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
“Real generosity towards the future lies in giving all to the present.” Albert Camus, Notebooks 1935-1942 The Debt Doomsters are back (did they ever go away?). Rishi Sunak is …
True consequences of government policy are far worse than a waste of taxpayers’ money Read More“Please spread the word. We need to end the ‘state is like household’ analogy. The main constraint on govt. spending is the productive capacity and resources in the economy and …
The Government, like the Pied Piper, marches the nation back to Dickensian Britain Read MoreThe good we secure for ourselves is precarious and uncertain until it is secured for all of us and incorporated into our common life. Jane Addams, US social reformer and …
Splendour of the Queen’s Speech brings no relief for hungry people Read More“Once we allow ourselves to be disobedient to the test of an accountant’s profit, we have begun to change our civilisation.” John Maynard Keynes This week, amidst continuing global …
Out-of-touch Chancellor’s Spring Statement fails to help those most in need Read MoreThis post documents a 2020 paper (updated in 2021) called An Accounting Model of the UK Exchequer, and my seven-part series of interviews with all three co-authors: Richard Tye, …
An Accounting Model of the UK Exchequer (the paper, and author interviews) Read MoreBy Neil Wilson. Reblogged from Wilson’s New Wayland website Modern Monetary Theory explains that monetarily sovereign governments (like the US, UK, and Japan) can issue money without first raising …
How the Government’s Super-Platinum Credit Card Works 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 MoreBy Stuart Medina Miltimore. Extract from a long interview with Warren Mosler held in Mallorca on October 14, 2021. Originally published by Red MMT in both English and Spanish Inflation …
Rendezvous in Mallorca: a conversation with Warren Mosler Read MoreYou cannot simply *ask* the rich to reduce their emissions and resource use. The only reasonable approach is to tax them to the point where they are no longer rich. …
COP26: Politicians and corporations greenwash ‘business as usual’ at climate change conference Read MoreYou have to ask yourself: if our economic system actively destroys the biosphere *and* fails to meet most people’s basic needs, then what is actually the point? Jason Hickel – …
Budget 2021 – Those with the least receive only crumbs Read More