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.
Upcoming event: MMT Forum 2026, Fri 18 Dec, 9:30am – 6pm, ISH Venues, London
Posts from Richard Murphy at Tax Research UK
- European weather, gas demand and electricity priceson 27 October 2026 by Richard Murphy
Mike Parr, whose comments many readers here will recognise, is one-third of an email discussion group I also belong to; the third member uses the Read the full article...
- Is Deutsche Bank sending out the signals that indicate a coming crisis?on 27 October 2026 by Richard Murphy
On 9 August 2007, BNP Paribas announced that it had suspended withdrawals from three investment funds, effective from 7 August The funds held securities linked Read the full article...
- Tinkering at the edges, whilst adding to inequality. That’s the Burnham wayon 27 October 2026 by Richard Murphy
The FT notes this morning that: Chancellor John Healey will help first-time homebuyers, tackle high energy costs and announce a series of “everyday fixes” in Read the full article...
- AI will reduce employmenton 27 October 2026 by Richard Murphy
How do I know AI will cost jobs? Because Microsoft has said so. As the FT notes this morning: Microsoft will offer buyout packages to Read the full article...
- What am I trying to achieve?on 27 October 2026 by Richard Murphy
A commentator asked here last night, in the context of the discussion on neoliberalism: Who is your audience and what do you want them to Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Kyoto Report 2026 – 5on 27 October 2026 by bill
This weekly report will provide some insights into life for a westerner (me) who is working for an extended period at Kyoto University in Japan but who over the years of working here has increasingly began to understand the language and local cultural traditions. A seeming tyranny This bit is to be interpreted as a…
- The intersection of neoliberalism and traditional Japanese values – Part 2on 26 October 2026 by bill
Neoliberalism has scammed everyone. It told citizens that if we were liberated from government regulations and government control of enterprises that delivered essential services then we would attain the best possible outcomes that were available. A barrage of messaging from media companies blatantly serving the interests of capital and think tanks masquerading as independent research…
- The intersection of neoliberalism and traditional Japanese values – Part 1on 22 October 2026 by bill
In the West, particularly the English-speaking world, neoliberalism seemed to easily replace the collectivist values of the full employment era that followed the Second World War. It constructed a world where individualism was prioritised over society, even though it claimed that society (all of us) would be better off by pursuing our own greedy interests.…
- Kyoto Report 2026 – 4on 20 October 2026 by bill
This weekly report will provide some insights into life for a westerner (me) who is working for an extended period at Kyoto University in Japan but who over the years of working here has increasingly began to understand the language and local cultural traditions. Signs I come across I had to go down into central…
- French protests reflect the dysfunctional architecture of the common currencyon 19 October 2026 by bill
The social instability in France is now spreading throughout Europe. Already there are mass protests in Spain and Portugal, Belgium, Italy, and Albania. In France, initially students began protesting over conditions in the schooling system, but the grievances and parties involved have broadened out and the increasingly chaotic scenes in Paris have spread out to…
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





