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Tag: UK Government spending

Blogs / MMT Lens

Ending needless suffering

31st October 202031st October 2020

“When the MMT coin drops and you realise the suffering is gratuitous” Stephanie Kelton In this week’s blog, hunger is on the menu yet again. Gratuitous hunger and hardship. Gratuitous …

Ending needless suffering Read More
Blogs / MMT Lens

Child hunger is an avoidable tragedy

25th October 202026th October 2020

If we cherish a desire for a fairer and more equitable society, then now is the time to ‘Persist until something happens!’ “We must make sure that the government do …

Child hunger is an avoidable tragedy Read More
Academic Paper / Blogs / MMT Long Read

Modern Monetary Theory (MMT) White Paper – UK

24th October 20204th December 2020

The Gower Initiative for Modern Money Studies Published online 24th October 2020   Full Document   Introduction The purpose of this white paper is to outline the fundamentals of MMT …

Modern Monetary Theory (MMT) White Paper – UK Read More
Blogs / MMT Lens

Our choices today will define our humanity and our priorities.

20th October 2020

Overcoming poverty is not a task of charity, it is an act of justice. Like slavery and apartheid, poverty is not natural. It is manmade and can be overcome and …

Our choices today will define our humanity and our priorities. Read More
Blogs / MMT Lens

What is the real burden that the government’s “hard choices” will pass on to future generations?

11th October 202011th October 2020

Instead of more political rhetoric and more of the same orthodox solutions dressed up as change, we need radical progressive action to pave the way for a kinder, more equable …

What is the real burden that the government’s “hard choices” will pass on to future generations? Read More
Blogs / MMT Lens

Standing at a crossroads in time

4th October 2020

‘Democracy is not just a counting up of votes, it is a counting up of actions.’ Howard Zinn Do you remember when Andy Haldane, the Chief Economist at the Bank …

Standing at a crossroads in time Read More
Blogs / MMT Lens

Time to worry less (or better not at all) about the national debt and challenge the government’s economic record instead.

27th September 202027th September 2020

The old world is dying, and the new world struggles to be born; now is the time of monsters. Antonio Gramsci In the week that the Chancellor Rishi Sunak announced …

Time to worry less (or better not at all) about the national debt and challenge the government’s economic record instead. Read More
Blogs / MMT Lens

The environmental clock is still ticking onwards

19th September 202019th September 2020

We need a sustainable vision for the future and the political will to deliver it like never before     “Have we fallen into a mesmerized state that makes us …

The environmental clock is still ticking onwards Read More
Blogs / MMT Lens

What’s the choice?

13th September 2020

Do we accept there is no alternative to our rotten economic system or demand something different? Let’s re-examine our values and use our imaginations to redefine how we work and …

What’s the choice? Read More
Blogs / MMT Lens

Is the public purse empty?

6th September 2020

The government wants you to believe that the public purse is empty and needs replenishing to set the finances straight. It’s not and it doesn’t. Time to challenge the lie …

Is the public purse empty? 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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21st January 202321st January 2023

Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
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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