What is Modern Money Theory (MMT)?
MMT describes how the economy works. Although MMT does not prescribe government policy, there are some “natural” consequences. Some MMT core points are below.
Posts from Richard Murphy at Tax Research UK
- Your opinion is soughton 8 December 2024 by Richard Murphy
As some of you may know, I am a fan of mind mapping. I have recently tried an AI-driven mind-mapping summarising software called Mapify, which Read the full article...
- Musings for a wet Sunday morningon 8 December 2024 by Richard Murphy
It is a wet, windy, and frankly, pretty horrible Sunday morning. It’s too wet for walking. Too wet for birdwatching. Too wet to even want Read the full article...
- Politics has to be about careon 8 December 2024 by Richard Murphy
Democracy is under threat around the world from the politics of hate peddled by the far-right. In political terms, the opposite of hate is care, Read the full article...
- Democracy is dying, and our hopes with it. And yes, I am angry about thaton 7 December 2024 by Richard Murphy
I noticed this in an FT email this morning: There is, apparently, 'no money', The French government fell this week because it could not find Read the full article...
- Fraud costs how much? on 7 December 2024 by Richard Murphy
The government’s own data on fraud suggests it loses £58.8 billion a year, but that’s bound to be understated as there are no systems to Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- The concept of degrowth remains underspecified – reform or revolution?on 5 December 2024 by bill
I have done quite a number of podcast interviews with various hosts over the last few weeks and the discussions often turn to issues relating to the environment and what Modern Monetary Theory (MMT) has to say about those issues. Inevitably, the discussions then meandered into debates about what is possible given that we humans…
- Australia national accounts – government expenditure saves the economy from recessionon 4 December 2024 by bill
Today (December 4, 2024), the Australian Bureau of Statistics released the latest – Australian National Accounts: National Income, Expenditure and Product, June 2024 – which shows that the Australian economy grew by just 0.3 per cent in the September-quarter 2024 and by just 0.8 per cent over the 12 months (down from 1 per cent).…
- Austerity cultist Kenneth Rogoff continues to bore us with his broken recordon 2 December 2024 by bill
One would reasonably think that if someone had been exposed in the past for pumping out a discredited academic paper after being at the forefront of the destructive austerity push during the Global Financial Crisis, then some circumspection might be in order. Apparently not. In 2010, Carmen Reinhart and Kenneth Rogoff published a paper in…
- Japan’s new proposed national strategy has to overcome the domination of imported neoliberalism – Part 1on 28 November 2024 by bill
My colleagues and I at Kyoto University met the night before I flew back to Australia this year to discuss the on-going research collaboration, which will define part of my work over the next few years. I hope we can announce a major event in Kyoto or Tokyo in October or November 2025 to disseminate…
- Australian inflation episode well and truly over – please tell the RBA to stop trying to push unemployment up furtheron 27 November 2024 by bill
Today (November 27, 2024), the Australian Bureau of Statistics (ABS) released the latest – Monthly Consumer Price Index Indicator – for October 2024, which showed that the annual inflation rate was steady at 2.1 per cent and is now at the lower end of the RBA’s inflation targetting range (2 to 3 per cent). It…
Other Modern Money Theory Proponents
Other MMT Discussion
- MMT For the British People (Facebook group)
- Modern Money Theory (MMT) Australia (Facebook group)
- Modern Money Theory Dank Meme Stash (Facebook group)
- Intro to MMT – Modern Monetary Theory (Facebook group)
- MMT Podcast (Christian Reilly) (Twitter)
- Activist #MMT, the podcast (Twitter)
- Money on the Left (Twitter) (Web site)
- MMT France (En français)