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Tag: Privatisation

Blogs / MMT Lens

Which way from here? That depends on where we want to go. Our choices now will determine our future.

8th December 2019

We are in the last few days of the election campaign. An election which, without doubt, will be a defining one for the future of this country and possibly even …

Which way from here? That depends on where we want to go. Our choices now will determine our future. Read More
Blogs / MMT Lens

The time has come to talk of many things; of taxing and spending and an economic system that needs mending. 

1st December 2019

In the news, the Prime Minister tells millions of  WASPI women affected by the changes to the state pension age that he couldn’t promise to magic up the money for …

The time has come to talk of many things; of taxing and spending and an economic system that needs mending.  Read More
Blogs / MMT Lens

It’s not balanced budgets that will save us. It’s the power of the public purse and our human values.

16th November 201916th November 2019

Charles Dickens began his novel ‘Hard Times’ thus: “NOW, what I want is, Facts. […]. Facts alone are wanted in life. Plant nothing else and root out everything else. You …

It’s not balanced budgets that will save us. It’s the power of the public purse and our human values. Read More
Blogs / MMT Lens

The austerity prescription was not an experiment; it did not fail for the rich. Time for a rethink. Time for an economic revolution.

2nd November 20193rd November 2019

“Ultimately austerity has failed because it is unsupported by sound logic or data. It is an economic ideology. It stems from the belief that small government and free markets are …

The austerity prescription was not an experiment; it did not fail for the rich. Time for a rethink. Time for an economic revolution. Read More
Blogs / MMT Lens

Young people and workers of the world unite! You have a right to a future.

14th September 201914th September 2019

Earlier this week in New York, Greta Thunberg, Naomi Klein and other environmental activists shared a platform in an event entitled ‘The Right to a Future’. In the face of …

Young people and workers of the world unite! You have a right to a future. Read More
Blogs / MMT Lens

There is no Planet ‘B’, so we’d better save this one (and how we do it)

7th September 201914th September 2019

While climate chaos continues to make the news, from hurricanes and fires in the Amazon to melting ice in Greenland, politicians, journalists and others are still killing us softly with …

There is no Planet ‘B’, so we’d better save this one (and how we do it) Read More
Blogs / MMT Lens

Change is coming. Keep calm and keep on PUSHing

17th August 2019

Each week, GIMMS aims to keep its readers abreast of the latest stories in the news and they form the basis of our weekly MMT Lens.  Each week we search …

Change is coming. Keep calm and keep on PUSHing Read More
Blogs / MMT Lens

Breaking free of neoliberal thinking to deliver progressive change

29th June 201930th June 2019

What a week we’ve had. Or is that a decade? After almost 10 years of cuts to public spending and their destructive consequences, the nation is weary. We are mired …

Breaking free of neoliberal thinking to deliver progressive change Read More
Blogs / MMT Lens

It’s time to challenge the notion that government money is scarce and show that the real limits to public spending are the nation’s resources. The real skill is how we create and share them out.

8th June 20198th June 2019

It would be remiss of GIMMS not to mention in this week’s blog the visit of Donald Trump to the UK. The good news is that he retracted his statement …

It’s time to challenge the notion that government money is scarce and show that the real limits to public spending are the nation’s resources. The real skill is how we create and share them out. Read More
Blogs / MMT Lens

The question is not how we will pay for it but what sort of society do we want to create?

17th May 201919th May 2019

“Our human compassion binds us the one to the other – not in pity or patronizingly, but as human beings who have learnt how to turn our common suffering into …

The question is not how we will pay for it but what sort of society do we want to create? Read More

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Front cover of "Modern Monetary Theory - Key Insights, leading thinkers
Modern Monetary Theory: Key Insights, Leading Thinkers

Hardback ISBN:

978 1 80220 808 5

Ebook ISBN:

978 1 80220 809 2

More details via the Edward Elgar website.

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Patricia @patricianpino ·
2 Dec

A short🧵 on MMT & power: First and foremost MMT is a description & does not contain a prescribed pathway for working class liberation. That was not what MMT as a theory set out to do. However, even a description has political implications & here I set out a couple. >

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Steven Hail @stevenhailaus ·
2 Dec

This nonsense is a symptom of living within an essentially barter/full employment model, and having no understanding of monetary systems and balance sheet mechanics, let alone having a view of how people think which is in defiance of reality.

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Steven Hail @stevenhailaus ·
2 Dec

Oh, my God.

You are trying my patience beyond its limit

The institutional set-up in the UK clearly involves currency issuance

Read this, in the Journal of Economic Issues - The Self-Financing State: An Institutional Analysis of... the United Kingdom:

https://www.tandfonline.com/doi/pdf/10.1080/00213624.2025.2533726

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Warren B. Mosler @wbmosler ·
1 Dec

@WolfgangWa1642 @pontus_rendahl I 'invented'/developed what's popularized as MMT.
I'd never read Keynes (or any of the others). It all came from my capital markets experience.
Still does.
Keynes never recognized the source of the price level, or had the understanding that tax liabilities cause unemployment.

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Steven Hail @stevenhailaus ·
1 Dec

Incidentally, something similar happened a couple of years later, when I was preparing people for the Chartered Institute of Bankers qualifying exams. A banker said 'great course, but you know it doesn't work like that, don't you?'. Again, I later learned he (and MMT) was right.

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