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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.

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Posts from Richard Murphy at Tax Research UK

  • The contemptuous games that Labour plays
    on 18 April 2025 by Richard Murphy

    As The Guardian notes this morning: Ministers are scrambling to avoid a damaging rebellion this summer when MPs vote on controversial cuts to disability benefit Read the full article...

  • Is Trump about to end democracy in the USA?
    on 18 April 2025 by Richard Murphy

    Will Trump invoke the Insurrection Act of 1807 to enforce his rule, via a militia if need be, ending democracy in the USA in the Read the full article...

  • Something to look forward to
    on 18 April 2025 by Richard Murphy

    The Guardian reports this morning that: Donald Trump has said he is expecting to travel to to the UK in September for his second state Read the full article...

  • The curse of pleonexia
    on 17 April 2025 by Richard Murphy

    Wikipedia explains the word pleonexia like this: Pleonexia, sometimes called pleonexy, originating from the Greek πλεονεξία, is a philosophical concept which roughly corresponds to greed, covetousness, or avarice, and Read the full article...

  • We are living in a fucked up world
    on 17 April 2025 by Richard Murphy

    As the Guardian notes: A third of school staff have seen “physical underdevelopment” in students due to poverty, with schools in England stretching their budgets Read the full article...

More from Richard Murphy @ taxresearch.org.uk

Posts from Bill Mitchell – Modern Monetary Theory

  • System problems resolved
    on 17 April 2025 by bill

    Dear Readers I apologise for the lack of connectivity over the last 36 hours or so. My research centre and related WWW pages are delivered by servers that we maintain within a larger data centre in Adelaide. On Wednesday evening sometime, that centre facility had a catastrophic power failure that took down all the racks…

  • Australia labour market – sluggish as growth slows
    on 16 April 2025 by bill

    The Australian Bureau of Statistics (ABS) released the latest labour force data today (April 17, 2025) – Labour Force, Australia – for March 2025. It revealed that the unemployment rate rose 0.1 point (on rounding) to 4.1 per cent, employment rose by 32,200 (0.2 per cent), the underemployment rate was unchanged at 5.9 per cent,…

  • Does rising income inequality explain the rising support for right-wing political movements?
    on 14 April 2025 by bill

    We know that after the Second World War, as nations embraced their major national policy statements (White Papers in many countries) to build their societies after the disruption of the War and the Great Depression, income inequality fell significantly. Since the 1970s, the post WW2 trend has been somewhat reversed in many (but not all)…

  • US cars don’t sell in Japan because they are inferior and ill-suited to the market
    on 10 April 2025 by bill

    It’s obviously becoming difficult to keep track of where the US government policy is on any particular day. Last week, it was ‘Liberation Day’, which included tariffs being imposed on remote penguin colonies in the back of nowhere, then Musk labelling the Trump’s trade adviser ‘dumber than a sack of bricks’, then tariffs on Chinese…

  • US government is pinning its tariff hopes on some unlikely to be realised assumptions
    on 7 April 2025 by bill

    Last week, the US President honoured his election promise, indeed his long-held commitment, to increase tariffs on imported goods and services to the US. The formula they came up to differentiate between countries was bizarre but I don’t intend commenting on that here, except to say, the imposition of tariffs on the – Heard Island…

More Bill Mitchell @ billmitchell.org

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