Just getting by is not enough
“The rich run a global system that allows them to accumulate capital and pay the lowest possible price for labour. The freedom that results applies only to them. The many …
Just getting by is not enough Read MoreTag: Modern Monetary Theory
The deceitful image of money scarcity has no place in our society.
Society is indeed a contract. It is a partnership … not only between those who are living, but those who are dead and those who are to be born. Edmund …
The deceitful image of money scarcity has no place in our society. Read MoreWeimar Republic Hyperinflation through a Modern Monetary Theory Lens
Phil Armstrong and Warren Mosler Published online November 2020 Full Article Abstract The hyperinflation in Weimar Germany in 1922-23 has become the poster child of mainstream economists – and especially …
Weimar Republic Hyperinflation through a Modern Monetary Theory Lens Read MoreNegative Interest Rates
What are Negative Interest Rates? The Bank Rate[1] is the rate of interest that the Bank of England pays commercial banks on any money (reserves) they hold with the Bank. …
Negative Interest Rates Read MoreWe can afford to choose public purpose spending
Public duty and the public purpose? Or, self-serving interest? Politicians have a choice. We have a choice. The problems we face did not come down from the heavens. They are …
We can afford to choose public purpose spending Read MoreQuantitative Easing
What is Quantitative Easing? Quantitative Easing (or QE as it is more widely known) is a type of monetary policy, used by the Bank of England to purchase financial products, …
Quantitative Easing Read MoreEnding needless suffering
“When the MMT coin drops and you realise the suffering is gratuitous” Stephanie Kelton In this week’s blog, hunger is on the menu yet again. Gratuitous hunger and hardship. Gratuitous …
Ending needless suffering Read MoreChild hunger is an avoidable tragedy
If we cherish a desire for a fairer and more equitable society, then now is the time to ‘Persist until something happens!’ “We must make sure that the government do …
Child hunger is an avoidable tragedy Read MoreModern Monetary Theory (MMT) White Paper – UK
The Gower Initiative for Modern Money Studies Published online 24th October 2020 Full Document Introduction The purpose of this white paper is to outline the fundamentals of MMT …
Modern Monetary Theory (MMT) White Paper – UK Read MoreOur choices today will define our humanity and our priorities.
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