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
- A food crisis is coming our way
on 4 September 2026 by Richard MurphyThe National Audit Office has issued a report this morning that says: [The UK] food supply chain faces a wide range of risks that can Read the full article...
- Europe’s energy pricing system could have devastating political consequenceson 4 September 2026 by Richard Murphy
I received an email from energy expert Mike Parr this week that should worry anyone concerned about Europe's political future. Mike, of course, comments here Read the full article...
- Beating Farageon 4 September 2026 by Richard Murphy
The FT reported this morning that: Nigel Farage has been implicated in an undercover sting that alleges that his Reform UK party knowingly sought illegal Read the full article...
- Is another October crash coming?on 4 September 2026 by Richard Murphy
October has an extraordinary history of sudden financial crashes. Six of the eight largest falls in Dow Jones history happened in October, including 1929, 1987, Read the full article...
- Is there any limit to what the poor might fund?on 3 September 2026 by Richard Murphy
Yesterday and this morning, I noted the FT's view that the poorest in our society must suffer an income loss to fund the interest they 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