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
- Will Trump’s crypto bubble crash?
on 7 February 2026 by Richard MurphyBitcoin has halved in value since October, and this is not a routine market correction. It is a crash. In this video, I explain why Read the full article...
- How can we maintain the right to hold the powerful to account?
on 7 February 2026 by Richard MurphyThere is a slight sense of being overwhelmed this morning. We have lived through a tumultuous week. Through it all, attention has been paid to Read the full article...
- The Cambridge eventon 7 February 2026 by Richard Murphy
I was told last night that the tickets for our event in Cambridge are sold out. We are now seeing whether we can expand capacity Read the full article...
- Work is the curse of the social media classeson 6 February 2026 by Richard Murphy
Please accept my apologies for the slowness in moderation today. There are two very good reasons for this. One is that lots of you commented, Read the full article...
- Will Trump’s bubble burst with crypto?on 6 February 2026 by Richard Murphy
As The Guardian has noted: Bitcoin’s price sank to $63,000 on Thursday, its lowest level in more than a year, and half its all-time peak Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- RBA bows to financial market pressure and boost bank profits at the expense of low-income mortgage holderson 5 February 2026 by bill
The Reserve Bank of Australia (RBA) increased the policy rate by 0.25 points on Tuesday and claimed that it was because the inflationary outlook was in danger of accelerating out of control as a result of excessive demand pressures. This followed last week’s CPI release which showed the December increase to be 0.96 points. When…
- Japan’s Government Pension Investment Fund and the yen – mainstream macro myths driving bad policyon 2 February 2026 by bill
With a national election approaching in Japan (February 8, 2026), there has been a lot of discussion about the so-called ‘weak yen’ and whether the Bank of Japan should be intervening to manage the value of the currency on international markets. PM Takaichi has been quoted as saying that the weak yen is good for…
- Japan goes to an election accompanied by a very confused economic debateon 29 January 2026 by bill
These notes will serve as part of a briefing document that I will send off to some interested parties in Japan. Japan is about to go to the poll for a snap national election on February 8. The recently installed Prime Minister, Ms Takaichi is betting that her recent solid showing in the polls will…
- Recent extended discussion with RadioMMT – Part 1on 26 January 2026 by bill
It is a public holiday in Australia today celebrating our national day – the day that the colonial powers of Britain first decided to set us up as a penal colony because they had run out of prison space in the old country due to the massive incarceration rates following the enclosures. The impoverished small…
- Australian labour market – stronger as employment growth outstrips the growth in the working age populationon 22 January 2026 by bill
Today (January 22, 2026), the Australian Bureau of Statistics (ABS) released the latest labour force data – Labour Force, Australia – for December 2025 – which showed a relatively strong increase in employment and the rising participation rate – both good signs. Taken together the demand-side of the labour market outstripped the growth in 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