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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

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Posts from Bill Mitchell – Modern Monetary Theory

  • Australian labour market – largely stable but dark clouds present
    on 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’ 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 7
    on 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…

  • A structured approach for progressive political ambitions – Part 6
    on 9 April 2026 by bill

    This is Part 6 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…

  • My blog is on holiday today
    on 6 April 2026 by bill

    It is a public holiday in Australia today and I decided that I would use the time, which is free of workplace-type interruptions, to finalise a major project that has an impending (very) deadline. So happy holidays to all not that the global events are anything to be very happy about.

  • A structured approach for progressive political ambitions – Part 5
    on 2 April 2026 by bill

    This is Part 5 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…

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