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
“Never forget that the economy is a wholly owned subsidiary of nature”. Global Boiling – Kate Mackenzie and Tim Sahay Many of us have grown up with the story of …
Economic delusions cannot save us from the climate crisis and societal decay Read MoreMMT strips way the veil of neo-liberal ideology that mainstream macroeconomists use to restrict government spending. We learn that these constraints are purely voluntary and have no intrinsic status. This …
While opposing political parties play the fiscal credibility game, people get hurt. Read More“It is a trope of twentieth and twenty-first century-life that governments faced with financial shortfalls look first to the services they provide their citizens when making cuts. Instances like these …
Politicians’ fine-sounding pledges offer little more than a deceitful illusion when sound finances dictate the strategy Read More“As long as we labour under the delusion that financial choices are the same for a government as they are for households or firms, who don’t have a [central] bank …
Two worlds. Royalty shamelessly flaunts its wealth while the people struggle to live. Read More“When people live in a fair, caring society, where everyone has equal access to social goods, they don’t have to spend their time worrying about how to cover their basic …
Collapsing services and neglected people in a disintegrating society that could be thriving Read More‘It needs to be understood how governments have facilitated inequality in the world. Billionaires don’t happen naturally. The rules by which a country’s economy operates is controlled by governments. If …
Money for big business and war but not for the public good Read More[The] method to the madness is the fact that we do need austerity to enforce a certain organisation of society which is a classist organisation based on wage labor and …
It is not the NHS that is failing us, it is the government Read More‘The ultimate test of man’s conscience may be his willingness to sacrifice something today for future generations whose words of thanks will not be heard.’ Gaylord Nelson, founder of Earth …
“Scrooge” Hunt’s Autumn Statement leads us to the darkness of a new round of austerity Read More“What is a debt, anyway? A debt is just the perversion of a promise. It is a promise corrupted by both math and violence.” David Graeber, Debt: The First 5,000 …
Don’t let the black hole debt doomsters suck us in with their lies. Enough is enough. Read More“The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It …
Here we go for another round of Conservative musical chairs! But outside the circus, life remains bleak. Read More