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Tag: Socialism

Blogs / Reblog

“Fiat Socialism” book launch

11th December 2022

An ocean with shores By Carlos García Hernández Originally published in Spanish in El Común on 2nd December 2022. The video at the end of this article was recorded at …

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Blogs / MMT Lens

Carlos García Hernández interviews Chris Williamson – The Resist Movement

11th December 2021

GIMMS welcomes Carlos García Hernández as he introduces his new interview with Chris Williamson. “As long as the issue of any matter fraught with peril is still in doubt, and …

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Blogs / Reblog

Baseline Communism

21st November 2021

By Carlos García Hernández (Originally published in Spanish in El Común) Is fiat socialism a communist proposal?  This question was presented to me on 26th September in the form of …

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Blogs / Reblog

A Chinese socialist consensus

5th September 20215th September 2021

By Carlos García Hernández (originally published in Spanish in El Común ) “(a) the monopolistic political power of the Chinese Communist Party (CCP) must not be challenged; (b) within the …

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Blogs / MMT Long Read

The Paradox of the Two Knights

6th December 20206th December 2020

By Carlos García Hernández Article originally published in Spanish by RedMMT here Marx argues that any economic system based on private ownership of the means of production is doomed to …

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Blogs / MMT Lens

Fiat Socialism

1st March 201927th February 2019

This week the GIMMS team welcomes Carlos Garciá Hernández to the MMT Lens blog.  Carlos, in this fascinating commentary, shows how Marx is unquestionably relevant to MMT. Beginning with an …

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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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Proposals for Reforms to the Debt Management Office’s Financing Remit

15th October 202515th October 2025

A Modern Monetary Theorist’s Response to ‘Weaknesses of MMT as a guide to development policy’, Aboobaker and Ugurlu (2023).

17th September 202519th September 2025

The Gower Intitiative for Modern Money Studies newsletter – January 2025

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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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