Money was transformed from a spontaneous market medium into an instrument of imperial finance T hat note in your wallet or the digital balance on your screen represents not real wealth, but an artificial, encrypted promise - a fungible financial claim sustaining modern economies through illusion. Once termed chirographis pecuniarium by the Scholastics, (a mere written acknowledgment of debt),  this promise has been perpetuated and expanded over time by central and commercia

Looks like the Bernanke review is starting to work

Bolivia’s Slide into Hydrocarbon and Dollar Crisis

2025 report calls for dynamic fiscal rules and a thriving municipal bond market to fuel local growth and turn Britain’s debt story around.

LPI presents for the second time at the British Conference of Undergraduate Research

Why Government Spending Won't Fix the UK Economy

An independent institution could optimise fiscal policy for the benefit of both the taxpayer and the investor

 If we learn to embrace new, robust economics, we’ll finally stop playing catch-up and remember what it feels like to lead by example

How Different Theories Shape Our World

Rachel Reeves must avoid becoming a target for opportunistic investors

There will be no mention of amputated knights or killer rabbits in this article, the economist's search for the holy grail is a bit more boring.

It's lodged behind the government’s budgetary sofa, and Farage is the only one looking for it

Expensive bills and complicated relationship dynamics inbound, readers, brace yourselves

Defence as Remedy for the Productivity Gap

There's a lot of debate surrounding inflation, so let's look at the causes

Inflation, Money Growth, and Second-Round Effects: How Effective has the Bank of England’s Monetary Policy Been?

Nicolas Padula & Hubert Kucharski write for the Financial Times

LPI presents research at its first academic conference

What the Post Office scandal teaches us about deficiencies in outsourcing, accountability, and state capacity in the UK.

With QE no longer on the block, the Bank has set its sights on an unconventional programme of tightening measures.