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
By Ellis Winningham Oftentimes, we advise people to limit the use of the word “money” when discussing MMT concepts. Although the word is incredibly common, the term is actually …
An overview of the UK monetary system Read MoreNeil Wilson First published 27th December 2022 here Eliminating the cost of the Asset Purchase Indemnity Summary In 2012, the Bank of England agreed to transfer gilt coupon …
Eliminating the cost of the Asset Purchase Indemnity Read MoreNeil Wilson explains how the economy can work for the benefit of the people; how it can be the servant of society rather than its master. Originally published on Neil’s …
Running a Modern Money Economy Read MoreAndrew Berkeley Richard Tye Neil Wilson First published 26th December 2020. This version published 21st February 2021 An Accounting Model of the UK Exchequer 2nd edition In this …
An Accounting Model of the UK Exchequer – 2nd edition Read MoreWhat is Quantitative Easing? Quantitative Easing (or QE as it is more widely known) is a type of monetary policy, used by the Bank of England to purchase financial products, …
Quantitative Easing Read MoreIn this post, Professor Bill Mitchell provides a reference guide to the basic principles of MMT as seen by himself and another of the original MMT developers, Warren Mosler. This …
When two original MMT developers get together to discuss their work Read MoreWe keep it in our purse, we hold it in our bank accounts, we hand over our debit or credit cards to pay for things. We might even keep it …
A Brief History of Money Read More