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Tag: Austerity

Blogs / MMT Lens

Volunteering plays a valuable role in society, but it should never be at the expense of a paid job.

15th June 2019

Last week was Volunteering Week. Social media was brimming with warm, human stories about the work people do as volunteers. We should, without doubt, celebrate the human desire to help …

Volunteering plays a valuable role in society, but it should never be at the expense of a paid job. Read More
Blogs / MMT Lens

It’s time to challenge the notion that government money is scarce and show that the real limits to public spending are the nation’s resources. The real skill is how we create and share them out.

8th June 20198th June 2019

It would be remiss of GIMMS not to mention in this week’s blog the visit of Donald Trump to the UK. The good news is that he retracted his statement …

It’s time to challenge the notion that government money is scarce and show that the real limits to public spending are the nation’s resources. The real skill is how we create and share them out. Read More
Blogs / MMT Lens

The health and well-being of our children is not determined by taxpayers’ money, but by the political will to make a difference

31st May 201931st May 2019

“Safety and security don’t just happen, they are the result of collective consensus and public investment. We owe our children, the most vulnerable citizens in our society, a life free …

The health and well-being of our children is not determined by taxpayers’ money, but by the political will to make a difference Read More
Blogs / MMT Lens

What makes a healthy economy and society and how can it best be delivered?

25th May 201926th May 2019

The public purpose is inherently a progressive agenda that strives to continually improve the material, social, physical, cultural and psychological well-being of all members of society.  It is inherently ‘aspirational’ …

What makes a healthy economy and society and how can it best be delivered? Read More
Blogs / MMT Lens

The question is not how we will pay for it but what sort of society do we want to create?

17th May 201919th May 2019

“Our human compassion binds us the one to the other – not in pity or patronizingly, but as human beings who have learnt how to turn our common suffering into …

The question is not how we will pay for it but what sort of society do we want to create? Read More
Blogs / MMT Lens

The underfunding of mental health services is a political choice. There is an alternative.

26th April 20195th May 2019

Over the last few years, the subject of mental health services has increasingly made the news headlines.  A quick search engine query says it all: ‘Damning report finds serious failings …

The underfunding of mental health services is a political choice. There is an alternative. Read More
Blogs / MMT Lens

Delivering ecological, social and economic change: Join us in Birmingham to find out more

20th April 20195th May 2019

“Have we fallen into a mesmerized state that makes us accept as inevitable that which is inferior or detrimental, as though having lost the will or the vision to demand …

Delivering ecological, social and economic change: Join us in Birmingham to find out more Read More
Blogs / MMT Lens

The fate of local government is hanging in the balance

13th April 20195th May 2019

“Surely by now there can be few here who still believe the purpose of government is to protect us from the destructive activities of corporations. At last most of us …

The fate of local government is hanging in the balance Read More
Blogs / Reblog

Is there a critical shortage of rich people?

7th April 201926th November 2022

Resounding cheers from audiences bring mighty puffs and glows to those politicians promising to fund their spending ambitions with cash recovered from tax-havens in distant islands. But how much could …

Is there a critical shortage of rich people? Read More
Blogs / Reblog

Pensions: Thatcher’s vision is coming to fruition

3rd March 20191st March 2020

Today 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 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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