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
- Labour’s cry babieson 11 September 2024 by Richard Murphy
Reports suggest that there were Labour MPs crying in the lobbies of the House of Commons yesterday as they voted to remove the winter fuel Read the full article...
- As the July GDP data proves, nothing really changed that monthon 11 September 2024 by Richard Murphy
The monthly ritual of the publication of GDP data took place this morning. The Office for National Statistics summarised the situation as follows: Monthly real Read the full article...
- How can you be a politician without a cause?on 11 September 2024 by Richard Murphy
One of this blog's more regular commentators, Andy Crow, said this on the blog overnight, talking about the submission I made to the House of Read the full article...
- Labour should be picking on tax cheatson 11 September 2024 by Richard Murphy
In this morning's video, I argue that instead of picking on children in poverty and pensioners needing support with fuel bills to pay the price Read the full article...
- Labour MPs voted for geronticideon 10 September 2024 by Richard Murphy
I posted this Tweet this afternoon: Geronticide is the killing or euthanasia of the elderly. Since it is reasonably anticipatable that the number of elderly Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Modern Monetary Theory: Economics for the 21st Century – MOOC – now available via MMTed.orgon 10 September 2024 by bill
I am travelling all day tomorrow so I am bringing forward the normal blog post to today. I am pleased to announce that from today the MMT MOOC which we ran through the University of Newcastle’s edX facility over the last few years is now available through MMTed on an on-going basis. Read on to…
- Treasurer-central bank stoush – a case of the pot calling the kettle blackon 9 September 2024 by bill
The Reserve Bank of Australia has certainly attracted headlines this last week or so starting with the claim by the Federal Treasurer that the monetary policy stance is “smashing the economy” (Source), while a past Labor Treasurer and now Labour Party National President (Wayne Swan) was much more openly critical of the RBA conduct over…
- Episode 5 of the Smith Family Manga (Season 2) is now available – the Finance Report hots upon 6 September 2024 by bill
Today (September 6, 2024), MMTed releases Episode 5 in the Second Season of our Manga series – The Smith Family and their Adventures with Money. Have a bit of fun with it while learning Modern Monetary Theory (MMT) and circulate it to those who you think will benefit … The Smith Family are a middle-class…
- Delinking and degrowthon 5 September 2024 by bill
One of the issues that some on the Left raise when the topic ‘degrowth’ enters the conversation relates to the sense of elitism from the wealthy nations, which can now indulge in a bit of non-material aspiration amidst the large houses, two-or-three car garages, speed boats, lycra-clad journeys to coffee shops on $10,000 bicycles designed…
- Australian National Accounts – 3 months ago the economy was barely moving – it will be worse nowon 4 September 2024 by bill
Today (September 4, 2024), the Australian Bureau of Statistics released the latest – Australian National Accounts: National Income, Expenditure and Product, June 2024 – which shows that the Australian economy grew by just 0.2 per cent in the June-quarter 2024 and by just 1 per cent over the 12 months (down from 1.5 per cent).…
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)
- MMT France (En français)