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
- There’s revolution in the air
on 5 September 2026 by Richard MurphyThere is one word that I have encountered many times over the last week or so. It is revolution. I decided to write a video Read the full article...
- Summer is over: we’re back to life – and the last call for Elyon 5 September 2026 by Richard Murphy
Yesterday afternoon, Thomas and I completed the task of making 21 videos in nine days. In fact, so great was our enthusiasm that we created Read the full article...
- Infographic: Economic resilience
on 5 September 2026 by Richard MurphyHow to expand this image If you press CTRL or Command and the Plus (+) key on your keyboard, your browser should increase the size Read the full article...
- Understanding economics: What is economic resilience?
on 5 September 2026 by Richard MurphyIn this latest video in my Understanding Economics series, I look at an idea economics has been missing for the last forty years, and it Read the full article...
- A food crisis is coming our wayon 4 September 2026 by Richard Murphy
The National Audit Office has issued a report this morning that says: [The UK] food supply chain faces a wide range of risks that can Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- 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…
- Australian national accounts – subdued conditions continue amidst an EV purchasing boomon 2 September 2026 by bill
The Australian Bureau of Statistics (ABS) released the latest – Australian National Accounts: National Income, Expenditure and Product, June 2026 – today (September 2, 2026). This data is now starting to reflect the full impacts of the Middle East disruptions and the interest rate impacts arising from the recent hikes in rates from the RBA.…
- Why do we support political inaction that undermines our well-being?on 31 August 2026 by bill
I have been very sad in the last week or so as the news of the environmental devastation and its impact on human life in Nepal has steadily infiltrated our attention. The causes of that disaster are many but overwhelmingly point to the impact of climate change on the Himalayan permafrost and glacial lakes, which,…
- Government debt hysteria relies on acceptance of a totally unnecessary administrative practiceon 26 August 2026 by bill
As a followup on Monday’s blog post – Australian government debt approaching $A1 trillion – who cares? Everybody it seems but me (August 24, 2026) – there is an additional aspect of the hysteria around government debt levels that was implicit in that post but bears more detailed discussion. What I am writing today is…
- Australian government debt approaching $A1 trillion – who cares? Everybody it seems but meon 24 August 2026 by bill
The neoliberal era has made humanity progressively crazy when it comes to currency matters. At the moment, this trend seems to have reached new heights of absurdity. I note that the US government is now buying up its own debt with more debt as a cover for the stupidity that its President and his lackeys…
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