Welcome to MMT works

Recent Posts on Modern Money Theory

NHS Now
22 March 2023 by mmt.works
The NHS crisis The NHS has worked well over the decades, supposedly the envy of the world. So what has changed over the last 70-odd years? Simply: funding. What you need to know: Modern Money Theory (MMT) recognises that taxes

MMT full employment
17 March 2023 by mmt.works
What is the Job Guarantee? Modern Money Theory's (MMT) description of the economy leads to one of its core policies, that the government can guarantee full employment with decent pay (and benefits and annual leave). In other words: Under the

Government Debt = Nation's wealth
10 March 2023 by mmt.works
National Debt key points The National Debt is not a debt, it is not "owed" back The National Debt is money in the economy that has not yet been taxed back The National Debt represents our saving, the money in

Austerity kills
5 March 2023 by mmt.works
Austerity is deliberate and manufactured by government. Austerity also kills. But economists have been aware of alternatives to austerity for nearly 50 years, that focus on people, and not financial markets. “There IS An Alternative To European Austerity: Modern Money

No taxpayers money
1 March 2023 by mmt.works
Spend, invest and tax "There is no such thing as public money; there is only taxpayers' money." -- Margaret Thatcher (Speech to Conservative Party Conference, 14 Oct 1983) Thatcher's statement is nonsense! Taxes can not fund government spending: Tax due:

One Pound Coins
23 February 2023 by mmt.works
Modern Money Theory can be quite complicated, for which it is recommended that you refer to additional articles. But the main points of MMT are as follows: Modern Money Theory (MMT) is descriptive MMT describes how the economy works, Although

Posts from Richard Murphy at Tax Research UK

  • Before buyer’s regret creeps in
    on 4 March 2024 by Richard Murphy

    This is worth sharing, sent to me by Ipsos Mori this morning, and maybe useful as a benchmark for use at the time when buyer's Read the full article...

  • Budget messaging
    on 4 March 2024 by Richard Murphy

    I was on LBC radio yesterday, talking about this week’s budget . At 9 am this morning I will be on Nicky Campbell’s show on Read the full article...

  • The Taxing Wealth Report 2024: a pre-Budget summary
    on 4 March 2024 by Richard Murphy

    The Taxing Wealth Report 2024 and the Budget In anticipation of the UK budget this week, I thought it important to provide a summary of Read the full article...

  • There is no ‘other’
    on 3 March 2024 by Richard Murphy

    I put this on Twitter last night: What Sunak and his far-right allies want to create with their pernicious rhetoric of unity, to which Labour Read the full article...

  • The Tory view of British values
    on 2 March 2024 by Richard Murphy

    Rishi Sunak spoke yesterday of the need for the government, police and others to stand up against those who oppose British values. But, just what Read the full article...

Posts from Bill Mitchell – Modern Monetary Theory

Other Modern Money Theory Proponents

Other MMT Discussion

Skip to content