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
- Traffic, trends and experimentation
on 3 August 2026 by Richard MurphyIt is, as anybody who monitors their performance on the basis of statistics knows, easy to get down when your data does not match your Read the full article...
- EY has noticed there’s a war in the Gulfon 3 August 2026 by Richard Murphy
As The Guardian notes this morning: EY has kicked off the week with a warning that the UK could fall into recession next year if the Read the full article...
- There is no news from a government that’s in office but on holiday during a crisison 3 August 2026 by Richard Murphy
It is August, and it is not true to say there is no news, but there is certainly less of it bering rwported. Donald Trump Read the full article...
- The madness of SpaceX
on 3 August 2026 by Richard MurphyDo you remember all the hype about the SpaceX share offering and how maybe 100,000 people in the UK struggled to buy shares on launch Read the full article...
- Infographic: Capitalism
on 3 August 2026 by Richard MurphyAfter Marxism, this felt necessary: How to expand this image If you press CTRL or Command and Plus (+) on your keyboard, your browser should Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- A shift to fiscal surplus in Australia would amount to a criminal act by governmenton 3 August 2026 by bill
The former head of the Australian Treasury claims that: “Everybody knows the budget should be in surplus right now.” Well last time I checked I was still part of the body of humanity and I don’t know that. In fact, the fiscal balance is currently recording a deficit (which should be referred to as a…
- RBA governor makes another self-serving public presentation ignoring the dismal reality she is helping to createon 30 July 2026 by bill
Earlier this week (July 28, 2026), the Governor of the Reserve Bank of Australia presented to a fundraising event in Sydney on the topic of – Monetary Policy in an Era of Shocks. Later she conducted a Q&A session where she declined to answer key questions about the policy choices the RBA has taken under…
- Another neoliberal institution shown to be unfit for purpose while lining the pockets of private equity and millionaireson 27 July 2026 by bill
Over the last several years, I have been indicating that I think we are in the endgame for neoliberalism as a dominant ideology. On many fronts, the signs are that its institutional structure has failed and the promises that justified that structure have not materialised. I know there is a difference between the promises to…
- Australian labour market – shifts towards part-time work perhaps the first signal that a contraction is comingon 23 July 2026 by bill
The Australian Bureau of Statistics (ABS) released the latest labour force data today (July 23, 2026) – Labour Force, Australia – for June 2026 – which provided mixed signals about the state of the labour market. While employment growth was positive, it was biased to part-time work, which is perhaps signalling a weakening as the…
- CEO pay excess in Australia continueson 20 July 2026 by bill
In addition to the basis academic research that occupies my working time and is funded by national competitive research funding agencies such as the Australian Research Council, I also do commissioned work for various organisations, mostly unions and community groups. That income allows me to also cross subsidise the basic research and is how a…
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