The Gower Initiative for Modern Money Studies
An independent, non-profit organisation – part of a growing international movement challenging the economic orthodoxy of the last five decades
“We stand now where two roads diverge. But unlike the roads in Robert Frost’s familiar poem, they are not equally fair. The road we have long been traveling is deceptively …
Excuse us but we need to talk about the Green New Deal. Read MoreAnd in the news…… The IMF warns this week that the world has run out of ‘fiscal fire power’ to fight the next recession because the balance sheets of central …
The markets are not in charge, sovereign currency-issuing governments are Read MoreWhilst the Brexit train crash rumbles on and distracts the nation, the ongoing economic and social instability caused by cuts to public spending and the pursuit of ideologically driven policies …
A healthy economy depends on a healthy nation. Time to break the austerity myth. Time to unravel the truth. Read MoreKeeping with this week’s MMT Lens theme our regular Sunday reblog is by Edward Miller who is a senior campaigner for economic fairness at GETUP in Australia. In this detailed …
A Universal Job Guarantee: An End To The Neoliberal Employment Landscape? Read MoreCapitalism does not permit an even flow of economic resources. With this system, a small privileged few are rich beyond conscience, and almost all others are doomed to be poor …
Is a Universal Basic Income the answer to poverty? Read MoreThis week the GIMMS team is offering something a little different for its weekly MMT Lens. Do you know what a tally stick is? In David Graeber’s celebrated work ‘Debt: …
A History Lost – The English Tally Read MoreToday we are glad to reblog an article by Prue Plumridge, GIMMS events facilitator, which she wrote for Think Left in 2017. The original article can be seen here Society …
Pensions: Thatcher’s vision is coming to fruition Read MoreThis week the GIMMS team welcomes Carlos Garciá Hernández to the MMT Lens blog. Carlos, in this fascinating commentary, shows how Marx is unquestionably relevant to MMT. Beginning with an …
Fiat Socialism Read MoreWarren Mosler and Phil Armstrong Published online 24th February 2019 Full Article Abstract With floating exchange rate policies, central banks target policy interest rates – prices – rather than any …
A Discussion of Central Bank Operations and Interest Rate Policy Read MoreThis week thousands of children across the country took part in a walkout of classes to voice their anger at political inaction in tackling the ecological crisis which poses a …
Our house is on fire and our politicians still ask the question “How will we pay to put it out?” Read More