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
- Is the Bank of England intent on so-called ‘creative destruction’?
on 17 September 2026 by Richard MurphyThe Bank of England made one terrible decision today, and hinted that it will make another the next time it meets. The chances of increased Read the full article...
- My View on … Business
on 17 September 2026 by Richard MurphyThe Richard J Murphy YouTube Channel And My View on … Business Richard J Murphy September 2026 _______________________ This post is part of an ongoing Read the full article...
- Pensions: some dataon 17 September 2026 by Richard Murphy
Regular commentator Robert J made this observation with regard to the debate over the triple lock on pensions yesterday: In terms of communication, public understanding Read the full article...
- Money creation does not cause inflation
on 17 September 2026 by Richard MurphyDoes creating more money cause inflation? We are repeatedly told that “money printing” inevitably pushes prices higher. But that claim misunderstands both how modern money Read the full article...
- Why does it have to be like this?on 16 September 2026 by Richard Murphy
The Guardian has reported that: UK inflation has returned above 3% as soaring fuel and transport prices triggered by the Iran war heap renewed pressure Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- The elaborate farce being played out between the Bank of England and the British Treasuryon 16 September 2026 by bill
As at September 9, 2026, the Bank of England held £489,026 million in British government gilts (bonds). Since the beginning of February 2022, the Bank has been steadily selling of the stock of gilts it purchased as part of its Asset Purchase Facility (APF) over the period March 11, 2009 to December 15, 2021. These…
- Is opposition to the AI development the new Ludditism?on 14 September 2026 by bill
In the early C19th, skilled English textile workers fearing for their future wage earning capacity launched a campaign against the automated machinery that was fast being introduced into the factory system. The initial protests in Nottingham in 1811 spread quickly to Yorkshire and Lancashire. They became known as the – Luddites – a self-appointed title…
- Is Keynesianism dead? Far from it – it provides the life support for a crisis-ridden capitalismon 10 September 2026 by bill
On September 28, 1976, then British PM gave an historic speech at the Annual Labour Party Conference held in Blackpool. The speech was written by his son-in-law, one Peter Jay, who himself was mired in scandals throughout his career. For example, the nepotism allegations after he was appointed British Ambassador to the US, his wife’s…
- Yen starts to appreciate again – as you were!on 7 September 2026 by bill
In recent months, the mainstream media commentators have been issuing increasing lurid predictions of how the ‘out of control’ fiscal situation in Japan is killing the yen and a full-scale currency crisis was imminent, after the yen moved across the ‘fabled’ 160 mark against the US dollar. What is ‘fabled’ about that threshold is anyone’s…
- Latest Australian national accounts data provide no justification for further interest rate riseson 3 September 2026 by bill
I am travelling a lot today and so this is just a brief reflection on the response in the media to yesterday’s National Account release from the Australian Bureau of Statistics. The reaction from the mainstream media has been rather incredulous with most commentators claiming in the most lurid terms that the figures mean that…
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