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Blogs

Blogs / Reblog

We need to talk about Tommy…the NHS: charity, taxes and MMT

28th June 2020

In this post, originally published on Medium, Michael Berks discusses NHS funding. I’m sure you’ve all seen the story of 100-year old Captain Tom Moore, who, by walking 100 laps …

We need to talk about Tommy…the NHS: charity, taxes and MMT Read More
Blogs / MMT Lens

‘What if the Public (really) Understood How Money Works?’ Just think what we could achieve!

27th June 202027th June 2020

“There’s something invigorating about people freaking out about modern monetary theory (MMT). They treat MMT as akin to the Ark of the Covenant in the first Indiana Jones movie. They …

‘What if the Public (really) Understood How Money Works?’ Just think what we could achieve! Read More
Blogs / MMT Lens

To rephrase Mahatma Gandhi ‘The future will depend on what we do today.’

21st June 2020

Just a brief look at the news headlines in the last few weeks should be enough to set the alarm bells ringing. We are watching as the nation suffers a …

To rephrase Mahatma Gandhi ‘The future will depend on what we do today.’ Read More
Blogs / Reblog

Money is productive, and racist institutions create money

14th June 202014th June 2020

Originally published on the Just Money website as a contribution to  their Roundtable on Race and Money, this article sees David M. P. Freund, Associate Professor in the Department of …

Money is productive, and racist institutions create money Read More
Blogs / MMT Lens

Nothing is written in stone. There is an alternative. Let’s make this the era of people power; we can do this!

13th June 202013th June 2020

‘Our economic and social prospects in the coming decade depend on today’s policies. The recovery will not gain steam without more confidence which will not recover without global cooperation.  Governments …

Nothing is written in stone. There is an alternative. Let’s make this the era of people power; we can do this! Read More
Blogs / MMT Lens

To talk about the future is only useful if it leads to action now

7th June 20207th June 2020

‘To talk about the future is only useful if it leads to action now.’ E F Schumacher: Small is beautiful: Economics as if people mattered. The Bank of England in …

To talk about the future is only useful if it leads to action now Read More
Blogs / MMT Lens

If you clapped for the NHS and key workers, now it’s time to ACT.

30th May 2020

“Governments stand because people sit; if people stand, governments will sit!” – Mehmet Murat İldan (Turkish writer). Did you clap for the NHS and key workers? Did you cheer on …

If you clapped for the NHS and key workers, now it’s time to ACT. Read More
Blogs / Reblog

Congress and corporations join forces to crush American small business

24th May 2020

Today, GIMMS shares a guest post by Jeff Epstein on the Payroll Protection Program in the United States. Jeff is the host of the podcast, Activist #MMT (Twitter, Facebook, web), …

Congress and corporations join forces to crush American small business Read More
Blogs / MMT Lens

‘Two roads diverged in a yellow wood’. The question is which one will we take?

23rd May 2020

‘Two roads diverged in a yellow wood’ are the opening words of a poem by the celebrated poet Robert Frost. Whilst he was writing about his own personal life’s journey, …

‘Two roads diverged in a yellow wood’. The question is which one will we take? Read More
Blogs / MMT Lens

We don’t have to accept a corporate blueprint for a future world. The alternative is to forge a collective vision based on solid values and publicly provided foundations to enable human and planetary flourishing.

17th May 202017th May 2020

‘We hope this pandemic will teach us that in normal times we must build up our supplies, our infrastructure, and our institutions to be able to deal with crises. We …

We don’t have to accept a corporate blueprint for a future world. The alternative is to forge a collective vision based on solid values and publicly provided foundations to enable human and planetary flourishing. Read More

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Front cover of "Modern Monetary Theory - Key Insights, leading thinkers
Modern Monetary Theory: Key Insights, Leading Thinkers

Hardback ISBN:

978 1 80220 808 5

Ebook ISBN:

978 1 80220 809 2

More details via the Edward Elgar website.

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Patricia @patricianpino ·
2 Dec

A short🧵 on MMT & power: First and foremost MMT is a description & does not contain a prescribed pathway for working class liberation. That was not what MMT as a theory set out to do. However, even a description has political implications & here I set out a couple. >

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Steven Hail @stevenhailaus ·
2 Dec

This nonsense is a symptom of living within an essentially barter/full employment model, and having no understanding of monetary systems and balance sheet mechanics, let alone having a view of how people think which is in defiance of reality.

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Steven Hail @stevenhailaus ·
2 Dec

Oh, my God.

You are trying my patience beyond its limit

The institutional set-up in the UK clearly involves currency issuance

Read this, in the Journal of Economic Issues - The Self-Financing State: An Institutional Analysis of... the United Kingdom:

https://www.tandfonline.com/doi/pdf/10.1080/00213624.2025.2533726

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Warren B. Mosler @wbmosler ·
1 Dec

@WolfgangWa1642 @pontus_rendahl I 'invented'/developed what's popularized as MMT.
I'd never read Keynes (or any of the others). It all came from my capital markets experience.
Still does.
Keynes never recognized the source of the price level, or had the understanding that tax liabilities cause unemployment.

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Steven Hail @stevenhailaus ·
1 Dec

Incidentally, something similar happened a couple of years later, when I was preparing people for the Chartered Institute of Bankers qualifying exams. A banker said 'great course, but you know it doesn't work like that, don't you?'. Again, I later learned he (and MMT) was right.

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