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
- There is no shortage of work in Britain; there is just a shortage of funding to do it.
on 6 September 2026 by Richard MurphyJacqueline and I were out yesterday, deliberately looking at the work from different directions. Aside from birdwatching, our main focus was the economics of attention, Read the full article...
- Infographic: Quantitative easing
on 6 September 2026 by Richard MurphyHow to expand this image If you press CTRL or Command and the Plus (+) key on your keyboard, your browser should increase the size Read the full article...
- What will ministers do?
on 6 September 2026 by Richard MurphyThe port of Dover was shut yesterday morning by protesters, all of whom appeared to be male, all of whom were wearing black, and all Read the full article...
- The housing ladder is brokenon 6 September 2026 by Richard Murphy
Why has buying a home become so difficult for young people in Britain? In this Funding the Future podcast, I talk to my son James Read the full article...
- There’s revolution in the airon 5 September 2026 by Richard Murphy
There is one word that I have encountered many times over the last week or so. It is revolution. I decided to write a video Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Latest Australian national accounts data provide no justification for further interest rate riseson 3 September 2026 by bill
I am travelling a lot today and so this is just a brief reflection on the response in the media to yesterday’s National Account release from the Australian Bureau of Statistics. The reaction from the mainstream media has been rather incredulous with most commentators claiming in the most lurid terms that the figures mean that…
- Australian national accounts – subdued conditions continue amidst an EV purchasing boomon 2 September 2026 by bill
The Australian Bureau of Statistics (ABS) released the latest – Australian National Accounts: National Income, Expenditure and Product, June 2026 – today (September 2, 2026). This data is now starting to reflect the full impacts of the Middle East disruptions and the interest rate impacts arising from the recent hikes in rates from the RBA.…
- Why do we support political inaction that undermines our well-being?on 31 August 2026 by bill
I have been very sad in the last week or so as the news of the environmental devastation and its impact on human life in Nepal has steadily infiltrated our attention. The causes of that disaster are many but overwhelmingly point to the impact of climate change on the Himalayan permafrost and glacial lakes, which,…
- Government debt hysteria relies on acceptance of a totally unnecessary administrative practiceon 26 August 2026 by bill
As a followup on Monday’s blog post – Australian government debt approaching $A1 trillion – who cares? Everybody it seems but me (August 24, 2026) – there is an additional aspect of the hysteria around government debt levels that was implicit in that post but bears more detailed discussion. What I am writing today is…
- Australian government debt approaching $A1 trillion – who cares? Everybody it seems but meon 24 August 2026 by bill
The neoliberal era has made humanity progressively crazy when it comes to currency matters. At the moment, this trend seems to have reached new heights of absurdity. I note that the US government is now buying up its own debt with more debt as a cover for the stupidity that its President and his lackeys…
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