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
GOWER INITIATIVE FOR MODERN MONEY STUDIES – WRITTEN EVIDENCE SND0019 – SUSTAINABILITY OF THE UK’S NATIONAL DEBT INQUIRY Introduction 1.1 The national debt has been a recurring topic …
Submission to the “Sustainability of the UK’s national debt” Inquiry Read MoreBy Carlos García Hernández Originally published in Spanish on 1/7/23. Definition of a State: a territory with fixed borders under a central authority with the capacity to …
A practical exercise for the reconstruction of the Left Read MoreBy 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 More“When people live in a fair, caring society, where everyone has equal access to social goods, they don’t have to spend their time worrying about how to cover their basic …
Collapsing services and neglected people in a disintegrating society that could be thriving Read More‘It needs to be understood how governments have facilitated inequality in the world. Billionaires don’t happen naturally. The rules by which a country’s economy operates is controlled by governments. If …
Money for big business and war but not for the public good Read More[The] method to the madness is the fact that we do need austerity to enforce a certain organisation of society which is a classist organisation based on wage labor and …
It is not the NHS that is failing us, it is the government Read More“What is a debt, anyway? A debt is just the perversion of a promise. It is a promise corrupted by both math and violence.” David Graeber, Debt: The First 5,000 …
Don’t let the black hole debt doomsters suck us in with their lies. Enough is enough. Read MoreThe ‘government as household’ myth is directly responsible for neoliberal governments getting away with treating the welfare of citizens (those they are meant to represent) as non-essential discretionary spending. As …
Party conferences dish up pie-based economics Read More“MMT is fully consistent with the notion that those who opposed government (deficit) spending for public purpose, might gladly embrace such spending if only directed towards subsidizing and ‘derisking’ the …
At the crossroads of change, leaders cling remorselessly to the catastrophe of the status quo. Read More“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 …
Johnson resigns, but the toxic market-driven ideology will remain, whoever his successor Read More