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
- Starmer has been defeated and has not a shred of credibility lefton 1 July 2025 by Richard Murphy
As The Guardian has reported in the last hour, Stephen Timms told the Commons after 5 pm with regard to the Bill delivering benefit reforms: Read the full article...
- Labour and the Pontius Pilate School of Politicson 1 July 2025 by Richard Murphy
With apologies (but not many) for repeating this theme: Labour sees the problems we face. It talks about them. Then it washes its hands and Read the full article...
- The Pontius Pilate school of politicson 1 July 2025 by Richard Murphy
- Will the state pension survive?on 1 July 2025 by Richard Murphy
I received this data from Hargreaves Lansdown, the financial advisor, in an email this morning: Only 17% of people think the state pension will still Read the full article...
- Why write to your MP?on 1 July 2025 by Richard Murphy
There has been quite a lot of discussion here over the last few days about the merits of writing letters to MPs, although I use Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- No blog post today – travelling all dayon 29 June 2025 by bill
As the ballistic missiles between Iran and Qatar seem to have gone quiet for the time being I am making another attempt to get to Europe today for work commitments. Last week, my flights were cancelled due to the disruptions around Doha Airport. Anyway, fingers crossed. I will be back writing here again on Thursday,…
- Australia – the inflation spike was transitory but central bankers hiked rates with only partial informationon 26 June 2025 by bill
The Australian Bureau of Statistics (ABS) released the latest CPI data yesterday (June 26, 2025) – Monthly Consumer Price Index Indicator – for May 2025, which showed that the annual underlying inflation rate, which excludes volatile items continues to fall – from 2.4 per cent to 2.1 per cent. The trimmed mean rate (which the…
- There will not be a fiscal crisis in Japanon 23 June 2025 by bill
The global financial press think they are finally on a winner (or should that be loser) when it comes to commentary about the Japanese economy. Over the last few years in the Covid-induced inflation, the Japanese inflation rate has now consolidated and it is safe to say that the era of deflation is over. Coupled…
- The Smith Family MMT Manga is back – Episode 1 for Season 3 is now availableon 19 June 2025 by bill
It’s back. Season 3 of the – The Smith Family and their Adventures with Money – produced by MMTed begins today (June 20, 2025) and will run for the next 12 months, with episodes updated every month. The recession has deepened and the government is in chaos, with its chief advisor Professor Raul Noitawl insisting…
- Australian Labour Market – steady but signs of a deteriorationon 19 June 2025 by bill
The Australian Bureau of Statistics (ABS) released the latest labour force data today (June 19, 2025) – Labour Force, Australia – for May 2025, which revealed that the unemployment rate remained unchanged at 4.1 per cent for the second consecutive month. There was a small decrease in overall employment (-2,500) which was offset by a…
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