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
- The FT view: make the vulnerable pay for failing neoliberalism
on 2 September 2026 by Richard MurphyThe Telegraph says in an email this morning that: Andy Burnham’s Commons debut as Prime Minister yesterday was overshadowed by a market rout that sent Read the full article...
- Words might come very easily to Burnham. Meaningful ones do not.on 2 September 2026 by Richard Murphy
Andy Burnham tried to present his great economic and social vision in the House of Commons yesterday, blaming Thatcherism and Brexit for the state that Read the full article...
- What is enough?on 2 September 2026 by Richard Murphy
Why are we never allowed to have enough? Modern economies constantly encourage us to want more: more possessions, more consumption, more experiences and often more Read the full article...
- Farewell Sir Keir Starmer MPon 1 September 2026 by Richard Murphy
Sir Keir Starmer is to leave the House of Commons, resigning on the first day after the summer recess and opening the possibility of a Read the full article...
- Will the smug certainty of the FT be swept away?on 1 September 2026 by Richard Murphy
As the FT noted in an article this weekend: If you thought American socialism was all Marxist reading groups and picket lines, think again. These Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Australian national accounts – subdued conditions continue amidst an EV purchasing boomon 2 September 2026 by bill
The Australian Bureau of Statistics (ABS) released the latest – Australian National Accounts: National Income, Expenditure and Product, June 2026 – today (September 2, 2026). This data is now starting to reflect the full impacts of the Middle East disruptions and the interest rate impacts arising from the recent hikes in rates from the RBA.…
- Why do we support political inaction that undermines our well-being?on 31 August 2026 by bill
I have been very sad in the last week or so as the news of the environmental devastation and its impact on human life in Nepal has steadily infiltrated our attention. The causes of that disaster are many but overwhelmingly point to the impact of climate change on the Himalayan permafrost and glacial lakes, which,…
- Government debt hysteria relies on acceptance of a totally unnecessary administrative practiceon 26 August 2026 by bill
As a followup on Monday’s blog post – Australian government debt approaching $A1 trillion – who cares? Everybody it seems but me (August 24, 2026) – there is an additional aspect of the hysteria around government debt levels that was implicit in that post but bears more detailed discussion. What I am writing today is…
- Australian government debt approaching $A1 trillion – who cares? Everybody it seems but meon 24 August 2026 by bill
The neoliberal era has made humanity progressively crazy when it comes to currency matters. At the moment, this trend seems to have reached new heights of absurdity. I note that the US government is now buying up its own debt with more debt as a cover for the stupidity that its President and his lackeys…
- Australian labour market – unemployment continues to rise as a deliberate policy choiceon 20 August 2026 by bill
Last month, I noted that the sharp shift towards part-time work was the first signal that a labour market contraction was coming. The latest data released today confirms that the contraction is now eating into overall employment and pushing the unemployment rate up. The Australian Bureau of Statistics (ABS) released the latest labour force data…
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)
- Stephanie Kelton @ The Lens/Substack
- Modern Monetary Theory by Brooke Clarke