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: Government spending

Blogs / Reblog

Running a Modern Money Economy

26th December 2021

Neil Wilson explains how the economy can work for the benefit of the people; how it can be the servant of society rather than its master. Originally published on Neil’s …

Running a Modern Money Economy Read More
Blogs / Reblog

Reply to Michael Roberts on Macro modelling MMT

14th November 2021

By Eduardo Garzón, economist. Originally published on 22 March 2019 in Spanish here. Translation by Carlos García Hernández A few days ago, the Marxist economist Michael Roberts, taking the opportunity …

Reply to Michael Roberts on Macro modelling MMT Read More
Blogs / Reblog

Happy 25th birthday, Modern Money Theory!

28th January 202128th January 2021

A guest post by Dirk Ehnts, originally published in German here   On Monday, January 29, 1996, Warren B. Mosler, Director of Economic Analysis at III Finance, wrote a message …

Happy 25th birthday, Modern Money Theory! Read More
Blogs / MMT Lens

Nothing is written in stone. There is an alternative. Let’s make this the era of people power; we can do this!

13th June 202013th June 2020

‘Our economic and social prospects in the coming decade depend on today’s policies. The recovery will not gain steam without more confidence which will not recover without global cooperation.  Governments …

Nothing is written in stone. There is an alternative. Let’s make this the era of people power; we can do this! Read More
Blogs / MMT Lens

Governments should be judged by the way they treat their elders not whether they balanced their accounts

25th January 201918th January 2019

‘How we treat our old people is a crucial test of our national quality. A nation that lacks gratitude to those who have honestly worked for her in the past …

Governments should be judged by the way they treat their elders not whether they balanced their accounts Read More
Blogs / MMT Lens

Where does the Magic Money Tree Grow?

28th December 201829th December 2018

This 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
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
Macro n Cheese Podcast #MMT @cheesemacro ·
24h

NEW EPISODE! ✊
Historian @vijayprashad talks with @sdgrumbine about Antonio Gramsci, cultural hegemony, and why working-class movements can get derailed by counterrevolution. Find out what real change requires beyond elections.

Reply on Twitter 1999826589077364794 Retweet on Twitter 1999826589077364794 29 Like on Twitter 1999826589077364794 41 Twitter 1999826589077364794
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
Stephanie Kelton @stephaniekelton ·
12 Dec

@PatriciaNPino Zack needs to explain that gilts are a privilege not an economic imperative or a fundamental human right. Say he’s prepared to take the privilege away (or return to tap system) if bond holders abuse it, and that he will not be intimidated because he understands that the purpose…

Reply on Twitter 1999467003652800551 Retweet on Twitter 1999467003652800551 63 Like on Twitter 1999467003652800551 187 Twitter 1999467003652800551
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
Steven Hail @stevenhailaus ·
12 Dec

We have terrific students

McAlindon, R. 2025.  The Price of Profit - An Analysis of Pandemic-Era Inflation, the Cost-of-Living Crisis and Government Policy in the United Kingdom of Great Britain & Northern Ireland. MML Working Paper No. 9, December 2025

https://modernmoneylab.org.au/wp-content/uploads/2025/12/MML-Working-Paper-No-9-Dec-2025.pdf

Reply on Twitter 1999315743851315678 Retweet on Twitter 1999315743851315678 8 Like on Twitter 1999315743851315678 22 Twitter 1999315743851315678
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
Steven Hail @stevenhailaus ·
12 Dec

More foolish propaganda from self-satisfied people who think everything is fine the way it is and that they have nothing to learn.

MMT is no 'conspiracy theory' and does NOT say govts should 'print and spend as much money as they like'.

Only an idiot or knave would claim so.

Reply on Twitter 1999374747822596379 Retweet on Twitter 1999374747822596379 37 Like on Twitter 1999374747822596379 135 Twitter 1999374747822596379
Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
Patricia @patricianpino ·
11 Dec

@spikedonline MMT isn't a conspiracy theory, nor does it say the government can print and spend as much money as they like. One expects more from journalists. Please interview an MMT economist.

Reply on Twitter 1999113911216349414 Retweet on Twitter 1999113911216349414 24 Like on Twitter 1999113911216349414 158 Twitter 1999113911216349414
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.