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
- Human beings must be judged by their actions
on 27 April 2026 by Richard MurphyThere are videos and blog posts I can write and publish without spending much time thinking about the risks involved. Yesterday‘s video, in which I Read the full article...
- We need an Office for National Statistics that understands both economics and accounting
on 27 April 2026 by Richard MurphyThe Financial Times noted something this morning deeply hidden within data published by the Office for National Statistics. This unnoticed data is represented by this Read the full article...
- The dinosaurs might be out this week, but their era has passed
on 27 April 2026 by Richard MurphyLet’s ignore the fact that the UK monarchy is less popular now than it has probably ever been. Let’s ignore the fact that it is Read the full article...
- Tax wealth nowon 27 April 2026 by Richard Murphy
The world is facing a financial crisis because we will be facing absolute shortages of oil, food, and raw materials very soon. And that changes Read the full article...
- Labour’s toxic racismon 26 April 2026 by Richard Murphy
I note this from this morning's National newspaper in Scotland: NEW research has suggested that the UK Government’s planned changes to immigration and settlement rules risk Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- My blog is on holiday todayon 27 April 2026 by bill
Today is a public holiday (ANZAC Day) where we remember the efforts of our past generations who fought in wars. This used to be a rather sombre day when some reflections were in order about the men and women who died ‘defending’ our nation. However, it is now a full-on, merch-driven, commercialised glorification of war…
- Robert Skidelsky death – some recollectionson 23 April 2026 by bill
The biographer of Keynes in three volumes – Robert Skidelsky – died on April 15, 2026 at the age of 84. As I explain below, Skidelsky was what we consider to be a mainstream ‘deficit dove’, who are Keynesian and Post Keynesian economists that are comfortable with using fiscal deficits to increase economic activity when…
- A classic case of the Australian government denying that it is the Australian governmenton 20 April 2026 by bill
Most of the examples of fiscal austerity leave one puzzled as a result of the sheer myopia that is usually present – the ‘save a penny today to spend a dollar tomorrow’ sort of nonsense that history tells us repeats when governments try to reduce spending in areas that it should not. But sometimes one…
- Australian labour market – largely stable but dark clouds presenton 16 April 2026 by bill
The Australian Bureau of Statistics (ABS) released the latest labour force data today (APRIL 16, 2026) – Labour Force, Australia – for March 2026 – which showed that the labour market steadied after last month’s contraction. While employment growth remained positive and was dominated by full-time work gains (as part-time employment fell), the fact that…
- A structured approach for progressive political ambitions – Part 7on 13 April 2026 by bill
This is Part 7 of the short series of briefing notes that arose out of discussions I recently had in London about how a progressive political party might want to break out of the shackles that the British Labour Party has bound itself in with its obsession with fiscal rules and an adherence to the…
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