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
- Rachel Reeves should not open the bubbly
on 16 April 2026 by Richard MurphyAs The Guardian notes this morning: UK GDP rose by 0.5% in February, new data from the Office for National Statistics shows. That’s much stronger Read the full article...
- Why are we still handing massive unearned bungs to UK commercial banks?
on 16 April 2026 by Richard MurphyMy old friend Prem Sikka, who now sits in the House of Lords as Lord Sikka, drew my attention yesterday to a couple of answers Read the full article...
- The S&P 500 loses touch with reality
on 16 April 2026 by Richard MurphyAs the New York Times reports this morning: The S&P 500 hit a fresh record high on Wednesday, reflecting investors’ optimism that a peace deal Read the full article...
- Who is Britain’s real enemy?on 16 April 2026 by Richard Murphy
Lord George Robertson - a former Labour defence secretary, and former Secretary General of NATO - has made a claim about the UK's defence capability Read the full article...
- My first day in officeon 16 April 2026 by Richard Murphy
A commentator on this blog called Jeremy Holmes posted this question yesterday: As a non-economist I am totally – but perhaps naively – persuaded by Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Australian labour market – largely stable but dark clouds presenton 16 April 2026 by bill
The Australian Bureau of Statistics (ABS) released the latest labour force data today (APRIL 16, 2026) – Labour Force, Australia – for March 2026 – which showed that the labour market steadied after last month’ contraction. While employment growth remained positive and was dominated by full-time work gains (as part-time employment fell), the fact that…
- A structured approach for progressive political ambitions – Part 7on 13 April 2026 by bill
This is Part 7 of the short series of briefing notes that arose out of discussions I recently had in London about how a progressive political party might want to break out of the shackles that the British Labour Party has bound itself in with its obsession with fiscal rules and an adherence to the…
- A structured approach for progressive political ambitions – Part 6on 9 April 2026 by bill
This is Part 6 of the short series of briefing notes that arose out of discussions I recently had in London about how a progressive political party might want to break out of the shackles that the British Labour Party has bound itself in with its obsession with fiscal rules and an adherence to the…
- My blog is on holiday todayon 6 April 2026 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 finalise a major project that has an impending (very) deadline. So happy holidays to all not that the global events are anything to be very happy about.
- A structured approach for progressive political ambitions – Part 5on 2 April 2026 by bill
This is Part 5 of the short series of briefing notes that arose out of discussions I recently had in London about how a progressive political party might want to break out of the shackles that the British Labour Party has bound itself in with its obsession with fiscal rules and an adherence to the…
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