“Let’s face it, the universe is messy. It is nonlinear, turbulent, and chaotic. It is dynamic. It spends its time in transient behavior on its way to somewhere else, not …
The post The empire of lies (and its consequences) appeared first on The Gower Initiative for Modern Money Studies.
‘Growth is one of the stupidest purposes ever invented by any culture. We’ve got to have an ‘enough’. Always ask growth of what, and why, and for whom, and who …
The post Humanity sits at a crossroads as politicians re-sell the politics of public austerity appeared first on The Gower Initiative for Modern Money Studies.
The story behind Fiat Socialism By Carlos García Hernández “It’s not three, it’s four” – I remember distinctly when I had that thought. Intuition hit me. I was writing A …
The post Dalet appeared first on The Gower Initiative for Modern Money Studies.
“Never forget that the economy is a wholly owned subsidiary of nature”. Global Boiling – Kate Mackenzie and Tim Sahay Many of us have grown up with the story of …
The post Economic delusions cannot save us from the climate crisis and societal decay appeared first on The Gower Initiative for Modern Money Studies.
By Carlos García Hernández Originally published in Spanish on 1/7/23. Definition of a State: a territory with fixed borders under a central authority with the capacity to …
The post A practical exercise for the reconstruction of the Left appeared first on The Gower Initiative for Modern Money Studies.
Catherine Armstrong [1], The University of York, 2023 Introduction The Universal Basic Income (UBI) guarantees every adult an income. The Job Guarantee (JG) provides employment to everyone willing and …
The post Should we favour a Job Guarantee over a Universal Basic Income as a means of achieving a more socially just society? appeared first on The Gower Initiative for Modern Money Studies.
MMT strips way the veil of neo-liberal ideology that mainstream macroeconomists use to restrict government spending. We learn that these constraints are purely voluntary and have no intrinsic status. This …
The post While opposing political parties play the fiscal credibility game, people get hurt. appeared first on The Gower Initiative for Modern Money Studies.
“It is a trope of twentieth and twenty-first century-life that governments faced with financial shortfalls look first to the services they provide their citizens when making cuts. Instances like these …
The post Politicians’ fine-sounding pledges offer little more than a deceitful illusion when sound finances dictate the strategy appeared first on The Gower Initiative for Modern Money Studies.
By Ellis Winningham Oftentimes, we advise people to limit the use of the word “money” when discussing MMT concepts. Although the word is incredibly common, the term is actually …
The post An overview of the UK monetary system appeared first on The Gower Initiative for Modern Money Studies.
“As long as we labour under the delusion that financial choices are the same for a government as they are for households or firms, who don’t have a [central] bank …
The post Two worlds. Royalty shamelessly flaunts its wealth while the people struggle to live. appeared first on The Gower Initiative for Modern Money Studies.