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
- Andy Burnham is not a solution to any known problem
on 30 April 2026 by Richard MurphyThe FT has reported today that: Greater Manchester mayor Andy Burnham has reignited a debate about funding an uplift to defence spending via borrowing outside Read the full article...
- The Sheffield event is off and we’re rethinking what we doon 30 April 2026 by Richard Murphy
After much agonising, extensive research, a great deal of work, and help from friends in Sheffield, we have decided to abandon plans to hold our Read the full article...
- The crises to come
on 30 April 2026 by Richard MurphyAs I have feared, forecast and written about, the price of oil is beginning to rise significantly, as this chart from the Financial Times shows: Read the full article...
- Fix your finances nowon 30 April 2026 by Richard Murphy
The Bank of England has warned that serious financial risks are building, and I think people need to pay attention. An AI stock bubble, war Read the full article...
- Farewell and good riddance to the hereditary Lordson 29 April 2026 by Richard Murphy
Parliamnt is prorougued for a week today before returning for a new State Opening and King's Speech next week. There are two consequences. The first Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Has the UAE seen the writing on the wall (peak oil that is)?on 30 April 2026 by bill
A lot of the post WW2 institutional structure is being challenged at present and/or vanishing altogether. Some of the changing environment will prove to be disastrous for the world, while some of the changes are likely to be beneficial. There will also be pro and con of many of the disruptions. Tomorrow (May 1, 2026),…
- My blog is on holiday todayon 27 April 2026 by bill
Today is a public holiday (ANZAC Day) where we remember the efforts of our past generations who fought in wars. This used to be a rather sombre day when some reflections were in order about the men and women who died ‘defending’ our nation. However, it is now a full-on, merch-driven, commercialised glorification of war…
- Robert Skidelsky death – some recollectionson 23 April 2026 by bill
The biographer of Keynes in three volumes – Robert Skidelsky – died on April 15, 2026 at the age of 84. As I explain below, Skidelsky was what we consider to be a mainstream ‘deficit dove’, who are Keynesian and Post Keynesian economists that are comfortable with using fiscal deficits to increase economic activity when…
- A classic case of the Australian government denying that it is the Australian governmenton 20 April 2026 by bill
Most of the examples of fiscal austerity leave one puzzled as a result of the sheer myopia that is usually present – the ‘save a penny today to spend a dollar tomorrow’ sort of nonsense that history tells us repeats when governments try to reduce spending in areas that it should not. But sometimes one…
- Australian labour market – largely stable but dark clouds presenton 16 April 2026 by bill
The Australian Bureau of Statistics (ABS) released the latest labour force data today (APRIL 16, 2026) – Labour Force, Australia – for March 2026 – which showed that the labour market steadied after last month’s contraction. While employment growth remained positive and was dominated by full-time work gains (as part-time employment fell), the fact 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