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
- What are we going to do?on 24 April 2025 by Richard Murphy
I quote this conclusion from Aurelian's latest essay on Substack: What are we going to do then? Well, we can start by acknowledging reality: the Read the full article...
- What sort of insanity is this?on 24 April 2025 by Richard Murphy
As Politico notes in an email this morning: Starmer is visiting troops on the HMS Prince of Wales naval flagship [this morning] before it sets Read the full article...
- At a time when big thinking is required, we have the Winnie the Pooh of central banking in charge of monetary policyon 24 April 2025 by Richard Murphy
As The Guardian notes this morning: Fears are mounting that Donald Trump’s trade war will hurt the UK economy, even as the US president backtracks Read the full article...
- Why do we want a deal with the thugs running the USA?on 24 April 2025 by Richard Murphy
Every day it seems that we learn more about Trump. Yesterday, Vice President JD Vance gave us a clear insight into how he thinks conflicts Read the full article...
- The UK is not sustainableon 24 April 2025 by Richard Murphy
I note this was posted in The National yesterday by my colleague, Paul Kavanagh, who posts under the name Wee Ginger Dug: It’s St George's Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Australian voters face a Hobson’s Choice – just like voters around the worldon 24 April 2025 by bill
Today, I am fully engaged in work commitments and so we have a guest blogger in the guise of Professor Scott Baum, who will soon be joining us at the Centre of Full Employment and Equity (CofFEE) at the University of Newcastle as a senior research fellow. Scott has been one of my regular research…
- My blog is on holiday todayon 21 April 2025 by bill
It is a public holiday in Australia today and I decided that I would use the time, which is free of workplace-type interruptions, to work on a project that has an impending (very) deadline. I also did a podcast interview with the team at Macro and Cheese on the state of American this morning. So…
- System problems resolvedon 17 April 2025 by bill
Dear Readers I apologise for the lack of connectivity over the last 36 hours or so. My research centre and related WWW pages are delivered by servers that we maintain within a larger data centre in Adelaide. On Wednesday evening sometime, that centre facility had a catastrophic power failure that took down all the racks…
- Australia labour market – sluggish as growth slowson 16 April 2025 by bill
The Australian Bureau of Statistics (ABS) released the latest labour force data today (April 17, 2025) – Labour Force, Australia – for March 2025. It revealed that the unemployment rate rose 0.1 point (on rounding) to 4.1 per cent, employment rose by 32,200 (0.2 per cent), the underemployment rate was unchanged at 5.9 per cent,…
- Does rising income inequality explain the rising support for right-wing political movements?on 14 April 2025 by bill
We know that after the Second World War, as nations embraced their major national policy statements (White Papers in many countries) to build their societies after the disruption of the War and the Great Depression, income inequality fell significantly. Since the 1970s, the post WW2 trend has been somewhat reversed in many (but not all)…
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