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 Finance Curse – launch event
on 22 August 2026 by Richard MurphyThe Finance Curse film is coming: The Finance Curse film gets its first public screening at Sands Film Studio, London, on Tuesday 8th September. The Read the full article...
- LBC: This morning
on 22 August 2026 by Richard MurphyI have just finished a live broadcast on LBC Radio with Matthew Wright, discussing whether we should worry about the UK’s national debt approaching £3 Read the full article...
- What is the economy for?on 22 August 2026 by Richard Murphy
I had the pleasure of being a guest on Professor Radhika Desai’s Geopolitical Economy podcast for a discussion earlier this week. The discussion was based on open-minded Read the full article...
- Understanding Economics: What are the real resources in an economy?
on 22 August 2026 by Richard MurphyMost people think economics is about money. It isn't. Economics begins with something much more fundamental: resources. Every society has limited resources and must decide Read the full article...
- The hard problem of economicson 21 August 2026 by Richard Murphy
In a recent post, I discussed what is in philosophy termed 'the hard problem'. I did so in the context of recent discussion on ADHD. Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Australian labour market – unemployment continues to rise as a deliberate policy choiceon 20 August 2026 by bill
Last month, I noted that the sharp shift towards part-time work was the first signal that a labour market contraction was coming. The latest data released today confirms that the contraction is now eating into overall employment and pushing the unemployment rate up. The Australian Bureau of Statistics (ABS) released the latest labour force data…
- Real wages in Australia decline for the third consecutive quarteron 19 August 2026 by bill
Today (August 19, 2026), the Australian Bureau of Statistics released the latest – Wage Price Index, Australia – for the June-quarter 2026, which shows that the aggregate wage index rose by 3.2 per cent over the 12 months down from 3.4 per cent in the March-quarter. With the annual inflation rate for the June-quarter came…
- ECB research paper continues to deny that bond buying programmes essentially funded the Eurozone governmentson 17 August 2026 by bill
The ECB recently published in their Occasional Paper Series the following report (No. 397) – Prohibition of monetary financing: an economic perspective – which purports to justify the current practice of central banks of not directly buying the debt issued by their governments, despite many central banks at various times since this practice became the…
- 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 –…
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