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
- The economic questions: the Amartya Sen question
on 15 November 2025 by Richard MurphyThis is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have been, Read the full article...
- Why Rachel Reeves is making a mess of thingson 15 November 2025 by Richard Murphy
I was invited onto LBC Radio this morning to discuss whether we needed a Budget. Presenter Matthew Wright, who seems to be keen to have Read the full article...
- Kings, knights and modern monetary theoryon 15 November 2025 by Richard Murphy
Most people in the UK still believe in the power of royalty — and the power of the honours system. We accept that a knighthood Read the full article...
- 300,000
on 15 November 2025 by Richard MurphySometime during the course of last night, our YouTube channel got its 300,000th subscriber. At the start of the year, that total was under 100,000; Read the full article...
- Economic questions: The David Graeber questionon 14 November 2025 by Richard Murphy
This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have been, Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Australian labour market – slight improvement after two bad monthson 13 November 2025 by bill
For the last two months, the Australian labour market has gone backwards. The deterioration seems to have stabilised in October. The Australian Bureau of Statistics (ABS) released the latest labour force data today (November 13, 2025) – Labour Force, Australia – for October 2025, which reveals a slight drop in official unemployment and underemployment and…
- Kyoto Report 2025 – 7on 11 November 2025 by bill
This Tuesday report will provide some insights into life for a westerner (me) who is working for an extended period at Kyoto University in Japan but who over the years of working here has increasingly began to understand the language and local cultural traditions. Xmas comes early in Japan For a mostly unchristian nation –…
- IMF comes late to the party but then cannot quite admit iton 10 November 2025 by bill
In an early blog post – Inflation targeting spells bad fiscal policy (October 15, 2009) – I outlined prior research that I had done on the issue of inflation targetting (IT). In my 2008 book with Joan Muysken – Full Employment abandoned – we provided further analysis on the issue. We found that there was…
- Kyoto Report 2025 – 6on 4 November 2025 by bill
This Tuesday report will provide some insights into life for a westerner (me) who is working for an extended period at Kyoto University in Japan but who over the years of working here has increasingly began to understand the language and local cultural traditions. Time is passing and the weather has now turned cold –…
- Supply-side employment services models fail and promote sociopathson 3 November 2025 by bill
One of the ways in which neoliberal dogma altered the relationship between government and the citizens in Australia was in the way employment services were delivered. Before this dogma gained traction, the Australian government operated the – Commonwealth Employment Service (CES) – which was created in 1946 as part of the grand plan to sustain…
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