Recent Posts on Modern Money Theory
Posts from Richard Murphy at Tax Research UK
- Nationalising Thames Water will not in any way threaten the stability of UK financial marketson 29 April 2024 by Richard Murphy
The Guardian is making a splash this morning on his story: Senior Whitehall officials fear Thames Water’s financial collapse could trigger a rise in government Read the full article...
- Real wages have fallen since 2008 in most areas of the countryon 29 April 2024 by Richard Murphy
The TUC has reported this morning that: Real wages still below 2008 level in 212 out of 340 UK local authorities TUC says longest pay Read the full article...
- It really is time that politicians took note of modern monetary theoryon 29 April 2024 by Richard Murphy
The Guardian has an editorial this morning that I recommend reading in full, but which I will discuss here nonetheless. Of most note in their Read the full article...
- Tax does not pay for government spendingon 29 April 2024 by Richard Murphy
I posted this video on YouTube this morning. As I wrote in the explanatory note that accompanied it, probably the biggest challenge to understanding how Read the full article...
- The Premier League is an oligopolist erecting effective barriers to market entry. What is anyone going to do about it?on 29 April 2024 by Richard Murphy
As the Guardian notes this morning, this is the current state of the UK's football premier league: There is, I promise, good economic reason for Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Japan’s municipalities disappearing as population shrinkson 29 April 2024 by bill
I have just finished reading a report from the Population Strategy Council (PSC) of Japan – 令和6年・地方自治体「持続可能性」分析レポート (2024 Local government “sustainability” analysis report) – that was released last week April 24, 2024). The study found that around 40 per cent of the towns (municipalities) in Japan will likely disappear because their populations are in rapid…
- Australia’s inflation rate continues to fall yet some bank economists think further interest rate rises are possibleon 25 April 2024 by bill
Yesterday (April 24, 2024), the Australian Bureau of Statistics (ABS) released the latest – Consumer Price Index, Australia – for the March-quarter 2024. The data showed that the inflation rate continues to fall – down to 3.6 per cent from 4 per cent in line with global supply trends. There is nothing in this quarterly…
- IMF now claiming that Japan has to inflict austerity when the government’s current policy settings a maintaining stabilityon 24 April 2024 by bill
It was only a matter of time I suppose but the IMF is now focusing its nonsensical ‘growth friendly austerity’ mantra on Japan. In a recent interview, the former Portuguese Finance Minister now in charge of the IMF’s so-called ‘Fiscal Affairs Department’, Vitor Gaspar claimed that Japan is now in a precarious position and must…
- Signs of weakening in the Australian labour marketon 18 April 2024 by bill
Today (April 18, 2024), the Australian Bureau of Statistics released the latest – Labour Force, Australia – for March 2024, which shows that the labour market is weakening with employment falling and unemployment rising now that more normal patterns in behaviour after the holiday period disruption have returned. The good news is that full-time employment…
- Why is Brussels supporting Ukraine?on 17 April 2024 by bill
It’s Wednesday, and as usual I scout around various issues that I have been thinking about rather than write a consolidated analysis on one topic. Today, I consider the question of why the EU elites are spending billions supporting the Ukraine government against Russia. They claim that Russia poses a major threat to European freedom…
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)