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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

  • Kyoto Report 2024 – 3
    on 22 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. Tourism blight I rarely go down into the tourist areas of Kyoto, that is the most popular areas around Gion and the Yasaka Shrine. I live in North Kyoto and…

  • Japanese government investing heavily in technologies to help its population age
    on 21 October 2024 by bill

    The – Japanese National Institute of Population and Social Security Research – is the go-to place for understanding demographic trends in Japan. The latest revisions to the population estimates (as at 2023) show that the current population of 125.5 million will shrink to 96 odd million by 2060 and then 87 million a decade later.…

  • Episode 7 (S2) of the Smith Family Manga is now available – A revealing Zoom session
    on 18 October 2024 by bill

    Today (October 18, 2024), MMTed releases Episode 7 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. The Smith Family are a middle-class family…

  • Australian labour market – positive shift in September 2024
    on 17 October 2024 by bill

    Today (October 17, 2024), the Australian Bureau of Statistics released the latest – Labour Force, Australia – for September 2024, which shows that the labour outlook shifted towards the positive in September 2024. Employment growth was above the year’s average and was biased towards the net creation of full-time jobs and underemployment fell. The unemployment…

  • Video of Australian book launch of ‘Modern Monetary Theory: Bill and Warren’s Excellent Adventure’
    on 16 October 2024 by bill

    It’s Wednesday and as usual I am writing about a few issues rather than providing a detailed analysis of a specific issue. Today, I publish the video of Australian launch of our new book – Modern Monetary Theory: Bill and Warren’s Excellent Adventure. I also comment on the current situation in the Middle East and…

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