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
- Was Starmer’s speech this morning racist?on 12 May 2025 by Richard Murphy
I put Starmer's speech, made this morning, into Ghapt GPT and asked: Is this speech racist? If so, why? The reply was: Thank you for Read the full article...
- How dare Keir Starmer tell my family that we have caused incalculable damage to the UK?on 12 May 2025 by Richard Murphy
These are Guardian headlines, published late this morning: I find these words exceptionally difficult to note when said by someone who claims to have the Read the full article...
- KPMG, P&O, and the state of UK company lawon 12 May 2025 by Richard Murphy
I only talk about auditing on this blog every now and again, even though the role of the auditor is absolutely fundamental to the operation Read the full article...
- Rarely have people so stupid done so much harmon 12 May 2025 by Richard Murphy
As The Guardian reports this morning: UK employers laid off staff in April at a faster pace than the previous month as the combination of Read the full article...
- Labour is playing to the fascists whilst hurting hundreds of thousands of people.on 12 May 2025 by Richard Murphy
As the BBC has reported: Care workers will no longer be recruited from overseas as part of a crackdown on visas for lower-skilled workers, the Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- I wonder how progressives are viewing the fact that they gave credence to a key Trump operativeon 12 May 2025 by bill
It’s a big data week for me and today’s post is more of a news information offering rather than a deeper analysis of a topic, which is my usual pattern. However, I discuss in some detail recent appointments to the US Health Administration, some of which were prominent during the early COVID years and received…
- The intersection of neoliberalism and fictional mainstream economics is damaging a generation of Japanese workerson 8 May 2025 by bill
The – Japanese asset price bubble – burst in spectacular fashion in late 1991 (early 1992) following five years in which the real estate and share market boomed beyond belief. The boom coincided with a period of over-the-top neoliberal relaxation of banking rules which encouraged wild speculation. The origins of the boom can be traced…
- Australia is not America – elections after Trumpon 5 May 2025 by bill
Last week, the – 2025 Canadian federal election – was held and the Liberal Party won for the fourth consecutive time securing 169 seats (in the 343-seat House of Commons), just short of a majority. They also won the popular vote (43.7 per cent of the vote – up 11.1 per cent), which was the…
- It’s International Workers’ Day todayon 1 May 2025 by bill
Today, on May 1, we celebrate – International Workers’ Day – which is a “celebration of labourers and the working classes” and keeps the hope alive that solidarity can prevail and together we can turn the ship around. So raise our glasses! Clink. Clink.
- US National Accounts – growth contracts but likely to be temporaryon 1 May 2025 by bill
People are closely watching the US data at present to see what the impacts of the recent tariff decisions by the new US President might have. I am no exception. Yesterday (April 30, 2025), the US Bureau of Economic Analysis published the latest US National Accounts figures – Gross Domestic Product, 1st Quarter 2025 (Advance…
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