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
- Why pick on Chris Packham?
on 12 August 2026 by Richard MurphyAs I have already noted today, The Times has chosen to question whether Chris Packham is really autistic, despite the fact that he has a Read the full article...
- Why we have constructed a society so prejudiced against autistic people?on 12 August 2026 by Richard Murphy
The background The Times published an interview this week with Dame Uta Frith, one of the UK’s best-known researchers on autism, in which she made an Read the full article...
- Infographic: Bonds
on 12 August 2026 by Richard MurphyI was asked to do this one: Please also look at the glossary entries on bonds, bond markets and bond vigilantes, as well as my Read the full article...
- Debate Ammunition: Is Russia Really a Military Threat?on 12 August 2026 by Richard Murphy
THE RICHARD J MURPHY YOUTUBE CHANNEL DEBATE AMMUNITION Is Russia Really a Military Threat? Funding the Future | August 2026 Topic Whether Russia poses a Read the full article...
- Is Russia really a threat?
on 12 August 2026 by Richard MurphyBritain is being told to fear a Russian invasion and spend accordingly. The evidence says otherwise. Russia is losing an estimated 30,000 soldiers a month Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Alt protein is the way forward and China is already well ahead of the rest who are infested with destructive neoliberal ideologyon 12 August 2026 by bill
With the Rhine drying up and grass turning brown all over Europe (including the UK), even conservative bodies such as the ECB are starting to take notice and comment. On July 2, 2026, a member of the Executive Board, Frank Elderson gave a speech to the 7th World Congress of Environmental and Resource Economists –…
- Be thankful for small mercies – proposed cut in Japan’s sale taxon 10 August 2026 by bill
Most of the economics commentary in the last few weeks about Japan has been about the need for higher interest rates or, relatedly, the ‘desperate’ foreign exchange intervention where the US allegedly bailed out Japan to prevent currency failure. All side issues really. The forex intervention said more about US paranoia than anything about Japan’s…
- Japan’s proposed investment boost will not run out of yenon 5 August 2026 by bill
The prophets of doom (Japan division) are back in town predicting the worst for the country. The UK Guardian even is getting in on the act (July 25, 2026) – Can Japan avoid a Liz Truss-style shock as its PM embarks on a giant spending spree?. It is interesting now that the prophets have a…
- 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…
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