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
Main Menu

Tag: government debt

Blogs / MMT Lens

A Short Comment on the UK Government’s Fiscal Policy in the Current Crisis

21st March 202022nd October 2026

By Phil Armstrong, University of Southampton Solent and York College. The UK government’s significant fiscal expansion – in line with its ‘do whatever is required’[1] mantra – is, of course, …

A Short Comment on the UK Government’s Fiscal Policy in the Current Crisis Read More
Blogs / Reblog

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

15th December 201922nd October 2026

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

Which way from here? That depends on where we want to go. Our choices now will determine our future.

8th December 201922nd October 2026

We are in the last few days of the election campaign. An election which, without doubt, will be a defining one for the future of this country and possibly even …

Which way from here? That depends on where we want to go. Our choices now will determine our future. 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 201922nd October 2026

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 Long Read

The Rise of the Right

20th November 201922nd October 2026

GIMMS is pleased to be able to present for our MMT Long Read two chapters of the book “The Rise of the Right – English nationalism and the transformation of …

The Rise of the Right 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 201922nd October 2026

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

We need to relearn the art of adequate spending for public purpose

12th October 201922nd October 2026

The GIMMS team have been away and had a very busy two weeks travelling between Brighton, London, Manchester, Leeds and Newport for a variety of events.  All in all, it …

We need to relearn the art of adequate spending for public purpose Read More
Blogs / MMT Lens

To transform the world, we need a revolution in our priorities and values

24th August 201922nd October 2026

“We all need to work together, because there are no jobs on a dead planet; there is no equity without rights to decent work and social protection, no social justice …

To transform the world, we need a revolution in our priorities and values Read More
Blogs / MMT Lens

The barbarians may be inside the gates, but we can still defeat them

27th July 201922nd October 2026

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 201922nd October 2026

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

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.

Front cover of the book "The Money Sham" by Steve Laughton. The cover's illustration shwos a burning sky and flooded land with politicians shouting that there's no money and that they are fiscally responsible. People and animals are drowning in the foreground

The Money Sham addresses head-on the whole UK political-economic narrative, from the time of Newton, through the last century and up to the present day. It debunks economic myths one by one, in language that is clear to understand.

Available from Waterstones, and online.

Publisher: 
Lola Books
ISBN: 
9783982879901

Latest Blogs

The Money Sham – a new book written especially for the UK

25th July 202622nd October 2026

Modern Monetary Theory and International Trade: Developments on the Base Case for Analysis

10th April 202622nd October 2026

MMT: Towards a new social contract?

21st March 202622nd October 2026

PRESS RELEASES

View All

The Money Sham – a new book written especially for the UK

25th July 202622nd October 2026

Inaugural UK Modern Monetary Theory Conference

25th January 202422nd October 2026

Gower Initiative for Modern Money Studies

@gowerinitiative ·
13h

It is with great regret and a heavy heart that we are writing to tell you that, unfortunately due to circumstances beyond our control, we have had to take the decision to dissolve the Gower Initiative for Modern Money Studies. (1 of 9)

Reply on Twitter 2119855585508368742 Retweet on Twitter 2119855585508368742 14 Like on Twitter 2119855585508368742 54 Twitter 2119855585508368742
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted

SHolland

@sarahollando552 ·
24 Dec

True for the US
True for the U.K.
#MMT @wbmosler
@GowerInitiative

Reply on Twitter 2003764807657468335 Retweet on Twitter 2003764807657468335 14 Like on Twitter 2003764807657468335 24 Twitter 2003764807657468335
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted

Tally Sticks

@widespreadhaze ·
26 Dec

@grenville_1 @DanielJHannan First government does not spend by printing money.

What makes us richer are the resources that are mobilised by both government and private spending.

At the global level all financial liabilities and all financial assets offset each other, cancelling to zero. What remains are

Reply on Twitter 2004629059410485525 Retweet on Twitter 2004629059410485525 8 Like on Twitter 2004629059410485525 26 Twitter 2004629059410485525
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted

Tally Sticks

@widespreadhaze ·
26 Dec

@DanielJHannan Good question. The answer is simply that our ancestors ran a commodity based currency system: a silver standard. However, for centuries they utilised systems to bypass the silver constraint, such as ‘tallies of pro’. The ancient Exchequer of Receipt was in effect a clearing house

Reply on Twitter 2004597787976257665 Retweet on Twitter 2004597787976257665 6 Like on Twitter 2004597787976257665 36 Twitter 2004597787976257665
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted

Tally Sticks

@widespreadhaze ·
18 Dec

The money comes from MPs votes. It’s called ‘Money from Parliament’.

You are an MP and should know this, it is your job after all.

Reply on Twitter 2001575235376808124 Retweet on Twitter 2001575235376808124 6 Like on Twitter 2001575235376808124 19 Twitter 2001575235376808124

Creative Commons Attribution-ShareAlike 4.0 International License

 

 

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Copyright © 2026 The Gower Initiative for Modern Money Studies.
Powered by WordPress and HitMag.