Lovers of exemption from tax
Welcome to Alan Hutchison, our MMT Long Read author for this week. Alan begins his blog post with a riddle, and as he notes most people will answer without hesitation. …
Lovers of exemption from tax Read MoreTag: tax
Where does the Magic Money Tree Grow?
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 MoreWhen two original MMT developers get together to discuss their work
In this post, Professor Bill Mitchell provides a reference guide to the basic principles of MMT as seen by himself and another of the original MMT developers, Warren Mosler. This …
When two original MMT developers get together to discuss their work Read MoreSocial Care and how we can pay for it
Social 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 MoreThe UN report
As reported in last week’s MMT Lens Philip Alston’s report on extreme poverty and human rights is truly shocking. Far from austerity being based on the need for financial prudence, …
The UN report Read MoreA weekend of quiet reflection
Today’s blog comes just before the weekend commemorating 100 years since the end of the First World War, the ‘war to end war’. When it started people thought it would …
A weekend of quiet reflection Read MorePut the Planet and the People First and the Fiscal Deficit Will Look After Itself
The 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 MoreBudget Day 2018: The Gower Initiative Rules for a Successful Public Purpose Budget
Seen 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 MoreA Brief History of Money
We keep it in our purse, we hold it in our bank accounts, we hand over our debit or credit cards to pay for things. We might even keep it …
A Brief History of Money Read MoreModern Monetary Theory – a brief introduction
What is ‘the economy’? If you listened to any Chancellor since the late 70s, you would be forgiven for gaining the impression that it is all about ‘debt’ and ‘deficit’ …
Modern Monetary Theory – a brief introduction Read More