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
- The world needs an education system designed for dreamers.
on 23 April 2026 by Richard MurphyI came across this quote, which was attributed to Albert Szent-Gyorgyi, a Nobel laureate biochemist. I have also seen it attributed to Einstein. The basic texture of Read the full article...
- Football sanctions are required, but not on Iranon 23 April 2026 by Richard Murphy
The FT reported this morning that: A top envoy to President Donald Trump has asked Fifa to replace Iran with Italy in the upcoming World Read the full article...
- Am I an MMT economist?on 23 April 2026 by Richard Murphy
Background The podcast I posted here yesterday, which, admittedly, very few people have watched, included an implicit challenge from economist Will Thomson, who repeated a Read the full article...
- Let’s get real about oilon 23 April 2026 by Richard Murphy
As The Economist noted yesterday: To gauge how close the world is to energy catastrophe, The Economist has gathered a dashboard of indicators. It suggests that grave Read the full article...
- What happens when neither peace or compromise is on the table?on 23 April 2026 by Richard Murphy
The supposed ceasefire in the Middle East ended yesterday. Trump has said he wants new talks, but his team is not in Pakistan to take Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- 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…
- A structured approach for progressive political ambitions – Part 7on 13 April 2026 by bill
This is Part 7 of the short series of briefing notes that arose out of discussions I recently had in London about how a progressive political party might want to break out of the shackles that the British Labour Party has bound itself in with its obsession with fiscal rules and an adherence to the…
- A structured approach for progressive political ambitions – Part 6on 9 April 2026 by bill
This is Part 6 of the short series of briefing notes that arose out of discussions I recently had in London about how a progressive political party might want to break out of the shackles that the British Labour Party has bound itself in with its obsession with fiscal rules and an adherence to the…
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