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Tag: deficit spending

Blogs / MMT Lens

The austerity prescription was not an experiment; it did not fail for the rich. Time for a rethink. Time for an economic revolution.

2nd November 20193rd November 2019

“Ultimately austerity has failed because it is unsupported by sound logic or data. It is an economic ideology. It stems from the belief that small government and free markets are …

The austerity prescription was not an experiment; it did not fail for the rich. Time for a rethink. Time for an economic revolution. Read More
Blogs / MMT Lens

The barbarians may be inside the gates, but we can still defeat them

27th July 201927th July 2019

The French have a saying “plus ça change, plus c’est la même chose.” With the events of the last few days, one might consider that nothing had changed; the Tories …

The barbarians may be inside the gates, but we can still defeat them Read More
Blogs / MMT Lens

Hands up anyone who wants to save the planet and live in a fairer, more equitable world!

20th July 2019

While the Conservatives endlessly laud their economic achievements from the parallel universe they inhabit, their fantasies are countered by the growing evidence that all is not well. The stories of …

Hands up anyone who wants to save the planet and live in a fairer, more equitable world! Read More
Blogs / MMT Lens

Labour Should Not Fall For The Tory-Led ‘Costing’ Trick – Here’s Why

14th July 201914th July 2019

As the GIMMS team was busy preparing for its social event in Abergavenny this weekend we didn’t have time to write our usual MMT Lens. However, we are delighted to …

Labour Should Not Fall For The Tory-Led ‘Costing’ Trick – Here’s Why Read More
Blogs / MMT Lens

What makes a healthy economy and society and how can it best be delivered?

25th May 201926th May 2019

The public purpose is inherently a progressive agenda that strives to continually improve the material, social, physical, cultural and psychological well-being of all members of society.  It is inherently ‘aspirational’ …

What makes a healthy economy and society and how can it best be delivered? Read More
Blogs / MMT Lens

An SOS to the world:  Biodiversity is under threat. We need to act now. Our survival depends upon it.

10th May 201910th May 2019

This weekend the GIMMS team are preparing for a series of events that we will be hosting in Birmingham and London so this week’s MMT Lens will be shorter than …

An SOS to the world:  Biodiversity is under threat. We need to act now. Our survival depends upon it. Read More
Blogs / Reblog

Is world-leading NHS healthcare an affordable proposition?

5th May 20195th May 2019

In this age of fiscal austerity the viability of the NHS as a publicly funded and delivered service has been constantly called into question. Those challenging the necessity for cuts …

Is world-leading NHS healthcare an affordable proposition? 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 / MMT Lens

The underfunding of mental health services is a political choice. There is an alternative.

26th April 20195th May 2019

Over the last few years, the subject of mental health services has increasingly made the news headlines.  A quick search engine query says it all: ‘Damning report finds serious failings …

The underfunding of mental health services is a political choice. There is an alternative. 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

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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.

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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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