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 Bank of England ‘quiz’. So many questions, and so few good answers.on 23 January 2025 by Richard Murphy
I watched the Bank of England video and quiz on a website called LadBible. I wrote about this here last week. The video is about Read the full article...
- Trump is unleashing terroron 23 January 2025 by Richard Murphy
I could spend some time trying to analyse what Trump has done during his first couple of days in office. Alternatively, I can note the Read the full article...
- Is Labour now the worst government of the last fifteen years?on 23 January 2025 by Richard Murphy
There are three over-arching themes to the news this morning. The first is the toxicity of the UK's media. I have already noted that. The Read the full article...
- The Sun’s senior management need their own day in courton 23 January 2025 by Richard Murphy
In a morning when many stories demand attention, I think it is important to note the victory the Duke of Sussex and Tom (Lord) Watson Read the full article...
- The curse of the household analogyon 23 January 2025 by Richard Murphy
Politicians claim countries must be run like households, and that’s completely wrong. In fact, most often, the exact opposite is true. This is the audio Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Field trip to the Philippines – Reporton 22 January 2025 by bill
I have been working in Manila this week as part of a ‘knowledge sharing forum’ at the House of Representatives which was termed ‘Pathways to Progress Transforming the Philippine Economy’ that was run by the Congressional Policy and Budget Research Department, attached to the Congress (Government). I am also giving a presentation at De La…
- ECB research shows that interest rate hikes push up rents and damage low-income familieson 20 January 2025 by bill
I have been arguing throughout this latest inflationary episode that the central bank rate hikes were actually introducing inflationary pressures through a number of channels, the most notable one in the Australian context being the rental component in the Consumer Price Index. The RBA has categorically denied this perversity in their policy approach, and, instead,…
- Episode 10 (S2) of the Smith Family Manga is now available – Coal Port Blockade but the progressives want to tax the richon 16 January 2025 by bill
Today (January 17, 2025), MMTed releases Episode 10 in the Second Season of our Manga series – The Smith Family and their Adventures with Money. Have a bit of fun with it while learning Modern Monetary Theory (MMT) and circulate it to those who you think will benefit. The Smith Family is a middle-class family…
- Australian labour market – employment continues to grow but it is all in part-time jobs – unemployment up a tickon 16 January 2025 by bill
Today (January 16, 2025), the Australian Bureau of Statistics released the latest – Labour Force, Australia – for December 2024. Employment growth was relatively strong but concentrated on part-time employment, which suggests the quality of employment fell. Employment growth was also unable to keep pace with the underlying population growth and the rising participation rate…
- Fake news is not just the practise of the Righton 13 January 2025 by bill
The daily nonsense that economics journalists pump out in search of sales for their newspapers is nothing new and one would think I would be inured to it by now. But I still am amazed how the same old lies are peddled when the empirical world runs counter to the narratives. I know that 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)