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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

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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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Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
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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