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
This week GIMMS extends a very warm welcome to Phil Armstrong, our guest MMT Lens author. GIMMS published his paper “Modern Monetary Theory and a Heterodox Alternative Paradigm” earlier this week …
Where does the Magic Money Tree Grow? Read MoreSocial care is in a state of collapse. Despite an additional £2bn of government funding, cash strapped local authorities have been unable to afford the fees charged by private care …
Social Care and how we can pay for it Read MoreIn the news this week….. “I’m scared to eat sometimes in case we run out of food.” “We had people coming to us who hadn’t eaten for several days,” “I …
Life at the sharp end of austerity Read MoreThe Chancellor of the Exchequer, Philip Hammond, delivered his Autumn Budget on Monday. Hammond took an upbeat tone, congratulating the public for its hard work and sacrifice which were now …
Put the Planet and the People First and the Fiscal Deficit Will Look After Itself Read MoreSeen through the MMT lens, the success of the Chancellor’s Budget would be measured against a set of criteria agreed through the democratic process in the interests of the nation’s …
Budget Day 2018: The Gower Initiative Rules for a Successful Public Purpose Budget Read MoreModern 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 …
MMT and Public Policy Read More