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
The ‘government as household’ myth is directly responsible for neoliberal governments getting away with treating the welfare of citizens (those they are meant to represent) as non-essential discretionary spending. As …
Party conferences dish up pie-based economics Read More“MMT is fully consistent with the notion that those who opposed government (deficit) spending for public purpose, might gladly embrace such spending if only directed towards subsidizing and ‘derisking’ the …
At the crossroads of change, leaders cling remorselessly to the catastrophe of the status quo. Read More“Have we fallen into a mesmerized state that makes us accept as inevitable that which is inferior or detrimental, as though having lost the will or the vision to demand …
Johnson resigns, but the toxic market-driven ideology will remain, whoever his successor Read More“Real generosity towards the future lies in giving all to the present.” Albert Camus, Notebooks 1935-1942 The Debt Doomsters are back (did they ever go away?). Rishi Sunak is …
True consequences of government policy are far worse than a waste of taxpayers’ money Read MoreNeil 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“Last time, most of us fell for it. This time, it is critical that we do not. Because, in reality, the crisis we just experienced was waking from a dream, …
Fairy tales and the vocabulary of scarcity. Protecting the wealthy and hurting the rest Read More“We can pretend that extending the status quo into the future, unchanged, is one of the options available to us. But that is a fantasy. Change is coming one way …
Neither Green Savings Bonds nor your pension money are needed for the government to invest in an environmentally sustainable recovery Read More“The same rule of self-destructive financial calculation governs every walk of life. We destroy the beauty of the countryside because the unappropriated splendors of nature have no economic value. We …
Recovery Bonds – The very opposite of what is needed. Read More“Do you truly believe that life is fair, Senor de la Vega? -No, maestro, but I plan to do everything in my power to make it so.” ― Isabel Allende, Zorro There …
Equity via democracy, not philanthropy Read More“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 More