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
- Inforgraphic: How banks create money
on 15 August 2026 by Richard MurphyThis is another of the infographics that took time and quite a lot of effort to get right, or at least as good as I Read the full article...
- Why aren’t young people taught the important things in life?
on 15 August 2026 by Richard MurphyIn this podcast, I am joined by my elder son, James, to ask a deceptively simple question: why do schools prepare young people for examinations Read the full article...
- Is Farage still in the bin?on 14 August 2026 by Richard Murphy
Nigel Farage won Clacton. But did his unnecessary by-election actually make his political problems worse? Farage beat Count Binface after calling an election that cost Read the full article...
- When will tipping points be reached?on 14 August 2026 by Richard Murphy
Since waking rather early this morning, and without the benefit of any alarm clock, Nigel Farage's by-election result (I hesitate to call it a victory) Read the full article...
- Understanding economics: What is microeconomics?
on 14 August 2026 by Richard MurphyWhat is microeconomics really about? Conventional economics usually puts markets at the centre of the answer. It assumes that individuals make rational choices and that Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Radio MMT – Episode 79 Bill Mitchell: Marx & Socialismon 12 August 2026 by bill
I am travelling most of today and have commitments at the other end. So I have meaning to post his podcast I did with Melbourne radio station 3CR in July, so today is a good time to make it available here. As I understand it, this is an edited version of a longer talk that…
- Alt protein is the way forward and China is already well ahead of the rest who are infested with destructive neoliberal ideologyon 12 August 2026 by bill
With the Rhine drying up and grass turning brown all over Europe (including the UK), even conservative bodies such as the ECB are starting to take notice and comment. On July 2, 2026, a member of the Executive Board, Frank Elderson gave a speech to the 7th World Congress of Environmental and Resource Economists –…
- Be thankful for small mercies – proposed cut in Japan’s sale taxon 10 August 2026 by bill
Most of the economics commentary in the last few weeks about Japan has been about the need for higher interest rates or, relatedly, the ‘desperate’ foreign exchange intervention where the US allegedly bailed out Japan to prevent currency failure. All side issues really. The forex intervention said more about US paranoia than anything about Japan’s…
- Japan’s proposed investment boost will not run out of yenon 5 August 2026 by bill
The prophets of doom (Japan division) are back in town predicting the worst for the country. The UK Guardian even is getting in on the act (July 25, 2026) – Can Japan avoid a Liz Truss-style shock as its PM embarks on a giant spending spree?. It is interesting now that the prophets have a…
- A shift to fiscal surplus in Australia would amount to a criminal act by governmenton 3 August 2026 by bill
The former head of the Australian Treasury claims that: “Everybody knows the budget should be in surplus right now.” Well last time I checked I was still part of the body of humanity and I don’t know that. In fact, the fiscal balance is currently recording a deficit (which should be referred to as a…
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