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
- Politics for People and the political economy of care: the core principles
on 4 February 2026 by Richard MurphyOne of the reasons why debate here at Funding the Future has focused so heavily on issues around the term the politics of care, and its Read the full article...
- Politics for People – and why we have chosen the phraseon 4 February 2026 by Richard Murphy
To continue the story of the narrative we are developing to explain the politics of care in a way that is easier for people to Read the full article...
- The Cambridge event
on 4 February 2026 by Richard MurphyI referred to our Cambridge event in a post here last Saturday. We have sold many tickets since then. There are only around 30 left Read the full article...
- Why didn’t the media go for Mandelson before now?on 4 February 2026 by Richard Murphy
Some of what is now being said about Peter Mandelson has long been known. That is why questions about who knew what, when and why Read the full article...
- There are no disposable peopleon 4 February 2026 by Richard Murphy
I am sharing this from ‘The World’ newsletter from the New York Times this morning. In it, the newsletter’s editor, Katrina Bennhold (who seems like Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Japan’s Government Pension Investment Fund and the yen – mainstream macro myths driving bad policyon 2 February 2026 by bill
With a national election approaching in Japan (February 8, 2026), there has been a lot of discussion about the so-called ‘weak yen’ and whether the Bank of Japan should be intervening to manage the value of the currency on international markets. PM Takaichi has been quoted as saying that the weak yen is good for…
- Japan goes to an election accompanied by a very confused economic debateon 29 January 2026 by bill
These notes will serve as part of a briefing document that I will send off to some interested parties in Japan. Japan is about to go to the poll for a snap national election on February 8. The recently installed Prime Minister, Ms Takaichi is betting that her recent solid showing in the polls will…
- Recent extended discussion with RadioMMT – Part 1on 26 January 2026 by bill
It is a public holiday in Australia today celebrating our national day – the day that the colonial powers of Britain first decided to set us up as a penal colony because they had run out of prison space in the old country due to the massive incarceration rates following the enclosures. The impoverished small…
- Australian labour market – stronger as employment growth outstrips the growth in the working age populationon 22 January 2026 by bill
Today (January 22, 2026), the Australian Bureau of Statistics (ABS) released the latest labour force data – Labour Force, Australia – for December 2025 – which showed a relatively strong increase in employment and the rising participation rate – both good signs. Taken together the demand-side of the labour market outstripped the growth in the…
- AI is is fast becoming another control tool of capitalismon 19 January 2026 by bill
My friend Alan Kohler, who is the finance presenter at the ABC, wrote an interesting article today about AI (January 19, 2026) – AI platforms like Grok are an ethical, social and economic nightmare — and we’re starting to wake up – in which he argued that while he thought climate change was “humanity’s biggest…
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