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
- Blog comments are off this weekendon 30 October 2026 by Richard Murphy
I have been through an exhausting few weeks. The blog has, as usual, had content every day. So have a number of other platforms. YouTube Read the full article...
- Is it ignorance or greed that is driving debate on social security?on 30 October 2026 by Richard Murphy
The post-budget reaction, after John Healey’s debacle this week, is highlighting a number of issues. The first, and most obvious, is the prevalence of the Read the full article...
- Why you need to watch this morning’s videoon 30 October 2026 by Richard Murphy
I rarely record a single-take 28-minute video, but I did yesterday as I talked through the charts in the Office for Budget Responsibility’s report that Read the full article...
- Labour’s budget doesn’t add upon 30 October 2026 by Richard Murphy
The government’s own economic forecasts reveal something extraordinary about Labour’s Budget. The figures simply don’t add up. I’ve examined the Office for Budget Responsibility’s forecasts Read the full article...
- The Finance Curse Film is comingon 29 October 2026 by Richard Murphy
I have this press release to share on the final release of the Finance Curse film, which has been on its way for some time Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Seminar in Tokyo – Thursday, November 29, 2026on 28 October 2026 by bill
On Thursday, November 29, 2026, I will be giving a presentation in Tokyo. The title of the seminar is: “The Need for and Feasibility of a ‘High-Pressure Economy: Determining Appropriate Levels of Investment in Light of Construction Sector Capacity'”. Read on for the details of how you can join via the live stream. The seminar…
- 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…
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






