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
- Isn’t it time to stop pretending and get off the fence?on 20 January 2026 by Richard Murphy
It was all going so well for Keir Starmer. One prevarication has followed another, before time has been spent sitting on a fence, after which Read the full article...
- You should never accommodate fascistson 20 January 2026 by Richard Murphy
If you are 67, as I am, you grew up in the shadow of World War II, even though, of course, it was well and Read the full article...
- Is Trump evil?on 20 January 2026 by Richard Murphy
Trump's threat to Greenland is an emergency, and it must be treated as one. This is not just a territorial dispute. It is a deliberately Read the full article...
- What can you do now about the US threat to the world?on 19 January 2026 by Richard Murphy
I was asked this question on the blog this morning: I agree that the power here lies with Europe to formulate a coordinated, strong response. Read the full article...
- Will a US Treasury sell off work?on 19 January 2026 by Richard Murphy
I was asked this question on the blog yesterday: Would a mass sell off of US Treasuries by EU and others put pressure back on Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- AI is is fast becoming another control tool of capitalismon 19 January 2026 by bill
My friend Alan Kohler, who is the finance presenter at the ABC, wrote an interesting article today about AI (January 19, 2026) – AI platforms like Grok are an ethical, social and economic nightmare — and we’re starting to wake up – in which he argued that while he thought climate change was “humanity’s biggest…
- Curbing the freedom of writers will not advance human rightson 15 January 2026 by bill
Today’s blog post is a little different to my usual posts because I am writing it as a writer rather than as an economist. I write tens of thousands of words every year and have done so for many years. People have asked me whether I enjoy spending my time in that way, given that…
- India’s employment guarantee sabotaged to the point of extinction by the neoliberal Narendra Modion 12 January 2026 by bill
I have closely followed the progress of India’s – Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) – since its inception on September 7, 2005. The scheme has been a major success in reducing rural poverty and providing income security to poor rural communities in India. It has also reduced the so-called ‘desperation migration’ from…
- 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 styleon 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…
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






