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Tag: deficit

Blogs / MMT Lens

It’s time to challenge the notion that government money is scarce and show that the real limits to public spending are the nation’s resources. The real skill is how we create and share them out.

8th June 20198th June 2019

It would be remiss of GIMMS not to mention in this week’s blog the visit of Donald Trump to the UK. The good news is that he retracted his statement …

It’s time to challenge the notion that government money is scarce and show that the real limits to public spending are the nation’s resources. The real skill is how we create and share them out. 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 / 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 / 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
Blogs / MMT Lens

Fiat Socialism

1st March 201927th February 2019

This week the GIMMS team welcomes Carlos Garciá Hernández to the MMT Lens blog.  Carlos, in this fascinating commentary, shows how Marx is unquestionably relevant to MMT. Beginning with an …

Fiat Socialism Read More
Blogs / MMT Lens

“Austerity is theft, the greatest transfer of wealth from poor to the rich since the enclosures.”

4th January 20194th January 2019

Fuad Alakbarov (Azerbaijani-Scottish human rights activist, political commentator and humanitarian.)   In the week before Christmas, the Secretary of State for housing claimed that the sky rocketing levels of homelessness …

“Austerity is theft, the greatest transfer of wealth from poor to the rich since the enclosures.” Read More
Blogs / MMT Lens

Where does the Magic Money Tree Grow?

28th December 201829th December 2018

This week GIMMS extends a very warm welcome to Phil Armstrong, our guest MMT Lens author. GIMMS published his paper “Modern Monetary Theory and a Heterodox Alternative Paradigm” earlier this week …

Where does the Magic Money Tree Grow? Read More
Blogs / MMT Lens

Education…education…education

2nd December 20182nd December 2018

And in the news this week…   Education…education…education.   Last week the Public Accounts Committee published its findings on the sale of the student loan book.  The government was criticised …

Education…education…education 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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