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
- Might Trump fail soon?on 27 April 2025 by Richard Murphy
Simon Tisdall had this to say in The Observer this morning: Measured by willingness and capacity to harm the world’s poorest and most vulnerable, wreak Read the full article...
- What sort of Pope do we need?on 27 April 2025 by Richard Murphy
The choice of the next Pope is all about a power play between the left and right, liberals and conservatives. What Pope do we need? Read the full article...
- Keir Starmer has never understoodon 26 April 2025 by Richard Murphy
Keir Starmer is the UK's prime minister without ever understanding what the role demands, or that he has none of the required skills to undertake Read the full article...
- This weekendon 25 April 2025 by Richard Murphy
Family and friend commitments mean that today and this weekend are going to be full of distractions for me, all of which might be enjoyable, Read the full article...
- The far-right, autism, ADHD, SEND and the need to respect and celebrate diversityon 25 April 2025 by Richard Murphy
Nigel Farage was at his very worst yesterday. As The Guardian reported: Nigel Farage has claimed that doctors are “massively over-diagnosing” children with special educational Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Australian voters face a Hobson’s Choice – just like voters around the worldon 24 April 2025 by bill
Today, I am fully engaged in work commitments and so we have a guest blogger in the guise of Professor Scott Baum, who will soon be joining us at the Centre of Full Employment and Equity (CofFEE) at the University of Newcastle as a senior research fellow. Scott has been one of my regular research…
- My blog is on holiday todayon 21 April 2025 by bill
It is a public holiday in Australia today and I decided that I would use the time, which is free of workplace-type interruptions, to work on a project that has an impending (very) deadline. I also did a podcast interview with the team at Macro and Cheese on the state of American this morning. So…
- System problems resolvedon 17 April 2025 by bill
Dear Readers I apologise for the lack of connectivity over the last 36 hours or so. My research centre and related WWW pages are delivered by servers that we maintain within a larger data centre in Adelaide. On Wednesday evening sometime, that centre facility had a catastrophic power failure that took down all the racks…
- Australia labour market – sluggish as growth slowson 16 April 2025 by bill
The Australian Bureau of Statistics (ABS) released the latest labour force data today (April 17, 2025) – Labour Force, Australia – for March 2025. It revealed that the unemployment rate rose 0.1 point (on rounding) to 4.1 per cent, employment rose by 32,200 (0.2 per cent), the underemployment rate was unchanged at 5.9 per cent,…
- Does rising income inequality explain the rising support for right-wing political movements?on 14 April 2025 by bill
We know that after the Second World War, as nations embraced their major national policy statements (White Papers in many countries) to build their societies after the disruption of the War and the Great Depression, income inequality fell significantly. Since the 1970s, the post WW2 trend has been somewhat reversed in many (but not all)…
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