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
Resounding cheers from audiences bring mighty puffs and glows to those politicians promising to fund their spending ambitions with cash recovered from tax-havens in distant islands. But how much could …
Is there a critical shortage of rich people? 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 MoreToday we are glad to reblog an article by Prue Plumridge, GIMMS events facilitator, which she wrote for Think Left in 2017. The original article can be seen here Society …
Pensions: Thatcher’s vision is coming to fruition 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 MoreGIMMS would like to welcome Jessica Ormerod and Deborah Harrington as its guest bloggers this week for the MMT Lens. Jessica and Deborah, who were recently appointed to the GIMMS …
The global fight for genuinely universal healthcare is a fight we can’t afford to lose Read MoreEllis Winningham is a retired US based economist, Modern Monetary Theory advocate and campaigner who works with relentless passion through his website blogs and social media work to inform and …
On National Government Spending, Taxation, and Bank Lending in the United Kingdom Read More“Any man can make mistakes, but only an idiot persists in his error,” said the Roman philosopher Cicero. Now that we know how inequality harms the health of societies, individuals, and …
Why fixing poverty and inequality does not depend on a benevolent global wealthy elite Read MoreOver the last few days there has been a story whizzing around social media that our National Insurance contributions are being used to pay off the national debt. The Fund, …
The Myths and Legends of Hypothecated National Insurance Read MoreThis 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 MoreIn 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 More