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Tag: UK Government spending

Blogs / MMT Lens

The week when money suddenly became available…

6th July 20197th July 2019

Last week GIMMS covered the Conservative Party leadership contest, which this week continues unabated and dominates the news. In a game of one-upmanship, each contender woos the voters with fancy …

The week when money suddenly became available… 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

Volunteering plays a valuable role in society, but it should never be at the expense of a paid job.

15th June 2019

Last week was Volunteering Week. Social media was brimming with warm, human stories about the work people do as volunteers. We should, without doubt, celebrate the human desire to help …

Volunteering plays a valuable role in society, but it should never be at the expense of a paid job. 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 / MMT Lens

The health and well-being of our children is not determined by taxpayers’ money, but by the political will to make a difference

31st May 201931st May 2019

“Safety and security don’t just happen, they are the result of collective consensus and public investment. We owe our children, the most vulnerable citizens in our society, a life free …

The health and well-being of our children is not determined by taxpayers’ money, but by the political will to make a difference 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 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

The underfunding of mental health services is a political choice. There is an alternative.

26th April 20195th May 2019

Over the last few years, the subject of mental health services has increasingly made the news headlines.  A quick search engine query says it all: ‘Damning report finds serious failings …

The underfunding of mental health services is a political choice. There is an alternative. Read More
Blogs / MMT Lens

The fate of local government is hanging in the balance

13th April 20195th May 2019

“Surely by now there can be few here who still believe the purpose of government is to protect us from the destructive activities of corporations. At last most of us …

The fate of local government is hanging in the balance 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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