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
As the GIMMS team was busy preparing for its social event in Abergavenny this weekend we didn’t have time to write our usual MMT Lens. However, we are delighted to …
Labour Should Not Fall For The Tory-Led ‘Costing’ Trick – Here’s Why Read More“We stand now where two roads diverge. But unlike the roads in Robert Frost’s familiar poem, they are not equally fair. The road we have long been traveling is deceptively …
Excuse us but we need to talk about the Green New Deal. Read MoreAnd in the news…… The IMF warns this week that the world has run out of ‘fiscal fire power’ to fight the next recession because the balance sheets of central …
The markets are not in charge, sovereign currency-issuing governments are Read MoreThis 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 …
Fiat Socialism Read MoreMacroeconomics is the study of the behaviour and performance of the economy as a whole. The word ‘macro’ comes from the Greek word ‘makro’ meaning large. It is talking about …
Macroeconomics 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