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
- This war is a long way from over as yet, especially for the UK
on 1 April 2026 by Richard MurphyIn another surreal overnight twist to the war in the Middle East, Trump has declared that he thinks it might be over in 2 to Read the full article...
- Trump’s planning war crimeson 1 April 2026 by Richard Murphy
Donald Trump has signalled his intention to attack Iran’s civilian infrastructure, power stations and desalination plants, and that is a war crime under international law. Read the full article...
- The callous indifference of stock markets
on 31 March 2026 by Richard MurphyI have just posted this on X and other social media accounts:
- The new political-economic reality
on 31 March 2026 by Richard MurphyWhile scanning through all the FT emails that I received each morning, I noted this conjunction of headlines: UK politicians are walking around like headless Read the full article...
- Never doubt that dangerous ideas are a threat to humankind
on 31 March 2026 by Richard MurphyDonald Trump posted this on his so-called Truth Social media account last night: This might be an event without precedent. An attack on civilian installations Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- The Manosphere fills a void created by neoliberalism which has been largely ignored by progressiveson 30 March 2026 by bill
Over the weekend just gone I took some time to watch the latest Louis Theroux documentary – Louis Theroux: Inside the Manosphere – which relates how far we have gone in reverse with attitudes that men hold towards women. This blog post is not intended to be a review of that film but rather my…
- New Green-linked report in Britain avoids the critical issueon 26 March 2026 by bill
I read a new Report this morning – Waste Not – that was published by a new unit in Britain called Verdant, which seems to have links to the England and Wales Green Party. The work is interesting and raises several issues that bear on how government fiscal policy should be assessed. The issues I…
- A structured approach for progressive political ambitions – Part 4on 23 March 2026 by bill
This is Part 4 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…
- Australian labour market – unemployment rises sharply – hard to reconcile with RBA’s excess demand claimon 19 March 2026 by bill
The Australian Bureau of Statistics (ABS) released the latest labour force data today (March 19, 2026) – Labour Force, Australia – for February 2026 – which showed that the labour market had gone backwards. While employment growth remained positive, full-time work fell. The participation rate rose, which in some situations indicates a positive outlook as…
- A structured approach for progressive political ambitions – Part 3on 15 March 2026 by bill
This is Part 3 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 Labour Party has bound itself in with its obsession with fiscal rules and an adherence to the fiscal…
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