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
“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 Moreby Carlos García Hernández (originally published in Spanish in El Común) I was prompted to write this article by yet another sad fatality, the death of British economist John …
Modern Money Consensus Read MoreYou cannot carry out fundamental change without a certain amount of madness. In this case, it comes from nonconformity, the courage to turn your back on the old formulas, the …
Is the forecast growth in consumer spending actually good news? Read More“OK…SO WHERE DOES THE FUNDING COME FROM?” It depends on what we are talking about. If we are talking about universal health care, a Job Guarantee, infrastructure work, etc., the …
Have we had enough of market-led dogma yet? Read MoreMMT is a description of the monetary system. It is not something you can “switch to”, “implement”, or “use”. It merely describes what already is. The description, once understood, implies …
Money for bombs, but not for people? Read MoreThe difficulty lies not so much in developing new ideas but escaping from old ones. John Maynard Keynes This week we begin our MMT Lens with a subject which, …
The “Market” is no solution for the NHS – or for any public service. 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 …
Build Back Better? Better for whom? Read More“The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too …
The need is to fix the system, not just to provide ‘sticking plasters’ Read More‘We live in capitalism. Its power seems inescapable. So did the divine right of kings.’ Ursula K Le Guin The year 2020 will be not be remembered with any great …
The Covid-19 pandemic shows the need for change. For a real ‘Reset’. 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