions to ask a left-wing critic of MMT
Why Grace Blakeley is wrong about MMT — and why that matters for the left
Why do we still have poverty?
MMT and the quantity theory of money
MMT and trade: looking beyond the money
Interlude
Reeves’ budget: built on fear?
Is MMT as dangerous as its opponents claim?
Feedback request on our PDF downloads
Rachel Reeves is a truly reactionary Chancellor
The Scottish spin
The UK is cursed: how finance destroyed our economy
Yesterday on Radio 2
The Treasury’s deeply misleading data on the impact of the Budget
The hypocrisy of bankers needs to come to an end
Phew: what a day
The Budget: No growth. No hope?
Why Rachel Reeves just failed the British public
The Budget: live commentary
The Budet in nutshell before Reeves has spoken
Today’s agenda
Modern Monetary Theory, mythology and a glossary update
Labour no longer answers any question this country has
The Alternative Budget 2025: The download version
The alternative budget we need: the video
The Alternative Budget 2025, Part 11: Conclusions
Labour’s sinking ship
The left is always playing on the opposition’s turf. No wonder it’s not winning.
Why is so much of the left economically incompetent?
Polanski is spooking his opponents
Economic questions: the Eugene Fama question
The Alternative Budget 2025, Part 10: tax reforms
Is Britain at the peak of a great financial wave?
Economic questions: the John Christensen question
We need capital controls
Hot money
The Alternative Budget 2025, Part 9: Essential economic reforms
The ultra-processed food crisis
Privilege and power
Britain’s oil, gas and finance curses
Socialism and anti-socialism
The Alternative Budget 2025, Part 8: Abolishing national insurance
A black swan moment
Why the government is nothing like a household
Does the US Congress know what socialism is?
Economic questions: the Thomas Paine question
Re-moralising economic life is not an optional extra
Extortion from the gullible and innocent
The Alternative Budget 2025, Part 7: The politics of care
Why did Britain stop making?
AI and the Budget
Covid: the Tories deserve all the criticism they’re getting
The Top 250 Blogpost List
Alternatives to neliberalism
The Alternative Budget 2025, Part 6: Addressing issues in housing
Rachel Reeves is unravelling
Ultra-processed food is not a dietary choice. It is a political economy problem.
Building economic narratives, one step at a time
Economic questions: the Stephanie Kelton question
The Alternative Budget 2025, Part 5: Reforming the UK’s Savings System
Is the political order collapsing?
My sincere apologies
Economic questions: (one of) the Steve Keen question(s)
The Alternative Budget 2025, Part 4: Renationalisation
Is the crash happening?
The crypto party’s over
Reform piles high the politics of hate
Hate fuelled politics
Does taxing the wealthy control inflation?
The Alternative Budget 2025, Part 3: Creating a new fiscal framework
Profit, purpose and society
How far can these callous idiots fall?
Not long ago Labour thought it could win in Scotland
Can you imagine?
Economic questions: the Adam Smith question
The Alternative Budget 2025, Part 2: Understanding tax and ‘borrowing’
Why do professionals hate change?
Economic questions: the Jesus of Nazareth question
The Alternative Budget 2025 – The Background
AI: How to use it as a campaigner
“We can afford whatever we can do”
The economic questions: the Amartya Sen question
Why Rachel Reeves is making a mess of things
Kings, knights and modern monetary theory
300,000
Economic questions: The David Graeber question
Young people are alienated by neoliberalism
The lull before the storm
The PDF Shop
Why Reeves’ November budget is already broken
Taking ideas for a walk
Growth has disappeared
How can Rachel Reeves deliver a Budget when the government is collapsing?
What does growth mean?
Is the BBC suffering a far-right attack?
It’s the way you tell them that counts
Tea, marshes and opinions
Is this what the endgame of neoliberal politics might look like?
Does the coup at the BBC matter?
We can’t afford the wealthy
The higher the FTSE rises, the further it will fall
I must go down to the sea again….
Democracy is being undermined, deliberately
Be careful what you ask for when it comes to the BBC
Did the 1970s really kill Keynes?
The media really does need to be objective about Trump and the BBC
Wny carry on tackling climate change?
