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Tag: UK economy

Blogs / MMT Lens

It’s not balanced budgets that will save us. It’s the power of the public purse and our human values.

16th November 201916th November 2019

Charles Dickens began his novel ‘Hard Times’ thus: “NOW, what I want is, Facts. […]. Facts alone are wanted in life. Plant nothing else and root out everything else. You …

It’s not balanced budgets that will save us. It’s the power of the public purse and our human values. Read More
Blogs / MMT Lens

We need to relearn the art of adequate spending for public purpose

12th October 201915th October 2019

The GIMMS team have been away and had a very busy two weeks travelling between Brighton, London, Manchester, Leeds and Newport for a variety of events.  All in all, it …

We need to relearn the art of adequate spending for public purpose Read More
Blogs / MMT Lens

Young people and workers of the world unite! You have a right to a future.

14th September 201914th September 2019

Earlier this week in New York, Greta Thunberg, Naomi Klein and other environmental activists shared a platform in an event entitled ‘The Right to a Future’. In the face of …

Young people and workers of the world unite! You have a right to a future. Read More
Blogs / MMT Lens

Change is coming. Keep calm and keep on PUSHing

17th August 2019

Each week, GIMMS aims to keep its readers abreast of the latest stories in the news and they form the basis of our weekly MMT Lens.  Each week we search …

Change is coming. Keep calm and keep on PUSHing 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

Economics as if people [and the planet] mattered

22nd June 201923rd June 2019

“…increasingly we live in a world filled with the equivalents of deadly garage-door openers, unnecessary items that offer us mild and insipid comfort at the price of a dangerous and …

Economics as if people [and the planet] mattered Read More
Blogs / MMT Lens

What makes a healthy economy and society and how can it best be delivered?

25th May 201926th May 2019

The public purpose is inherently a progressive agenda that strives to continually improve the material, social, physical, cultural and psychological well-being of all members of society.  It is inherently ‘aspirational’ …

What makes a healthy economy and society and how can it best be delivered? Read More
Blogs / Reblog

Is there a critical shortage of rich people?

7th April 201926th November 2022

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 More
Blogs / Reblog

On National Government Spending, Taxation, and Bank Lending in the United Kingdom

10th February 201910th February 2019

Ellis 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

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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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