Skip to content

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

  • Who We Are
    • Who we are
    • Objectives
    • Advisory Board
    • GIMMS Associates
    • Upcoming Events
    • Newsletters
    • Privacy Policy
    • Acknowledgements and Thanks
  • Basics
    • Introduction to MMT
    • MMT White Paper for the UK
    • FAQs
  • Job Guarantee
  • Fact Sheets
    • Origins of Modern Monetary Theory
    • A Brief History of Money
    • Sectoral Balances
    • Inflation
    • MMT and Public Policy
    • Macroeconomics
    • The Bank of England
    • Quantitative Easing
    • Gilts and Bonds
    • The Green New Deal
    • Universal Basic Income or a Job Guarantee?
    • Negative Interest Rates
  • Resources
    • Resources
    • MMT Course
    • Academic Papers
      • Working Papers
  • Blogs
    • MMT Lens
    • Reblog
    • MMT Long Read
  • Contact
  • Support Us
Main Menu

Tag: deficit spending

Academic Paper / Blogs / MMT Long Read

Modern Monetary Theory (MMT) White Paper – UK

24th October 20204th December 2020

The Gower Initiative for Modern Money Studies Published online 24th October 2020   Full Document   Introduction The purpose of this white paper is to outline the fundamentals of MMT …

Modern Monetary Theory (MMT) White Paper – UK Read More
Blogs / MMT Lens

What is the real burden that the government’s “hard choices” will pass on to future generations?

11th October 202011th October 2020

Instead of more political rhetoric and more of the same orthodox solutions dressed up as change, we need radical progressive action to pave the way for a kinder, more equable …

What is the real burden that the government’s “hard choices” will pass on to future generations? Read More
Blogs / MMT Lens

Time to worry less (or better not at all) about the national debt and challenge the government’s economic record instead.

27th September 202027th September 2020

The old world is dying, and the new world struggles to be born; now is the time of monsters. Antonio Gramsci In the week that the Chancellor Rishi Sunak announced …

Time to worry less (or better not at all) about the national debt and challenge the government’s economic record instead. Read More
Blogs / MMT Lens

What’s the choice?

13th September 2020

Do we accept there is no alternative to our rotten economic system or demand something different? Let’s re-examine our values and use our imaginations to redefine how we work and …

What’s the choice? Read More
Blogs / MMT Lens

Is the public purse empty?

6th September 2020

The government wants you to believe that the public purse is empty and needs replenishing to set the finances straight. It’s not and it doesn’t. Time to challenge the lie …

Is the public purse empty? Read More
Blogs / MMT Lens

Let’s not let the debt doomsters rule the roost!

23rd August 2020

Doing so will come at a huge human and planetary cost. In this week’s news the train crash economics of neoliberalism continues to thunder on. The government, still ensconced in …

Let’s not let the debt doomsters rule the roost! Read More
Blogs / Reblog

We pay for it by spending the money

22nd August 202026th November 2022

We would like to share an article by GIMMS associate Alan Hutchison.  This article was posted on his excellent website Matches in the Dark here. I use this as supporting …

We pay for it by spending the money Read More
Blogs / MMT Lens

To rephrase Mahatma Gandhi ‘The future will depend on what we do today.’

21st June 2020

Just a brief look at the news headlines in the last few weeks should be enough to set the alarm bells ringing. We are watching as the nation suffers a …

To rephrase Mahatma Gandhi ‘The future will depend on what we do today.’ Read More
Blogs / MMT Lens

To talk about the future is only useful if it leads to action now

7th June 20207th June 2020

‘To talk about the future is only useful if it leads to action now.’ E F Schumacher: Small is beautiful: Economics as if people mattered. The Bank of England in …

To talk about the future is only useful if it leads to action now Read More
Blogs / MMT Lens

Change is not a pleasant process, but we must not shy away from it. There is an alternative. It’s time to engage. It’s time to make the world anew.

10th May 2020

All labor that uplifts humanity has dignity and importance and should be undertaken with painstaking excellence. Martin Luther King, Jr.   While the scale of the real human tragedy of …

Change is not a pleasant process, but we must not shy away from it. There is an alternative. It’s time to engage. It’s time to make the world anew. Read More

Posts pagination

Previous 1 2 3 … 5 Next
Follow us
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • LinkedIn

Join our mailing list

If you would like GIMMS to let you know about news and events, please click to sign up here

Upcoming Events

Notice
There are no upcoming events.
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

Proposals for Reforms to the Debt Management Office’s Financing Remit

15th October 202515th October 2025

A Modern Monetary Theorist’s Response to ‘Weaknesses of MMT as a guide to development policy’, Aboobaker and Ugurlu (2023).

17th September 202519th September 2025

The Gower Intitiative for Modern Money Studies newsletter – January 2025

17th January 202522nd January 2025

PRESS RELEASES

View All

Inaugural UK Modern Monetary Theory Conference

25th January 20245th March 2024

Modern Monetary Theory: Key Insights, Leading Thinkers

21st January 202321st January 2023

Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
Stephanie Kelton @stephaniekelton ·
12 Dec

@PatriciaNPino Zack needs to explain that gilts are a privilege not an economic imperative or a fundamental human right. Say he’s prepared to take the privilege away (or return to tap system) if bond holders abuse it, and that he will not be intimidated because he understands that the purpose…

Reply on Twitter 1999467003652800551 Retweet on Twitter 1999467003652800551 55 Like on Twitter 1999467003652800551 169 Twitter 1999467003652800551
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
Steven Hail @stevenhailaus ·
12 Dec

We have terrific students

McAlindon, R. 2025.  The Price of Profit - An Analysis of Pandemic-Era Inflation, the Cost-of-Living Crisis and Government Policy in the United Kingdom of Great Britain & Northern Ireland. MML Working Paper No. 9, December 2025

https://modernmoneylab.org.au/wp-content/uploads/2025/12/MML-Working-Paper-No-9-Dec-2025.pdf

Reply on Twitter 1999315743851315678 Retweet on Twitter 1999315743851315678 8 Like on Twitter 1999315743851315678 22 Twitter 1999315743851315678
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
Steven Hail @stevenhailaus ·
12 Dec

More foolish propaganda from self-satisfied people who think everything is fine the way it is and that they have nothing to learn.

MMT is no 'conspiracy theory' and does NOT say govts should 'print and spend as much money as they like'.

Only an idiot or knave would claim so.

Reply on Twitter 1999374747822596379 Retweet on Twitter 1999374747822596379 35 Like on Twitter 1999374747822596379 122 Twitter 1999374747822596379
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
Patricia @patricianpino ·
11 Dec

@spikedonline MMT isn't a conspiracy theory, nor does it say the government can print and spend as much money as they like. One expects more from journalists. Please interview an MMT economist.

Reply on Twitter 1999113911216349414 Retweet on Twitter 1999113911216349414 23 Like on Twitter 1999113911216349414 152 Twitter 1999113911216349414
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
Stephanie Kelton @stephaniekelton ·
9 Dec

“The Government can always create the money it needs to fund any project that it thinks is worthwhile. And the claim that it was cheaper for the private sector to fund these activities than for the State to do so was very obviously completely and utterly wrong.”

Reply on Twitter 1998363543218061604 Retweet on Twitter 1998363543218061604 260 Like on Twitter 1998363543218061604 612 Twitter 1998363543218061604
Load More...

Creative Commons Attribution-ShareAlike 4.0 International License

 

 

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Copyright © 2025 The Gower Initiative for Modern Money Studies.
Powered by WordPress and HitMag.