Economic questions: The Nancy MacLean question
Birding
Unless the Tories and Labour agree on electotal reform they’re over
The crisis in the news
Energy privatisation is bust
The US right wing is devouring itself
New glossary entry: the Full Funding Rule
Economic question: the Tony Judt question
Laffer’s curve: the tax myth that promoted inequality
Roosting
Limiting horizons to expand them
Money, and the stories that are told to engineer control and privilege
Ne’er a truer word
The unaffordability of Trump
A reminder
Who is killing the coffee trade?
The oppression goes on
Where is Britain’s black hole?
MMT v fascism
Economic questions: the Paul Krugman question
Tax, Budgets and Scotland
Would you attend a Funding the Future event?
Nationalism: good or bad?
The economic fundamentals of a Scottish currency
On racism
The tipping point?
Mamdani’s win will sweep away the deadwood of the supposed neoliberal left-wing
Why is it that the rich always seem to win?
Rachel Reeves is panicking
Reeves’ rabbit in the headlights moment
Reflections
Reeves, and the folly of increasing basic income tax rates
The Union must change
If you didn’t know who you’d be, would you design this society?
Who owns companies, and why?
How can the economy survive when most wages are too low?
Economics questions: The Greg Mankiw question
Can the UK survive?
Pricing
Economic myths: Supply and Demand Curves
The white collar world is falling apart
Was Guy Fawkes as bad as history makes out?
There’s a £1 trillion crash waiting to happen
While the world watches the circus, the country is falling apart
Economic questions: the Gary Becker question
Economic myths: Diminishing Returns and Marginalism
Is royalty over?
Economic myths: perfect competition
The significance of Mr Mountbatten-Windsor
The growth delusion
In progress
The state of right wing thinking on the economy
The market is not the solution to our housing problems
Where does the money go when the government spends — and when it taxes?
Is Apple worth $4 trillion?
What Rachel Reeves is signalling in advance of her budget
Why are people who are capable of massive misjudgement allowed to run public companies?
Growth is not coming back — and nor should our democracy depend upon it
Economic myths: perfect information
A narrative for a Scottish currency
Larry Elliott on fiscal failure, technological anxiety and cautious optimism
Why would anyone want to be fleeced by Farage?
When will Labour admit we need PR?
Tax, redistribution, the relationship between the two, and why it matters
Racism is now being called out: calling out fascism must be next
Economic questions: the Thomas Piketty question
It’s time to end elite entitlement
AI won’t save us
The demands for independence are growing by the day
Why taxing idle wealth is the only tax rise Britain needs
Steve Keen on the housing crisis
When all that’s left is the rentier economy
Bonds and the bond markets
The Quantum Essays: You can try it if you like, but you’d far better notter
It is time we got on with the process of change
We need a Basic British Bank
Economcs questions: the John Rawls question
Nationalism – good or bad?
Starmer’s finally found what he’s good at
Cathedrals, cannons and Cromwell: lessons in power
Ireland says no to neoliberalism
Why the Tories deserve the fate they are suffering.
We are in a fight for democracy
A day on, Caerphilly is still giving me hope
Trump’s marching East
Economic myths: your opinion is sought
Ireland is moving against neoliberalism
Economic questions: The E F Schumacher question
Caerphilly brings hope
The moral case for tax
The great British energy rip-off is now killing our green energy hopes – and the chance of cheaper electricity
Why does the government tackle benefit fraud and ignore tax cheats? Could it be prejudice?
Economic questions: the Joseph Schumpeter question
Talking with Zach Polanski
Why 2% inflation?
The Scottish Currency Group conference
Fools, the ability to think, and crashes
Inflation: there’s nothing to say except the big question no one wants to ask
Andrew Windsor, the media, and the wrong question
What is the UK’s real debt crisis?
Prince Andrew: still too privileged?
There will be a lot of nonsense talked about government borrowing today
The working day
Bonds
As a government, Labour has not added an iota of value to the UK
Not bad
Why most tax rises now would be economic madness
English A-level? For migrants? Why?
What I mean by political economy
Solution-foscused thinking
Blurring boundaries
Government debt is private wealth, so why do people want to get rid of it?
Question Time, and more
The difficulty of building political economic narratives based on metaphors
The Chinese have worked it out: stablecoins are the privatisation of money
Why do I still do this at 67?
