Welcome to MMT works

MMT coin

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.

More posts at mmt.works…

Posts from Richard Murphy at Tax Research UK

  • Fascism: the view from the USA in 1945
    on 10 January 2026 by Richard Murphy

    In this morning's Letter from an American, Heather Cox Richardson said: Beginning in 1943, the War Department published a series of pamphlets for U.S. Army Read the full article...

  • Goosing
    on 10 January 2026 by Richard Murphy

    We went goosing this morning. I am not sure goosing is a word, but it is in the Murphy household. Geese are high on our Read the full article...

  • Facing fascism
    on 10 January 2026 by Richard Murphy

    We are just one working week into 2026, but it feels very much longer. The US has invaded a country illegally and seized its president. Read the full article...

  • Do you want to work less?
    on 10 January 2026 by Richard Murphy

    A growing number of high-paid professionals in the UK are choosing to work fewer hours. Some commentators claim this signals economic weakness, declining productivity, or Read the full article...

  • Unreasonable people
    on 9 January 2026 by Richard Murphy

    We posted this YouTube short this lunchtime: This is the transcript: A century ago, the Irish polymath and playwright George Bernard Shaw said that "Reasonable Read the full article...

More from Richard Murphy @ taxresearch.org.uk

Posts from Bill Mitchell – Modern Monetary Theory

  • Is there hope for a post neoliberal world?
    on 8 January 2026 by bill

    I grew up in a society where collective will was at the forefront and it is true to say people looked out for each other. The state – at all levels – had various policy structures in place to provide levels of economic protection for the least advantaged members of society. Having grown up in…

  • When contraction is called expansion – Japanese government style
    on 5 January 2026 by bill

    Well my holiday is over. Not that I had one! This morning we submitted the manuscript to the publisher for the Second Edition of our Macroeconomics text, which will come out later this year. Finishing a massive project like that is always non-linear – the last few months are hideous – checking everything and filling…

  • My blog has gone on holidays
    on 25 December 2025 by bill

    My blog is on holiday until Tuesday, January 6, 2026. We are planning to finish the manuscript for the Second Edition of our Macroeconomics textbook by year’s end and that is what I am working fervently on in the next week. I am also preparing for a conversation next week with the Post-Neoliberalism Oral History…

  • Video – Japan at a Crossroads: Fiscal Policy, China, and the Growth
    on 22 December 2025 by bill

    I have limited time today to write a blog post and last night I was sent a new video that I recently recorded with my research colleague at Kyoto University, Professor Fujii where we talk for some hours on the topic – Japan at a Crossroads: Fiscal Policy, China, and the Growth. It was a…

  • Trump’s “best is yet to come” and the data reality are diverging – for the worse!
    on 18 December 2025 by bill

    I haven’t provided detailed commentary on the US labour market for a while now. To some extent the month-to-month changes are not that interesting but after a lapse, discernible trends can be detected. The US President is about to give a national address today in the context of declining poll popularity and a series of…

More Bill Mitchell @ billmitchell.org

Other Modern Money Theory Proponents

Other MMT Discussion

Accessibility Toolbar