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Tag: taxation

Blogs / MMT Lens

A Brexit free zone. GIMMS reports on the real news: austerity hurts (and what we can do about it)

31st August 201931st August 2019

“…under the Covenant, all States parties should avoid at all times taking decisions which might lead to the denial or infringement of economic, social and cultural rights. Besides being contrary …

A Brexit free zone. GIMMS reports on the real news: austerity hurts (and what we can do about it) Read More
Blogs / MMT Lens

The Strange Case of the Missing Money

11th August 2019

“Economics lie at the very root of practical morality” Josephine Butler, English feminist, social reformer and campaigner against injustice. Boris Johnson has been distributing largesse. Well, not quite distributing it; …

The Strange Case of the Missing Money Read More
Blogs / MMT Lens

The barbarians may be inside the gates, but we can still defeat them

27th July 201927th July 2019

The French have a saying “plus ça change, plus c’est la même chose.” With the events of the last few days, one might consider that nothing had changed; the Tories …

The barbarians may be inside the gates, but we can still defeat them Read More
Blogs / MMT Lens

Hands up anyone who wants to save the planet and live in a fairer, more equitable world!

20th July 2019

While the Conservatives endlessly laud their economic achievements from the parallel universe they inhabit, their fantasies are countered by the growing evidence that all is not well. The stories of …

Hands up anyone who wants to save the planet and live in a fairer, more equitable world! Read More
Blogs / MMT Lens

Labour Should Not Fall For The Tory-Led ‘Costing’ Trick – Here’s Why

14th July 201914th July 2019

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
Blogs / MMT Lens

Breaking free of neoliberal thinking to deliver progressive change

29th June 201930th June 2019

What a week we’ve had. Or is that a decade? After almost 10 years of cuts to public spending and their destructive consequences, the nation is weary. We are mired …

Breaking free of neoliberal thinking to deliver progressive change Read More
Blogs / MMT Lens

It’s time to challenge the notion that government money is scarce and show that the real limits to public spending are the nation’s resources. The real skill is how we create and share them out.

8th June 20198th June 2019

It would be remiss of GIMMS not to mention in this week’s blog the visit of Donald Trump to the UK. The good news is that he retracted his statement …

It’s time to challenge the notion that government money is scarce and show that the real limits to public spending are the nation’s resources. The real skill is how we create and share them out. Read More
Blogs / Reblog

Is world-leading NHS healthcare an affordable proposition?

5th May 20195th May 2019

In this age of fiscal austerity the viability of the NHS as a publicly funded and delivered service has been constantly called into question. Those challenging the necessity for cuts …

Is world-leading NHS healthcare an affordable proposition? Read More
Blogs / MMT Lens

Repeat after us…there is no social care funding gap and no tax burden on future generations

3rd May 20195th May 2019

Last week the House of Lords Committee on intergenerational fairness said that it was time to rebalance government policies to favour young people, or risk further shattering of the ‘social …

Repeat after us…there is no social care funding gap and no tax burden on future generations Read More
Blogs / MMT Lens

Delivering ecological, social and economic change: Join us in Birmingham to find out more

20th April 20195th May 2019

“Have we fallen into a mesmerized state that makes us accept as inevitable that which is inferior or detrimental, as though having lost the will or the vision to demand …

Delivering ecological, social and economic change: Join us in Birmingham to find out more 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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