Rachel Reeves’ nasty prejudice is coming into play
Quantum(ish) Essay: What if Darwin was wrong? The case for the survival of the wisest
It’s time for democracy to topple those who would be king
When will the Trump bubble burst?
Bitcoin is falling again
Quantum economics from the perspective of quantum biology: Coupling and Uncoupling
What do you do when the target’s wrong?
Labour’s shame and Tory delusion: how mediocrity took power
People are consigning Labour and the Tories to history
Radio 5 this morning
Quantum economics from the perspective of quantum biology: The circuit of value and its pathologies
Not on the Budget bingo card
We could have avoided a crash
Britain’s housing market is a giant Ponzi scheme
What is the harm of trying?
The IMNF can’t join the dots between interest rates and inflation
Reeves really is doing her best to fail
Quantum economics from the perspective of quantum biology: Labour, value and reflection
The IMF is now saying it’s time to worry
Crypto or AI — which bubble bursts first?
Economic myths: perfect competition
Climate change is lapping at your door
Why are both the UK’s major political parties running out of talent?
More on impact
Farage, crypto and failure
Quantum economics from the perspective of quantum biology: the prologue
Neoliberalism is dying. What comes next?
Economic myths: homo economicus
Markets are shrugging their shoulders
Measuring impact
Why is Labour hanging our universities out to dry?
Colonisation, 2025 style
Protest is democracy in motion, not a crime
How big might the crash be?
Is the crash happening?
On birdwatching
Economic questions: the Hyman Minsky question
The Quantum Essays: The quantum difference between work and speculation
Where I still find hope for democracy in the UK
Can the global economy survive another shock?
Thiel and the Antichrist
Who will pay to rebuild Gaza?
The Quantum Essays: Where are the checks on entropy in the UK system now?
The inequality lie
Christianists
The Quantum Essays: Where are the checks on entropy in the US system now?
If Rachel Reeves must raise taxes, the basic rate of income tax is the worst place to start
Nigel Farage’s declaration of war on teachers is a war on compassion, empathy and kindness
Talking the language of courage
Water privatisation has failed: now it is time to move on
Japan is teaching us the lesson that without serious levels of inward migration we’re going to be in deep trouble
If Labour will pay more for drugs but not increase funds for the NHS, who do they expect to take the pain?
Is it now game over for the Tories?
Right wing equivalents to the fascists of the thirties are back on the march
What if the UK admitted it uses MMT and turned that into its superpower?
Strong, durable, and everlasting peace?
Looking for economic reality to set in
The Tory party is now proposing tyranny
The Quantum Essays: Democracy as negentropy: why fascism is the politics of death
Drunk by design: how cities are forcing young people to drink
Inequality is not falling
Has AI broken the job market?
Why we need to ask ‘Why do people feel the need to protest?’
Crypto’s murky core — and why the bubble must burst
What would Keynes, Galbraith and Beveridge say now?
Progress towards a police state
What happens when £47 billion disappears from Britain’s economy?
Tory plans to cut aid are racism in action
The neoliberal centre cannot hold
Are the Tories’ policies racist?
How long is it before promoting Scottish, Welsh and Irish independence is deemed to be a terrorist action?
The Quantum Essays: The meaning of life, negentropy, and the politics of staying alive
Reform is failing
Are Reform’s policies racist?
The government should stop wasting time on gesture politics and deliver evenhandedness instead
Britain is not in the doghouse
New migrants
Using ChatGPT and other AI prompts to support campaigning
Jews are divided by Netanyahu and the actions of Israel
Whatever became of the Affluent Society?
The Quantum Essays: Schrödinger, entropy, equilibrium, and the lessons for society
Are the Tories facing oblivion?
Getting the message out there
What is fascism?
The Courageous State
The aftermath of the Manchester attack
American troops in US cities
The US is now a fascist state
The Greens plan to abolish interest payments on central bank reserve accounts
Let’s be clear: Starmer is a racist too
Economic questions: The J K Galbraith question
Will it be women who fight tyranny?
The Telegraph is right: Reeves should not increase taxes on lower and average income earners
Are politicians all the same, as people would have it?
Fascism, Trump, Reform, and the silencing of dissent
Farage vs Workers