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.
Upcoming event: MMT Forum 2026, Fri 18 Dec, 9:30am – 6pm, ISH Venues, London
Posts from Richard Murphy at Tax Research UK
- Healey’s Budget Disasteron 28 October 2026 by Richard Murphy
John Healey’s Budget, delivered today, was a disaster. It was dull; he had nothing of consequence to say, and he showed no inclination to take Read the full article...
- What are my key issues to look for in today’s budget?on 28 October 2026 by Richard Murphy
What are my key issues to look for in today’s budget? In no particular order and with some issues undoubtedly overlooked, start with these, none Read the full article...
- This Budget will fail a basic ethical teston 28 October 2026 by Richard Murphy
John Healey has said, in advance of the Budget, that his plan is to help the UK through what he describes as a “difficult moment”. Read the full article...
- Talking about neoliberalism does not put people offon 28 October 2026 by Richard Murphy
The very active debate on neoliberalism on this blog, which arose from my appearance on a Channel 4 podcast over the weekend, has certainly captured Read the full article...
- How To Govern is on its wayon 28 October 2026 by Richard Murphy
The first version of the plan for my forthcoming book, How to Govern, appears to have been created on 31 August this year, based on Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Seminar in Tokyo – Thursday, November 29, 2026on 28 October 2026 by bill
On Thursday, November 29, 2026, I will be giving a presentation in Tokyo. The title of the seminar is: “The Need for and Feasibility of a ‘High-Pressure Economy: Determining Appropriate Levels of Investment in Light of Construction Sector Capacity'”. Read on for the details of how you can join via the live stream. The seminar…
- Kyoto Report 2026 – 5on 27 October 2026 by bill
This weekly report will provide some insights into life for a westerner (me) who is working for an extended period at Kyoto University in Japan but who over the years of working here has increasingly began to understand the language and local cultural traditions. A seeming tyranny This bit is to be interpreted as a…
- The intersection of neoliberalism and traditional Japanese values – Part 2on 26 October 2026 by bill
Neoliberalism has scammed everyone. It told citizens that if we were liberated from government regulations and government control of enterprises that delivered essential services then we would attain the best possible outcomes that were available. A barrage of messaging from media companies blatantly serving the interests of capital and think tanks masquerading as independent research…
- The intersection of neoliberalism and traditional Japanese values – Part 1on 22 October 2026 by bill
In the West, particularly the English-speaking world, neoliberalism seemed to easily replace the collectivist values of the full employment era that followed the Second World War. It constructed a world where individualism was prioritised over society, even though it claimed that society (all of us) would be better off by pursuing our own greedy interests.…
- Kyoto Report 2026 – 4on 20 October 2026 by bill
This weekly report will provide some insights into life for a westerner (me) who is working for an extended period at Kyoto University in Japan but who over the years of working here has increasingly began to understand the language and local cultural traditions. Signs I come across I had to go down into central…
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





