Skip to content

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

  • Who We Are
    • Who we are
    • Objectives
    • Advisory Board
    • GIMMS Associates
    • Upcoming Events
    • Newsletters
    • Privacy Policy
    • Acknowledgements and Thanks
  • Basics
    • Introduction to MMT
    • MMT White Paper for the UK
    • FAQs
  • Job Guarantee
  • Fact Sheets
    • Origins of Modern Monetary Theory
    • A Brief History of Money
    • Sectoral Balances
    • Inflation
    • MMT and Public Policy
    • Macroeconomics
    • The Bank of England
    • Quantitative Easing
    • Gilts and Bonds
    • The Green New Deal
    • Universal Basic Income or a Job Guarantee?
    • Negative Interest Rates
  • Resources
    • Resources
    • MMT Course
    • Academic Papers
      • Working Papers
  • Blogs
    • MMT Lens
    • Reblog
    • MMT Long Read
  • Contact
  • Support Us
Main Menu

Tag: Austerity

Blogs / MMT Long Read

The Rise of the Right

20th November 201920th November 2019

GIMMS is pleased to be able to present for our MMT Long Read two chapters of the book “The Rise of the Right – English nationalism and the transformation of …

The Rise of the Right Read More
Blogs / MMT Lens

It’s not balanced budgets that will save us. It’s the power of the public purse and our human values.

16th November 201916th November 2019

Charles Dickens began his novel ‘Hard Times’ thus: “NOW, what I want is, Facts. […]. Facts alone are wanted in life. Plant nothing else and root out everything else. You …

It’s not balanced budgets that will save us. It’s the power of the public purse and our human values. Read More
Blogs / MMT Lens

The austerity prescription was not an experiment; it did not fail for the rich. Time for a rethink. Time for an economic revolution.

2nd November 20193rd November 2019

“Ultimately austerity has failed because it is unsupported by sound logic or data. It is an economic ideology. It stems from the belief that small government and free markets are …

The austerity prescription was not an experiment; it did not fail for the rich. Time for a rethink. Time for an economic revolution. Read More
Blogs / MMT Lens

Genuine Hope. Collective Action.

27th October 2019

“Man cannot discover new oceans unless he has the courage to lose sight of the shore.” Andre Gide In the week when protests have erupted in countries around the world …

Genuine Hope. Collective Action. Read More
Blogs / MMT Lens

The people are the change. Time to step out of our comfort zone and make it happen.

19th October 201919th October 2019

Oh, the irony of it. Boris Johnson makes law and order the central plank of the Queen’s Speech. After having spent 9 years telling us about how we could no …

The people are the change. Time to step out of our comfort zone and make it happen. Read More
Blogs / MMT Lens

We need to relearn the art of adequate spending for public purpose

12th October 201915th October 2019

The GIMMS team have been away and had a very busy two weeks travelling between Brighton, London, Manchester, Leeds and Newport for a variety of events.  All in all, it …

We need to relearn the art of adequate spending for public purpose Read More
Blogs / MMT Lens

Getting our priorities right. Our planet or our lives.

21st September 201921st September 2019

This week’s MMT Lens will necessarily be shorter as GIMMS is gearing up for a busy few weeks in Brighton, London, Manchester and Leeds not to mention Wales at the …

Getting our priorities right. Our planet or our lives. Read More
Blogs / MMT Lens

Young people and workers of the world unite! You have a right to a future.

