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Blogs / MMT Lens

The government’s spending promises have shown the need for austerity is a lie and a sham. It’s time to hold the government to account for its political decisions, not its fiscal prudence or otherwise.

15th March 202015th March 2020

In 2010 the newly elected Conservative government, using smoke and mirrors, turned what was a private debt crisis caused by global reckless greed and speculation by financial markets into a …

The government’s spending promises have shown the need for austerity is a lie and a sham. It’s time to hold the government to account for its political decisions, not its fiscal prudence or otherwise. Read More
Blogs / MMT Lens

After a decade of public sector cuts, it is time to learn the lesson that austerity has consequences for us all.

8th March 20208th March 2020

Fear is growing as the COVID-19 coronavirus spreads across the planet. As the media ramps up the anxiety with its daily reporting, people are crazily sweeping supermarket shelves of toilet …

After a decade of public sector cuts, it is time to learn the lesson that austerity has consequences for us all. Read More
Blogs / MMT Lens

There is an alternative so let’s keep PUSHing until something happens! Keep challenging the status quo and undoubtedly it will!

15th February 202015th February 2020

“Austerity is theft, the greatest transfer of wealth from poor to the rich since the enclosures.” ― Fuad Alakbarov, Exodus What links Spain and the UK?  Some might say tourism as millions …

There is an alternative so let’s keep PUSHing until something happens! Keep challenging the status quo and undoubtedly it will! Read More
Blogs / MMT Lens

Let’s have a conversation about what our values are and where we want to go. It’s time to recognise, in the words of Howard Zinn, that ‘We can’t be neutral on a moving train’.

9th February 2020

‘For a decent standard of living, we all need security and stability in our lives – secure housing, a reliable income and support when things get difficult. For too many …

Let’s have a conversation about what our values are and where we want to go. It’s time to recognise, in the words of Howard Zinn, that ‘We can’t be neutral on a moving train’. Read More
Blogs / MMT Lens

We need to break free from the notion that a country’s health is measured by a balanced budget. Value is not judged by money, but by human and planetary flourishing.

1st February 20201st February 2020

Five years ago, responding to a letter from one of his constituents about food banks, MP John Whittingdale wrote that he thought food banks ‘provided an incredibly valuable service beyond …

We need to break free from the notion that a country’s health is measured by a balanced budget. Value is not judged by money, but by human and planetary flourishing. Read More
Blogs / MMT Lens

It’s time to start walking the talk to solve the big issues of our time – from climate change to social inequality.

25th January 2020

‘We don’t think a sustainable society needs to be stagnant, boring, uniform or rigid. It need not be, and probably could not be centrally controlled or authoritarian. It could be …

It’s time to start walking the talk to solve the big issues of our time – from climate change to social inequality. Read More
Blogs / MMT Lens

Getting the narrative right. Careful stewardship of the economy is not about balancing the public accounts; it is about serving the interests of the nation and delivering public purpose.

20th January 202020th January 2020

A month on already since the general election and as well as the usual post-Christmas/January blues, the nation still finds itself in a state of deep uncertainty about its future. …

Getting the narrative right. Careful stewardship of the economy is not about balancing the public accounts; it is about serving the interests of the nation and delivering public purpose. Read More
Blogs / MMT Lens

This is no time for despondency or pulling the duvet over our heads. This is a time to regroup in solidarity to understand the problems and find solutions; our future depends on it. Let’s organise!

11th January 202011th January 2020

This time of the year is for making new year’s resolutions and this year was no exception. A local radio channel reported that a survey had revealed that the most …

This is no time for despondency or pulling the duvet over our heads. This is a time to regroup in solidarity to understand the problems and find solutions; our future depends on it. Let’s organise! Read More
Blogs / Reblog

#RethinkMoney – The Greatest Lie Ever Told (Probably)…#TaxAndSpend

15th December 2019

GIMMS is delighted to have permission from blogger Duncan Poundcake to reblog his article which was originally posted here   So what have we learned from the General Election of …

#RethinkMoney – The Greatest Lie Ever Told (Probably)…#TaxAndSpend Read More
Blogs / MMT Lens

This is not a moment to give up; it’s a moment to resist. A moment to educate and rebuild. After the darkness will come the light.

14th December 201914th December 2019

After a Tory car crash of an election, the British voting public have made their choice. GIMMS will not be analysing the whys and wherefores or laying blame in this …

This is not a moment to give up; it’s a moment to resist. A moment to educate and rebuild. After the darkness will come the light. 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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