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
- It’s different this time
on 30 July 2026 by Richard MurphyThe FTSE 100 is at a record high this morning: War. Oil shortages. The risk of recession. Climate breakdown. None of those matter apparently. All Read the full article...
- The stupidity of supermarket bosses
on 30 July 2026 by Richard MurphyThe Telegraph has reported this morning that: Wildfires and extreme weather are putting Britain’s food supplies at risk, the bosses of Britain’s biggest supermarkets have Read the full article...
- War is not going away. Nor is the risk of recession
on 30 July 2026 by Richard MurphyNetanyahu is in the USA right now. His aim is to get Trump to continue and even expand the futile war on Iran that these Read the full article...
- Your opinion is sought
on 30 July 2026 by Richard MurphyI have posted an infographic on the household analogy this morning, but as part of our experimentation on how to turn these infographics into carousel Read the full article...
- Infographic: The household analogy
on 30 July 2026 by Richard MurphyThis is the fifth in this series of infographics on the basics of economics. Others in the series are: Economics Microeconomics Macroeconomics Political economy How Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- 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…
- Proposed pension reform in Japan (and elsewhere) misses the pointon 16 July 2026 by bill
Earlier this year, I analysed how decisions taken by the Japanese Government Pension Investment Fund to speculate in global financial markets have played a significant role in the depreciation of the yen. In this blog post – Japan’s Government Pension Investment Fund and the yen – mainstream macro myths driving bad policy (February 2, 2026)…
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