14th September 201914th September 2019

Earlier this week in New York, Greta Thunberg, Naomi Klein and other environmental activists shared a platform in an event entitled ‘The Right to a Future’. In the face of …

Young people and workers of the world unite! You have a right to a future. Read More
Blogs / MMT Lens

There is no Planet ‘B’, so we’d better save this one (and how we do it)

7th September 201914th September 2019

While climate chaos continues to make the news, from hurricanes and fires in the Amazon to melting ice in Greenland, politicians, journalists and others are still killing us softly with …

There is no Planet ‘B’, so we’d better save this one (and how we do it) Read More
Blogs / MMT Lens

A Brexit free zone. GIMMS reports on the real news: austerity hurts (and what we can do about it)

31st August 201931st August 2019

“…under the Covenant, all States parties should avoid at all times taking decisions which might lead to the denial or infringement of economic, social and cultural rights. Besides being contrary …

A Brexit free zone. GIMMS reports on the real news: austerity hurts (and what we can do about it) Read More

Posts pagination

Previous 1 … 9 10 11 … 14 Next
Follow us
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • LinkedIn

Join our mailing list

If you would like GIMMS to let you know about news and events, please click to sign up here

Upcoming Events

Notice
There are no upcoming events.
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.

Latest Blogs

Proposals for Reforms to the Debt Management Office’s Financing Remit

15th October 202515th October 2025

A Modern Monetary Theorist’s Response to ‘Weaknesses of MMT as a guide to development policy’, Aboobaker and Ugurlu (2023).

17th September 202519th September 2025

The Gower Intitiative for Modern Money Studies newsletter – January 2025

17th January 202522nd January 2025

PRESS RELEASES

View All

Inaugural UK Modern Monetary Theory Conference

25th January 20245th March 2024

Modern Monetary Theory: Key Insights, Leading Thinkers

21st January 202321st January 2023

Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
Stephanie Kelton @stephaniekelton ·
12 Dec

@PatriciaNPino Zack needs to explain that gilts are a privilege not an economic imperative or a fundamental human right. Say he’s prepared to take the privilege away (or return to tap system) if bond holders abuse it, and that he will not be intimidated because he understands that the purpose…

Reply on Twitter 1999467003652800551 Retweet on Twitter 1999467003652800551 55 Like on Twitter 1999467003652800551 169 Twitter 1999467003652800551
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
Steven Hail @stevenhailaus ·
12 Dec

We have terrific students

McAlindon, R. 2025.  The Price of Profit - An Analysis of Pandemic-Era Inflation, the Cost-of-Living Crisis and Government Policy in the United Kingdom of Great Britain & Northern Ireland. MML Working Paper No. 9, December 2025

https://modernmoneylab.org.au/wp-content/uploads/2025/12/MML-Working-Paper-No-9-Dec-2025.pdf

Reply on Twitter 1999315743851315678 Retweet on Twitter 1999315743851315678 8 Like on Twitter 1999315743851315678 22 Twitter 1999315743851315678
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
Steven Hail @stevenhailaus ·
12 Dec

More foolish propaganda from self-satisfied people who think everything is fine the way it is and that they have nothing to learn.

MMT is no 'conspiracy theory' and does NOT say govts should 'print and spend as much money as they like'.

Only an idiot or knave would claim so.

Reply on Twitter 1999374747822596379 Retweet on Twitter 1999374747822596379 35 Like on Twitter 1999374747822596379 122 Twitter 1999374747822596379
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
Patricia @patricianpino ·
11 Dec

@spikedonline MMT isn't a conspiracy theory, nor does it say the government can print and spend as much money as they like. One expects more from journalists. Please interview an MMT economist.

Reply on Twitter 1999113911216349414 Retweet on Twitter 1999113911216349414 23 Like on Twitter 1999113911216349414 152 Twitter 1999113911216349414
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
Stephanie Kelton @stephaniekelton ·
9 Dec

“The Government can always create the money it needs to fund any project that it thinks is worthwhile. And the claim that it was cheaper for the private sector to fund these activities than for the State to do so was very obviously completely and utterly wrong.”

Reply on Twitter 1998363543218061604 Retweet on Twitter 1998363543218061604 260 Like on Twitter 1998363543218061604 612 Twitter 1998363543218061604
Load More...

Creative Commons Attribution-ShareAlike 4.0 International License

 

 

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Copyright © 2025 The Gower Initiative for Modern Money Studies.
Powered by WordPress and HitMag.