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Tag: Budget

Blogs / MMT Lens

The time has come to talk of many things; of taxing and spending and an economic system that needs mending. 

1st December 2019

In the news, the Prime Minister tells millions of  WASPI women affected by the changes to the state pension age that he couldn’t promise to magic up the money for …

The time has come to talk of many things; of taxing and spending and an economic system that needs mending.  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

Change is coming. Keep calm and keep on PUSHing

17th August 2019

Each week, GIMMS aims to keep its readers abreast of the latest stories in the news and they form the basis of our weekly MMT Lens.  Each week we search …

Change is coming. Keep calm and keep on PUSHing Read More
Blogs / MMT Lens

Green shoots and new horizons – there is an alternative.

3rd August 20193rd August 2019

As the new Prime Minister processes around the country like the emperor with no clothes, families are struggling, children are going hungry, people are sleeping on the streets and those …

Green shoots and new horizons – there is an alternative. Read More
Blogs / MMT Lens

Hands up anyone who wants to save the planet and live in a fairer, more equitable world!

20th July 2019

While the Conservatives endlessly laud their economic achievements from the parallel universe they inhabit, their fantasies are countered by the growing evidence that all is not well. The stories of …

Hands up anyone who wants to save the planet and live in a fairer, more equitable world! Read More
Blogs / MMT Lens

Breaking free of neoliberal thinking to deliver progressive change

29th June 201930th June 2019

What a week we’ve had. Or is that a decade? After almost 10 years of cuts to public spending and their destructive consequences, the nation is weary. We are mired …

Breaking free of neoliberal thinking to deliver progressive change Read More
Blogs / MMT Lens

The markets are not in charge, sovereign currency-issuing governments are

29th March 201929th March 2019

And 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 More
Blogs / MMT Lens

“Austerity is theft, the greatest transfer of wealth from poor to the rich since the enclosures.”

4th January 20194th January 2019

Fuad Alakbarov (Azerbaijani-Scottish human rights activist, political commentator and humanitarian.)   In the week before Christmas, the Secretary of State for housing claimed that the sky rocketing levels of homelessness …

“Austerity is theft, the greatest transfer of wealth from poor to the rich since the enclosures.” Read More
Blogs / MMT Lens

Social Care and how we can pay for it

14th December 201814th December 2018

Social care is in a state of collapse. Despite an additional £2bn of government funding, cash strapped local authorities have been unable to afford the fees charged by private care …

Social Care and how we can pay for it Read More
Blogs / MMT Lens

Put the Planet and the People First and the Fiscal Deficit Will Look After Itself

2nd November 201822nd November 2018

The Chancellor of the Exchequer, Philip Hammond, delivered his Autumn Budget on Monday. Hammond took an upbeat tone, congratulating the public for its hard work and sacrifice which were now …

Put the Planet and the People First and the Fiscal Deficit Will Look After Itself 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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