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
“There’s something invigorating about people freaking out about modern monetary theory (MMT). They treat MMT as akin to the Ark of the Covenant in the first Indiana Jones movie. They …
‘What if the Public (really) Understood How Money Works?’ Just think what we could achieve! Read MoreJust 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‘Our economic and social prospects in the coming decade depend on today’s policies. The recovery will not gain steam without more confidence which will not recover without global cooperation. Governments …
Nothing is written in stone. There is an alternative. Let’s make this the era of people power; we can do this! Read More‘To talk about the future is only useful if it leads to action now.’ E F Schumacher: Small is beautiful: Economics as if people mattered. The Bank of England in …
To talk about the future is only useful if it leads to action now Read More“Governments stand because people sit; if people stand, governments will sit!” – Mehmet Murat İldan (Turkish writer). Did you clap for the NHS and key workers? Did you cheer on …
If you clapped for the NHS and key workers, now it’s time to ACT. Read More‘Two roads diverged in a yellow wood’ are the opening words of a poem by the celebrated poet Robert Frost. Whilst he was writing about his own personal life’s journey, …
‘Two roads diverged in a yellow wood’. The question is which one will we take? Read More‘We hope this pandemic will teach us that in normal times we must build up our supplies, our infrastructure, and our institutions to be able to deal with crises. We …
We don’t have to accept a corporate blueprint for a future world. The alternative is to forge a collective vision based on solid values and publicly provided foundations to enable human and planetary flourishing. Read MoreAll labor that uplifts humanity has dignity and importance and should be undertaken with painstaking excellence. Martin Luther King, Jr. While the scale of the real human tragedy of …
Change is not a pleasant process, but we must not shy away from it. There is an alternative. It’s time to engage. It’s time to make the world anew. Read More‘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 MoreGIMMS 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