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
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 MoreIn 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 MoreLast 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 MoreResounding 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 MoreAnd in the news…… The IMF warns this week that the world has run out of ‘fiscal fire power’ to fight the next recession because the balance sheets of central …
The markets are not in charge, sovereign currency-issuing governments are Read MoreToday 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 MoreThis 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 MoreThe rate of inflation, the growth of GDP and the unemployment rate are the three indicators of how an economy is performing which are most widely discussed (sustainable models of …
Inflation Read MoreEllis Winningham is a retired US-based economist, Modern Monetary Theory advocate and campaigner who works with relentless passion through his website blogs and social media work to inform and raise …
The Bond Market Doesn’t Control Anything; the Currency-Issuing National Government Does Read MoreThis 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