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
‘We live in capitalism. Its power seems inescapable. So did the divine right of kings.’ Ursula K Le Guin The year 2020 will be not be remembered with any great …
The Covid-19 pandemic shows the need for change. For a real ‘Reset’. Read MoreFor this week’s MMT Lens, GIMMS is pleased to publish a guest article by Berlin-based economist Dirk Ehnts, author of “Modern Monetary Theory and European Macroeconomics“ The Office for …
Will rising interest rates in the future bankrupt the UK government? Read MoreDear Dominic One all night sesh we had playing Monopoly in college and the banker ran out of money. We just wrote out more notes and it worked fine. Should …
Breaking free from false economic narratives Read More“The rich run a global system that allows them to accumulate capital and pay the lowest possible price for labour. The freedom that results applies only to them. The many …
Just getting by is not enough Read MoreSociety is indeed a contract. It is a partnership … not only between those who are living, but those who are dead and those who are to be born. Edmund …
The deceitful image of money scarcity has no place in our society. Read MoreWhat are Negative Interest Rates? The Bank Rate[1] is the rate of interest that the Bank of England pays commercial banks on any money (reserves) they hold with the Bank. …
Negative Interest Rates Read MorePublic duty and the public purpose? Or, self-serving interest? Politicians have a choice. We have a choice. The problems we face did not come down from the heavens. They are …
We can afford to choose public purpose spending Read MoreThe Gower Initiative for Modern Money Studies Published online 24th October 2020 Full Document Introduction The purpose of this white paper is to outline the fundamentals of MMT …
Modern Monetary Theory (MMT) White Paper – UK Read MoreOvercoming poverty is not a task of charity, it is an act of justice. Like slavery and apartheid, poverty is not natural. It is manmade and can be overcome and …
Our choices today will define our humanity and our priorities. Read MoreInstead of more political rhetoric and more of the same orthodox solutions dressed up as change, we need radical progressive action to pave the way for a kinder, more equable …
What is the real burden that the government’s “hard choices” will pass on to future generations? Read More