price stability Archives - The Gower Initiative for Modern Money Studies

Journey to the heart of Argentina

16th May 202215th May 2022

By Carlos García Hernández Originally published in Spanish in El Común on 13th May 2022 Between May 2nd and 5th, 2022, I had the opportunity to join economist Warren …

Blogs / Reblog

When two original MMT developers get together to discuss their work

20th December 2018

In this post, Professor Bill Mitchell provides a reference guide to the basic principles of MMT as seen by himself and another of the original MMT developers, Warren Mosler. This …

MMT and Public Policy

Modern Monetary Theory can help us to think differently about public policy Modern Monetary Theory is not prescriptive. It describes how a post gold-standard, fiat money system operates and explains …

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Stuart Medina Miltim @smiltim ·

31 Oct

What's insane is to have an accounting balance as a target.

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Stephanie Kelton @stephaniekelton ·

31 Oct

The gilt market exists to give 🇬🇧 government influence over the term structure of interest rates. How much influence they choose to exert is ultimately a policy choice. Gilt-free spending is another option, if you’re prepared to eliminate the income subsidy by not issuing bonds.

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Sheridan Kates 🕊️ @sheridanvk ·

31 Oct

Honestly wild to see so much obsession over the gilt yields. We must stop pretending that the government is borrowing money when it spends, and that the Bank of England can't just step in and hold this rate to whatever it wants. Otherwise we will get nothing done in our economy.

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Prem Sikka @premnsikka ·

30 Oct

S&P downgrades Thames Water debt into ‘junk’.

Major shareholders have written off investment.

Credit rating is junk.

Water companies want price hikes of up to 84% to rescue them.

No bill rises, no bailout, let them crash. Nationalise at low cost.

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Tony Weston @tonywestonuk ·

29 Oct

Aaron is part of the problem.

The idea that the government has no money, and no power, has allowed this to happen. A worked example.

Road is covered in potholes.
People are unemployed.
There are materials to fix the road.

BUT, there is no money to fund it.

Why? ..\

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