Modern Monetary Theory

by Brian Czech

If you recognize the damages done by a bloating economy, you’ll be alarmed by the global GDP meter, which hit the existentially menacing threshold of $100 trillion in 2022. If that doesn’t give you a dose of distress, try the global debt clock. Then, for a dizzying dose indeed, check the casino-like combination of debt and GDP maintained by “US Debt Clock.”

Almost all readers,

The post Debt, Deficits, and Warranted Money appeared first on Center for the Advancement of the Steady State Economy.

Details have updated. Make sure to look at the Conference Page for the latest information. The University of Leeds July 15-17, 2024 CALL FOR PAPERS (Submissions Deadline: Friday March 1, …

The post Inaugural UK Modern Monetary Theory Conference 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.

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.

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.