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
- Keir Starmer does not know what he believes – but has achieved his goal
on 9 February 2026 by Richard MurphyThe morning media coverage suggests that Keir Starmer now has only one way to survive as leader of the Labour Party. He must, apparently, finally Read the full article...
- Rule by a single party in Westminster is no longer credible. What’s next?on 9 February 2026 by Richard Murphy
Something tilted in my way of thinking yesterday afternoon when I heard the news that Morgan McSweeney had resigned as Keir Starmer’s chief of staff. Read the full article...
- When will Keir Starmer leave office?on 9 February 2026 by Richard Murphy
This poll is posted out of genuine curiosity and in anticipation of filming a video this morning. When do you think Keir Starmer is most Read the full article...
- The US is funding our far-righton 9 February 2026 by Richard Murphy
New reporting shows the US State Department planning to fund MAGA-aligned think tanks, charities, and political movements in Europe. That includes organisations and figures linked Read the full article...
- The costs of Labour’s chaoson 8 February 2026 by Richard Murphy
As I expected, Morrgan McSweeney has gone. I remain quite sure that Starmer will go. And in the short term, there will be a cost Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Upcoming London visit and public event detailson 9 February 2026 by bill
I will be working in the UK from February 19 to February 28, 2026. I have a range of activities mostly of a non-public nature ranging from meetings with publishers, a meeting with Jeremy Corbyn, and some other research-related meetings. I will also be speaking at the launch of the new Modern Monetary Theory (MMT)…
- Australian government aids and abets the view of a person implicated for inciting genocideon 9 February 2026 by bill
The Australian government has made an extraordinary decision to deeply divide the Australian community under the guise of advancing social cohesion and bringing us all together. How such a patently stupid political decision could be made by educated adults is beyond comprehension. Once again this is not one of my typical blog posts where I…
- RBA bows to financial market pressure and boost bank profits at the expense of low-income mortgage holderson 5 February 2026 by bill
The Reserve Bank of Australia (RBA) increased the policy rate by 0.25 points on Tuesday and claimed that it was because the inflationary outlook was in danger of accelerating out of control as a result of excessive demand pressures. This followed last week’s CPI release which showed the December increase to be 0.96 points. When…
- 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…
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