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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

Posts from Bill Mitchell – Modern Monetary Theory

  • Shipping disruptions unlikely to precipitate another inflation surge
    on 9 October 2024 by bill

    It’s Wednesday and while I usually have a few topics to discuss, today I am concentrating on the recent disruptions to shipping channels and the likely impact on inflation. I was also hoping to post a video of the recent launch of my new book with Warren Mosler in Melbourne on September 12, 2024 but…

  • Kyoto Report 2024 – 1
    on 8 October 2024 by bill

    This Tuesday report will provide some insights into life for a westerner (me) who is working for an extended period at Kyoto University in Japan. Well I am back in Kyoto for an extended period and it is unseasonably hot and humid for October. It seems that the warm weather will endure throughout October at…

  • IMF surcharges cripple the poorest nations and transfer wealth from the poorest to the richest nations
    on 7 October 2024 by bill

    I am now working in Kyoto again and have a full day’s commitments ahead of me. But as part of my on-going research I have been investigating the conditions under which the IMF extends financial support to the poorest nations. And today I will tell you about the surcharge system which the IMF uses to…

  • Episode 6 of the Smith Family Manga (Season 2) is now available – Environmental disaster strikes
    on 3 October 2024 by bill

    Today (October 3, 2024), MMTed releases Episode 6 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. Episode 6 was delayed by two weeks…

  • Recent and upcoming elections tell us a lot about how far gone the global order is
    on 2 October 2024 by bill

    It’s Wednesday and I am flat out finishing things today as I am off to Japan again to work once again at Kyoto University. I will keep you updated on the progress of that work and a public event that we are thinking about in November in Kyoto (or possibly Tokyo or both). For now…

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