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
What is the mantra of ‘growth, growth, growth’ – without any structural changes or interventions to reconfigure the basic operations of the economy – but a new variant of the …
‘Mini budget’ shows contempt for ordinary people as government banks on growth at any cost 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“Neoliberalism has had a free rein in the West since 1980 and has been increasingly untrammelled. We have also seen 40 years of wars to establish its hegemony and resource …
Candidates reject “handouts” as households face crippling hardship 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“An attitude to life which seeks fulfilment in the single-minded pursuit of wealth – in short, materialism – does not fit into this world, because it contains within itself no …
Growing discontent as the cost of living rise continues to bite 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 More“Please spread the word. We need to end the ‘state is like household’ analogy. The main constraint on govt. spending is the productive capacity and resources in the economy and …
The Government, like the Pied Piper, marches the nation back to Dickensian Britain Read MoreDebunking Bloomberg with Fadhel Kaboub Written by Stephanie Kelton Originally published on Stephanie Kelton’s “The Lens” on 29th April 2022. Last week, Bloomberg touted an opinion piece (written by one …
Reblog – No, MMT Didn’t Wreck Sri Lanka Read MoreThe good we secure for ourselves is precarious and uncertain until it is secured for all of us and incorporated into our common life. Jane Addams, US social reformer and …
Splendour of the Queen’s Speech brings no relief for hungry people Read More“When people live in a fair, caring society, where everyone has equal access to social goods, they don’t have to spend their time worrying about how to cover their basic …
Cabinet brainstorms quick fixes for the cost-of-living crisis to avoid the real solution Read More