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: fiscal responsibility

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

Breaking free of neoliberal thinking to deliver progressive change

29th June 201930th June 2019

What a week we’ve had. Or is that a decade? After almost 10 years of cuts to public spending and their destructive consequences, the nation is weary. We are mired …

Breaking free of neoliberal thinking to deliver progressive change Read More
Blogs / MMT Lens

The markets are not in charge, sovereign currency-issuing governments are

29th March 201929th March 2019

And 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 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

“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

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
Blogs / MMT Lens

Put the Planet and the People First and the Fiscal Deficit Will Look After Itself

2nd November 201822nd November 2018

The Chancellor of the Exchequer, Philip Hammond, delivered his Autumn Budget on Monday. Hammond took an upbeat tone, congratulating the public for its hard work and sacrifice which were now …

Put the Planet and the People First and the Fiscal Deficit Will Look After Itself Read More

Posts pagination

Previous 1 … 8 9 10 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
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. >

Reply on Twitter 1995987359930753141 Retweet on Twitter 1995987359930753141 54 Like on Twitter 1995987359930753141 142 Twitter 1995987359930753141
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
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.

Reply on Twitter 1995759679197380769 Retweet on Twitter 1995759679197380769 15 Like on Twitter 1995759679197380769 62 Twitter 1995759679197380769
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
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

Reply on Twitter 1995768766987468970 Retweet on Twitter 1995768766987468970 30 Like on Twitter 1995768766987468970 106 Twitter 1995768766987468970
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
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.

Reply on Twitter 1995445067171954977 Retweet on Twitter 1995445067171954977 26 Like on Twitter 1995445067171954977 108 Twitter 1995445067171954977
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
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.

Reply on Twitter 1995421924009357809 Retweet on Twitter 1995421924009357809 5 Like on Twitter 1995421924009357809 35 Twitter 1995421924009357809
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.