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Tag: Economics

Blogs / Reblog

#RethinkMoney – The Greatest Lie Ever Told (Probably)…#TaxAndSpend

15th December 2019

GIMMS is delighted to have permission from blogger Duncan Poundcake to reblog his article which was originally posted here   So what have we learned from the General Election of …

#RethinkMoney – The Greatest Lie Ever Told (Probably)…#TaxAndSpend Read More
Blogs / MMT Lens

The time has come to talk of many things; of taxing and spending and an economic system that needs mending. 

1st December 2019

In the news, the Prime Minister tells millions of  WASPI women affected by the changes to the state pension age that he couldn’t promise to magic up the money for …

The time has come to talk of many things; of taxing and spending and an economic system that needs mending.  Read More
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

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

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

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

The week when money suddenly became available…

6th July 20197th July 2019

Last week GIMMS covered the Conservative Party leadership contest, which this week continues unabated and dominates the news. In a game of one-upmanship, each contender woos the voters with fancy …

The week when money suddenly became available… Read More
Blogs / MMT Lens

Economics as if people [and the planet] mattered

22nd June 201923rd June 2019

“…increasingly we live in a world filled with the equivalents of deadly garage-door openers, unnecessary items that offer us mild and insipid comfort at the price of a dangerous and …

Economics as if people [and the planet] mattered Read More
Blogs / Reblog

Support Scientists Who Work for the Public Good – Let’s work to build a culture that generates scientific knowledge and technology committed to democratic values

26th May 201926th May 2019

Andrés Bernal is a scholar, theorist, and activist who serves as an advisor for Rep. Alexandria Ocasio-Cortez and shaped the jobs guarantee of the Green New Deal. He is a …

Support Scientists Who Work for the Public Good – Let’s work to build a culture that generates scientific knowledge and technology committed to democratic values 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

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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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