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: food bank

Blogs / MMT Lens

Splendour of the Queen’s Speech brings no relief for hungry people

14th May 2022

The good we secure for ourselves is precarious and uncertain until it is secured for all of us and incorporated into our common life. Jane Addams, US social reformer and …

Splendour of the Queen’s Speech brings no relief for hungry people Read More
Blogs / MMT Lens

The need is to fix the system, not just to provide ‘sticking plasters’

23rd January 2021

“The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too …

The need is to fix the system, not just to provide ‘sticking plasters’ Read More
Blogs / MMT Lens

Our choices today will define our humanity and our priorities.

20th October 2020

Overcoming poverty is not a task of charity, it is an act of justice. Like slavery and apartheid, poverty is not natural. It is manmade and can be overcome and …

Our choices today will define our humanity and our priorities. Read More
Blogs / MMT Lens

‘In these difficult days [we] must and shall choose the path of social justice … the path of faith, the path of hope, and the path of love toward our fellow man.’ Franklin D Roosevelt.

5th July 2020

From Boris Johnson’s earlier reincarnation as Churchill in the pre-Brexit era, he has now been reborn as FDR, or at least likes to think so. According to the Conservative website, …

‘In these difficult days [we] must and shall choose the path of social justice … the path of faith, the path of hope, and the path of love toward our fellow man.’ Franklin D Roosevelt. Read More
Blogs / MMT Lens

Green shoots and new horizons – there is an alternative.

3rd August 20193rd August 2019

As the new Prime Minister processes around the country like the emperor with no clothes, families are struggling, children are going hungry, people are sleeping on the streets and those …

Green shoots and new horizons – there is an alternative. 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
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.