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Tag: taxation

Blogs / MMT Lens

“Either you guarantee employment, or you guarantee there will be unemployment.” – Pavlina Tcherneva

25th July 2020

This week the Learning and Work Institute published its July briefing on employment. Stephen Evans, its chief executive, made it clear that there were signs of an employment crisis ahead …

“Either you guarantee employment, or you guarantee there will be unemployment.” – Pavlina Tcherneva Read More
Blogs / MMT Lens

‘In these difficult days [we] must and shall choose the path of social justice … the path of faith, the path of hope, and the path of love toward our fellow man.’ Franklin D Roosevelt.

5th July 2020

From Boris Johnson’s earlier reincarnation as Churchill in the pre-Brexit era, he has now been reborn as FDR, or at least likes to think so. According to the Conservative website, …

‘In these difficult days [we] must and shall choose the path of social justice … the path of faith, the path of hope, and the path of love toward our fellow man.’ Franklin D Roosevelt. Read More
Academic Paper / Blogs / MMT Long Read

White Paper: Modern Monetary Theory (MMT)

4th July 202021st January 2025

Warren Mosler Published online 4th July 2020.  Updated 3rd November 2024.   Full Document   Introduction   The purpose of this white paper is to publicly present the fundamentals of …

White Paper: Modern Monetary Theory (MMT) Read More
Blogs / Reblog

We need to talk about Tommy…the NHS: charity, taxes and MMT

28th June 2020

In this post, originally published on Medium, Michael Berks discusses NHS funding. I’m sure you’ve all seen the story of 100-year old Captain Tom Moore, who, by walking 100 laps …

We need to talk about Tommy…the NHS: charity, taxes and MMT Read More
Blogs / MMT Lens

To rephrase Mahatma Gandhi ‘The future will depend on what we do today.’

21st June 2020

Just a brief look at the news headlines in the last few weeks should be enough to set the alarm bells ringing. We are watching as the nation suffers a …

To rephrase Mahatma Gandhi ‘The future will depend on what we do today.’ Read More
Blogs / MMT Lens

The question is not how we will pay for the pandemic, but how government can use its currency-issuing capacity to deal with the most pressing issues of our time.

2nd May 20202nd May 2020

‘Care homes have been top priority for the government’ so said the health secretary in a COVID-19 briefing earlier this week. Daily the evidence grows that this is yet more …

The question is not how we will pay for the pandemic, but how government can use its currency-issuing capacity to deal with the most pressing issues of our time. Read More
Blogs / MMT Lens

Modern Monetary Theory and the COVID-19 induced economic slowdown.

25th April 202024th April 2020

GIMMS welcomes this week’s guest MMT Lens author Peter Martin.    Peter has always taken an interest in politics and economics and considered himself vaguely Keynesian. He first came across …

Modern Monetary Theory and the COVID-19 induced economic slowdown. Read More
Blogs / Reblog

Fundraisers v Public Money for NHS

19th April 202019th April 2020

GIMMS is pleased to have permission to reblog this article from @pamos19. Originally published on her Idle Obs blog site here   “Charity is a cold grey loveless thing. If …

Fundraisers v Public Money for NHS Read More
Blogs / MMT Lens

The cost of government austerity has been a one of infrastructure decay and human suffering. Our nation has paid the price. Are we ready yet to re-imagine our world?

18th April 2020

‘No society should need permission from wealthy people to operate in a high functioning way’ Nick Hanauer   A day of reckoning is coming. The exponential rise in deficit spending …

The cost of government austerity has been a one of infrastructure decay and human suffering. Our nation has paid the price. Are we ready yet to re-imagine our world? Read More
Blogs / MMT Lens

COVID-19 is our practice run. Our future survival may be at stake, but the solutions are within our grasp. NOW.

10th April 2020

“How all this plays out ultimately depends on us. The emperor is now naked and the ground for a radical paradigm shift – one based on popular sovereignty, democratic control …

COVID-19 is our practice run. Our future survival may be at stake, but the solutions are within our grasp. NOW. Read More

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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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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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