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Tag: debt

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

We need to relearn the art of adequate spending for public purpose

12th October 201915th October 2019

The GIMMS team have been away and had a very busy two weeks travelling between Brighton, London, Manchester, Leeds and Newport for a variety of events.  All in all, it …

We need to relearn the art of adequate spending for public purpose Read More
Blogs / MMT Lens

Getting our priorities right. Our planet or our lives.

21st September 201921st September 2019

This week’s MMT Lens will necessarily be shorter as GIMMS is gearing up for a busy few weeks in Brighton, London, Manchester and Leeds not to mention Wales at the …

Getting our priorities right. Our planet or our lives. Read More
Blogs / MMT Lens

To transform the world, we need a revolution in our priorities and values

24th August 201924th August 2019

“We all need to work together, because there are no jobs on a dead planet; there is no equity without rights to decent work and social protection, no social justice …

To transform the world, we need a revolution in our priorities and values Read More
Blogs / MMT Lens

The Strange Case of the Missing Money

11th August 2019

“Economics lie at the very root of practical morality” Josephine Butler, English feminist, social reformer and campaigner against injustice. Boris Johnson has been distributing largesse. Well, not quite distributing it; …

The Strange Case of the Missing Money 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 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

Repeat after us…there is no social care funding gap and no tax burden on future generations

3rd May 20195th May 2019

Last week the House of Lords Committee on intergenerational fairness said that it was time to rebalance government policies to favour young people, or risk further shattering of the ‘social …

Repeat after us…there is no social care funding gap and no tax burden on future generations 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.

Latest Blogs

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The Gower Intitiative for Modern Money Studies newsletter – January 2025

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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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