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
- Scotland in a time of chaos
on 6 April 2026 by Richard MurphyI have an article in The National this morning that I open by saying: IT is my wife’s belief that, as a man of a Read the full article...
- On the brink of disasteron 6 April 2026 by Richard Murphy
It could be argued that I have said all that is necessary about my fear concerning the attack that Trump is threatening on Iran, but Read the full article...
- The modern age of unreasonon 6 April 2026 by Richard Murphy
Is the Enlightenment being reversed? Are we going backwards in our thinking? Will Trump take us back to the Stone Age, as he threatens, in Read the full article...
- The EU’s inappropriate response to the coming economic crisison 6 April 2026 by Richard Murphy
The Financial Times has reported that EU officials are urging governments to prevent member states from offering support to households and businesses in response to the latest Read the full article...
- Have economists got Adam Smith completely wrong?on 6 April 2026 by Richard Murphy
Neoliberalism claims Adam Smith as its founding father, but that claim is built on a lie. Smith's first great work, The Theory of Moral Sentiments (1759), Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- My blog is on holiday todayon 6 April 2026 by bill
It is a public holiday in Australia today and I decided that I would use the time, which is free of workplace-type interruptions, to finalise a major project that has an impending (very) deadline. So happy holidays to all not that the global events are anything to be very happy about.
- A structured approach for progressive political ambitions – Part 5on 2 April 2026 by bill
This is Part 5 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…
- The Manosphere fills a void created by neoliberalism which has been largely ignored by progressiveson 30 March 2026 by bill
Over the weekend just gone I took some time to watch the latest Louis Theroux documentary – Louis Theroux: Inside the Manosphere – which relates how far we have gone in reverse with attitudes that men hold towards women. This blog post is not intended to be a review of that film but rather my…
- New Green-linked report in Britain avoids the critical issueon 26 March 2026 by bill
I read a new Report this morning – Waste Not – that was published by a new unit in Britain called Verdant, which seems to have links to the England and Wales Green Party. The work is interesting and raises several issues that bear on how government fiscal policy should be assessed. The issues I…
- A structured approach for progressive political ambitions – Part 4on 23 March 2026 by bill
This is Part 4 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