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.
Knowing can be a curse on a person’s life. I’d traded in a pack of lies for a pack of truth, and I didn’t know which one was heavier. Which …
The post Keynes’ wisdom still stands; “Anything we can actually do we can afford.” appeared first on The Gower Initiative for Modern Money Studies.
“When people live in a fair, caring society, where everyone has equal access to social goods, they don’t have to spend their time worrying about how to cover their basic …
The post Collapsing services and neglected people in a disintegrating society that could be thriving appeared first on The Gower Initiative for Modern Money Studies.
‘It needs to be understood how governments have facilitated inequality in the world. Billionaires don’t happen naturally. The rules by which a country’s economy operates is controlled by governments. If …
The post Money for big business and war but not for the public good appeared first on The Gower Initiative for Modern Money Studies.
Phil Armstrong ‘It’s the same each time with progress, First, they ignore you, Then they say you’re mad, Then Dangerous, And then there’s a pause, And then you can’t …
The post ‘Tombstone for a Tombstone’: Dealing with the ‘bad science’ behind mainstream criticism of MMT appeared first on The Gower Initiative for Modern Money Studies.
A new book from Edward Elgar Publishing in association with GIMMS. The Gower Initiative for Modern Money Studies is pleased to announce that its book “Modern Monetary Theory: Key Insights, …
The post Modern Monetary Theory: Key Insights, Leading Thinkers appeared first on The Gower Initiative for Modern Money Studies.
[The] method to the madness is the fact that we do need austerity to enforce a certain organisation of society which is a classist organisation based on wage labor and …
The post It is not the NHS that is failing us, it is the government appeared first on The Gower Initiative for Modern Money Studies.
“What is a debt, anyway? A debt is just the perversion of a promise. It is a promise corrupted by both math and violence.” David Graeber, Debt: The First 5,000 …
The post Don’t let the black hole debt doomsters suck us in with their lies. Enough is enough. appeared first on The Gower Initiative for Modern Money Studies.
‘The ultimate test of man’s conscience may be his willingness to sacrifice something today for future generations whose words of thanks will not be heard.’ Gaylord Nelson, founder of Earth …
The post “Scrooge” Hunt’s Autumn Statement leads us to the darkness of a new round of austerity appeared first on The Gower Initiative for Modern Money Studies.