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
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 MorePhil 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 MoreWhat 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 MorePublic 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 MoreWhat 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 More“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 MoreIf 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 MoreThe 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 MoreOvercoming 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 MoreInstead of more political rhetoric and more of the same orthodox solutions dressed up as change, we need radical progressive action to pave the way for a kinder, more equable …
What is the real burden that the government’s “hard choices” will pass on to future generations? Read More