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
- Should the state pension be replaced?
on 24 September 2026 by Richard MurphyThe Guardian newspaper reported this week that: A thinktank linked to Reform UK has called for the abolition of the state pension and £75bn worth Read the full article...
- My View on … Marketson 24 September 2026 by Richard Murphy
This post is part of an ongoing series in which I set out my views on significant issues in economics, political economy, politics, taxation, and Read the full article...
- Next time it won’t be different, unless we change our thinking
on 24 September 2026 by Richard MurphyThere is a saying, attributed to Einstein but probably apocryphally, that keeping on doing something and hoping that you get a better outcome next time Read the full article...
- Glossary entry: Ways and Means Accounton 24 September 2026 by Richard Murphy
A commentator on this blog asked me what the Ways and Means Account was yesterday. I thought the best way to respond was to create Read the full article...
- Why are workers losing?
on 24 September 2026 by Richard MurphyWorkers in Britain and the United States are getting a smaller share of national income than they did decades ago. That is not simply a Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Australian labour market – full-time jobs decline as unemployment continues to riseon 24 September 2026 by bill
The labour market contraction that I have been signalling for the last two months continued in August. The Australian Bureau of Statistics (ABS) released the latest labour force data today (September 24, 2026) – Labour Force, Australia – for August 2026 – which showed that the labour market deteriorated further in August, in that full-time…
- The failure of neoliberalism and the progressive failure to articulate that has engendered the rise of the far Righton 21 September 2026 by bill
On Sunday (September 20, 2026), the two state elections in Germany confirmed a trend that has been unfolding for some years in fact – the polarisation of politics in nations, and, in particular the legitimisation of far Right politicians espousing views that are not inconsistent with the views of the National Socialists in Germany in…
- The elaborate farce being played out between the Bank of England and the British Treasuryon 16 September 2026 by bill
As at September 9, 2026, the Bank of England held £489,026 million in British government gilts (bonds). Since the beginning of February 2022, the Bank has been steadily selling of the stock of gilts it purchased as part of its Asset Purchase Facility (APF) over the period March 11, 2009 to December 15, 2021. These…
- Is opposition to the AI development the new Ludditism?on 14 September 2026 by bill
In the early C19th, skilled English textile workers fearing for their future wage earning capacity launched a campaign against the automated machinery that was fast being introduced into the factory system. The initial protests in Nottingham in 1811 spread quickly to Yorkshire and Lancashire. They became known as the – Luddites – a self-appointed title…
- Is Keynesianism dead? Far from it – it provides the life support for a crisis-ridden capitalismon 10 September 2026 by bill
On September 28, 1976, then British PM gave an historic speech at the Annual Labour Party Conference held in Blackpool. The speech was written by his son-in-law, one Peter Jay, who himself was mired in scandals throughout his career. For example, the nepotism allegations after he was appointed British Ambassador to the US, his wife’s…
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