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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.

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Posts from Richard Murphy at Tax Research UK

  • The best year ever
    on 17 September 2025 by Richard Murphy

    I noticed an odd statistic relating to this blog this morning. As this chart shows, during the course of yesterday this blog recorded its best Read the full article...

  • Too many ideas?
    on 17 September 2025 by Richard Murphy

    It has been pointed out to me by my wife, so I definitely noticed, that I may be publishing too much content on here at Read the full article...

  • Quantum economics, part 10: A Call for a New Economics
    on 17 September 2025 by Richard Murphy

    This post continues the story of quantum economics, which began here. There is a summary of posts to date at the end of this post. Read the full article...

  • Economics questions: The Keynes question
    on 17 September 2025 by Richard Murphy

    This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might Read the full article...

  • Roundabouts
    on 17 September 2025 by Richard Murphy

    I like this, from Brian Bilston: Some in poetry seem to look down on Brian Bilston's work. I don't, and have a couple of his Read the full article...

More from Richard Murphy @ taxresearch.org.uk

Posts from Bill Mitchell – Modern Monetary Theory

  • Australian labour market takes a backward step
    on 18 September 2025 by bill

    I regularly warn against using the observations from one month to tell a story given that the data jumps around a lot at this frequency over time. It is clear that there is a lot of month-to-month variation in the data at present. The Australian Bureau of Statistics (ABS) released the latest labour force data…

  • Terrestrial water storage capacity is declining fast and is hardly getting any attention
    on 15 September 2025 by bill

    I read some disturbing research over the weekend about the rapidly declining terrestrial water storage (TWS) that is now becoming a global issue with drying regions linking up to form mega-drying areas that will be nearly impossible to reverse. While global warming gets a lot of attention in the media the surface water issue is…

  • US Bureau of Labor Statistics revisions are not some arbitrary act but an attempt at making the data as accurate as possible
    on 11 September 2025 by bill

    Last Tuesday (September 9, 2025), the US Bureau of Labor Statistics published a news release – Preliminary benchmark revision for March payroll employment is -911,000 (-0.6%) – which told us that its employment estimates for the current year are likely to be significantly overstated. Given that the BLS has been under intense political scrutiny in…

  • Some discussion about taxation
    on 8 September 2025 by bill

    Over the weekend, I was a presenter at a Fabian’s Society meeting which sought input on ‘alternative taxation policies’ under the general tenet of the need for the Australian government to raise revenue to ensure a socially just society. The other presenter was John Quiggin and I think we provided a good complementarity for the…

  • Recent podcast and some thoughts on trade
    on 4 September 2025 by bill

    I don’t have much time today as I am travelling a lot in the next few days for various work commitments. But recently I did a podcast for Real Progressives in the US about trade and the external economy. I started the discussion with an interesting quote that I will reproduce here. Regular readers will…

More Bill Mitchell @ billmitchell.org

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