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
- Are UK cars going to be subject to a 25% tariff in the USA?on 3 April 2025 by Richard Murphy
Keir Starmer appears to have been celebrating today because USA has said that it will only charge a 10% tariff on exports from this country Read the full article...
- If we want to talk about sanctionson 3 April 2025 by Richard Murphy
Might we start with blocking Blackrock, and its like? It seems to me the obvious place to start.
- Reich on Trumpon 3 April 2025 by Richard Murphy
This is an excerpt from an article by Robert Reich (Clinton's labour Secretary, amongst much else) on his SubStack this morning. I recommend reading the Read the full article...
- When the facts change….on 3 April 2025 by Richard Murphy
The world's economy changed yesterday with Trump announcing a trade war with almost every nation on earth, as he has long said he would. Long Read the full article...
- Will the UK fall into Trump’s trap? on 3 April 2025 by Richard Murphy
This is the first of a series of tables put out by the US government yesterday to supposedly justify what it calls reciprocal tariffs: Others Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Majority of Australians want fiscal deficits to be maintained and the majority of younger Australians want to ditch capitalismon 3 April 2025 by bill
We are now full-swing into the national election campaign in Australia (election on May 3, 2025) and we have a new party – the Trumpet of Patriots – (funded by a property developer/miner) channelling Trump’s approach, the conservatives channelling Trump’s approach (although with a slight more subtle voice but not much), the Greens chasing their…
- The hollowing out of the middle class in the US and beyondon 31 March 2025 by bill
The Post WW2 period was marked by the mass consumption boom and the rise of the ‘middle class’, which is a sociological designation that is intended to say that the working class had segments that had experienced better conditions and outcomes than the labouring cohorts. The fact that Capital (as a class) deigned to concede…
- What is the purpose of fiscal policy? Don’t ask Rachel Reeves!on 27 March 2025 by bill
It’s been a week of grand fiscal statements. Tuesday, it was for Australia as I discussed yesterday – Australian fiscal statement – rising unemployment amidst a moderate fiscal contraction (March 26, 2025). Then yesterday in the UK, the Labour Chancellor delivered the British Government’s – Spring Statement 2025. Both statements come at a time when…
- Australian fiscal statement – rising unemployment amidst a moderate fiscal contractionon 26 March 2025 by bill
Last night (March 25, 2025), the Australian government delivered the latest fiscal statement for 2025-26 (aka – The Budget – and, in doing so tried to win renewed electoral appeal given its waning popularity and a national election that has to be held in the next 6 or so weeks. So it offered the tax…
- The Far Right opposition to the euro in Germany has nothing to do with MMTon 24 March 2025 by bill
Edward Elgar, my sometime publisher, is interested in me updating my 2015 book – Eurozone Dystopia: Groupthink and Denial on a Grand Scale (published May 2015). I have held them off for a few years because there have been notable developments such as Brexit, COVID-19, and more since I finished that work, which are still…
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